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

Click to access the full survey.