The trend of complex financing structures has seen an increased focus on financial instruments in the telecommunications industry. IFRS 9 replaces the majority of International Accounting Standard (IAS) 39; it covers classification, measurement, recognition and derecognition of financial assets and financial liabilities, and impairment of financial assets, and it provides a new hedge accounting model. All financial assets need to be carefully assessed to understand the classification and impairment implications.
This article covers what steps telecommunications companies should take immediately and long-term.
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