It includes discussion of the key requirements, and interpretative guidance and illustrative examples to elaborate and clarify the practical application of the requirements in nine key areas that are of specific importance to telecoms, including revenue recognition, capacity transactions and intangible assets.
Our aim has not been to be prescriptive in setting out which specific policies should be applied, but instead to discuss what approaches might be appropriate and give some insights into what we consider constitutes “industry best practice".
Telecoms remains a dynamic and rapidly changing sector, which will continue to present new accounting challenges – for those working in the sector we hope you find this publication both stimulating and interesting.