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The buzz: Can you hear me? Telecoms operators worldwide should already be preparing for 2017, when new IFRS (International Financial Reporting Standards) standards will significantly change the way they recognize and account for revenue. More than an accounting exercise, new rules will impact Telcos’ profit and loss, systems, and key performance indicators. Some are concerned about the new IFRS treatment of acquisition costs. Why Rev Rec changes now? How can Telcos go beyond simple compliance to take advantage of the changes? Do they need new ways to do business?
The experts speak.
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