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Telcommunications sector survey on revenue recognition

  • Telecommunications revenue survey 2013 Image

Jun 18, 2013

A survey of telecommunications operators has shown a wide variation of readiness for the forthcoming standard on revenue and revealed a number of concerns related to its adoption.

The survey, undertaken by Deloitte's Technology, Media and Telecommunications group, gathered the thoughts of over 40 operators on key questions about the understanding of the proposals in the IASB-FASB joint project on revenue recognition and their concerns from an operational, commercial, and accounting method perspective.

Key findings from the survey include:

  • The most significant concerns expressed by respondents were meeting the data and information requirements that the proposed accounting will require, closely followed by the impact that this will have on IT systems.
  • Concerns also exist over the level of awareness of the proposals among the analyst and investor community.
  • The implementation of a portfolio approach to revenue recognition is desired but is likely to be very challenging.
  • There is a wide variation of readiness and work undertaken to date among operators.

Click to access the full survey.

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