How has IFRS 16 impacted the telecommunications industry.
Many telco companies lease a substantial number of big-ticket assets that are impacted by the IFRS 16 standard such as: network/cell towers and equipment, satellite transponders and fibre optic cables. However, since transition, the telecommunications industry have subsequently faced significant challenges with IFRS 16 and has often struggled to efficiently process the accounting compliance and also realise the potential return on investment that a centralised repository of leasing information should enable.
This PDF will provide you with information about the impact of IFRS 16 on the telecommunication industry. It will answer all your questions related to:
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What's happened since 2019
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The impact of IFRS 16 on the telecommunications industry
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How the telecommunications industry is dealing with the challenges
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Main outcomes we have observed
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How to simply, quickly and efficiently maintain IFRS 16 compliance
