Telecommunications industry accounting group (TIAG)

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The Telecommunications Industry Accounting Group (TIAG) engages with colleagues in the Telecom industry to understand priorities in accounting and reporting, facilitate dialogue with the standard setters and, where appropriate, offer our own observations.

At first our agenda was dominated by the proliferation of new fibre networks and how one might account for purchases and sales of fibre capacity under IRUs. This was followed by dealing with the implications of the end of the dot com bubble, and particularly addressing the impact of changes in expected future cash flows on asset carrying values.

The link between creating customer and shareholder value is becoming increasingly entwined. This has led to significant auction activity, roll outs of new technology, and diversification into new areas such as broadcast content and cloud computing. As companies are dealing with more revenue streams, challenges are being presented to the finance teams as to how to capture and measure this data accurately. Many of the telecommunication companies are also heavily affected by the new revenue recognition standard. As the new guidance does not only impact us with new accounting -- it may require the need to adjust processes and IT systems of many business models in the industry. Additionally, in 2016 a new leasing accounting standard was issued. Also, this change has a significant effect on the industry as lessor and lessee accounting is impacted.

Over the years the TIAG network established a prominent accounting industry forum for telecommunication companies. Besides establishing industry solutions as mentioned above, we bring the network together once a year at our GAAP Summit, welcoming discussion and networking among peers.

Best regards,

Christoph Gruss
TIAG Chairman

Insights

IFRS 16 impact on telecom accounting for long-term capacity

IFRS 16 impact on telecom accounting for long-term capacity

This report applies IFRS 16 to a variety of common capacity arrangements to see if they contain leases, and it explores the impact on accounting.

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PwC TIAG perspectives: Accounting for customer premises equipment under IFRS 15 and IFRS 16

PwC TIAG perspectives: Accounting for customer premises equipment under IFRS 15 and IFRS 16

This paper examines two particular questions; how should an operator determine whether equipment is ‘distinct’ for the purpose of IFRS 15 and whether arrangements involving equipment contain a lease for the purpose of IFRS 16?

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2018 Global Telecommunications GAAP Summit

2018 Global Telecommunications GAAP Summit

Thank you again for joining us at the 2018 PwC Global Telecommunications GAAP. You can find the presentation in this page.

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IFRS 15: An accounting change with profound impacts for communications operators–from the P&L to operations, pricing and marketing

IFRS 15: An accounting change with profound impacts for communications operators–from the P&L to operations, pricing and marketing

The IFRS15 accounting standard on revenue recognition brings profound implications for communications companies’ operations.

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An industry focus on the impact of IFRS 16 – Communications

An industry focus on the impact of IFRS 16 – Communications

IFRS 16 will fundamentally change the accounting for lease transactions and is likely to have significant business implications for Telecoms.

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IFRS 16: The leases standard is changing - Are you ready?

IFRS 16: The leases standard is changing - Are you ready?

The earlier you begin to understand what impact the new standard may have on your organisation the better prepared you will be to iron out potential issues and reduce implementation costs and compliance risk.

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Contact us

Christoph Gruss

Partner

Tel: +49 69 9585 3415

Robert Kramer

Director

Tel: +1 (617) 530 6732

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