Telecom Accounting and Auditing Course

Course Objective:

Telecommunication activities are complex and changing, creating uncertainty about accounting best practices in which operators may adopt inappropriate GAAP.  This course is designed to explain accounting, auditing and financial reporting issues in telecommunication activities, clear the GAAP and GAAS conundrum and give the participants a clear sightline into contemporary accounting, auditing and financial reporting best practices of the telecom industry approved by regulators.

Brief Outline:

Financial Accounting Concepts – GAAP in the Telecom Industry
Applying the New International Financial Reporting Standards IFRS to Telecom Accounting Issues

•  Revenue – timing, measurement and recognition
• Capitalization of Costs – CAPEX Accounting
• Intangible assets – Capitalization and Amortization GAAP
• Operating Costs – OPEX Accounting and recognition of costs
• Depreciation, dismantling and removal costs of fixed assets
• Calculation and treatment of impairments
• Telecom Specific Interpretation of IFRSs
• Telecom Financial Reporting Performance Measures
• Telecom Accounting Classifications
• NASBs Emerging Accounting Standards for Telecoms
• Meeting NCC’s Accounting Reporting Requirements
• Accounting and Financial Reporting Issues in Telecom
• Managing the Balance Sheet

Telecom Auditing:

• Internal Auditing in Telecoms
• IT Systems Auditing in Telecoms
• Auditing for Financial Reporting in Telecoms
• Analyzing Telco Financial Statements