FIN-113 IAS/IFRS in Telecommunications

Description

*This course is also available as a live distance learning course*

A 5-day Training Program to provide participants with in-depth knowledge of the International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) and guidelines for their implementation in the telecommunications sector.

Objectives

• Present an overview of international Generally Accepted Accounting Principles (GAAP)
• Provide an understanding of the options available to implement IAS/IFRS as a standard accounting method
• Present alternative accounting solutions for telecommunication organizations
• Present the main issues that telecommunications organizations face when implementing and using IAS/IFRS

Topics

Part I – Introduction to IAS/IFRS

Fundamentals of financial statements

• Purpose
• Components
• General accounting principles

Balance sheet, income and cash flow statements

Importance of IAS/IFRS

Overview and development of IAS/IFRS standards

Differences with other accounting standards

Guidelines for IAS/IFRS implementation

Income statement and cost recognition

Revenue recognition

• IAS 18
• Multi-item packages, pre-paid cards, special offers, devices, number portability, etc.
• Third parties: principals versus agents
• Interconnection issues

Research & Development (R&D)

Pensions

Leases

Employee benefits

Income tax deferrals

Tangible assets: buildings, networks, inventories, maintenance

Intangible assets: goodwill, licenses, self-made or jointly-made intangibles

Depreciation methods

Indefeasible Right of Use (IRU), concessions, grants by the government

Indicators and reversals of impairments

Cash generating units: impairment for a single asset or bundle of assets

Liabilities

Foreign exchange

Mergers & Acquisitions (M&A)

Consolidation

Segment-based reporting

Subscriber acquisition costs

• Reporting
• Presentation
• Analysis

Financial instruments

Interim reporting and events after the balance sheet date

Target Audience

• Telecommunications managers and personnel responsible for finance, accounting and analysis of financial reports
• Managers looking to complement their skill-set by gaining a good understanding of IAS/IFRS and its application to telecommunication organizations
• Professionals involved in activities related to accounting in telecommunications such as general accountants, bankers, lawyers and regulators

Methodology

Location

About Neotelis