EY - New revenue recognition standard for telecommunications companies

EY Telecommunications webcast

New revenue recognition standard for telecommunications companies (Replay)

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This webcast is currently being prepared for on-demand viewing and will be available on this site soon.

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) (collectively known as the Boards) have issued new converged standards for recognizing revenue under US GAAP and IFRS. These standards were a decade in the making.

Telecommunications companies need to know how the Boards' new revenue recognition standard will affect them. Our webcast explains the issues and discusses the path forward for telecommunications US GAAP and IFRS reporters and practitioners.

Our webcast will provide telecommunications companies with industry specific considerations for each of the steps of the new revenue model. Our panel of subject-matter and industry professionals will also discuss how the requirements will impact some common telecommunications revenue arrangements.

In this webcast, we will discuss:

  • Highlights of the new standard, including effective dates and transition methods
  • The key implications of the new revenue model for telecommunication companies when accounting for revenue arising from contracts with customers
  • Practical application issues for telecommunications companies

We are offering this webcast twice in 24 hours. Please register for the time that you prefer. Viewers in the America's and Europe may prefer to register for the live event.

 

Panelists:

EY - Portrait image of Dennis Deutmeyer

Dennis Deutmeyer

Ernst & Young

Dennis is the Telecommunications leader for EY’s Global IFRS services organization. He is responsible for monitoring the IASB’s standard setting activities and providing updates and implementation guidance to clients and EY professionals involved with the telecommunications industry. He brings over 28 years of auditing and assurance experience, predominantly serving clients in the telecommunications sector.

Dennis is a licensed Certified Public Accountant in the state of New York.

 

EY - Portrait image of Greg Hall

Greg Hall

AT&T, Vice President-Reporting

Greg Hall serves as Vice President-Reporting for AT&T Inc. in Dallas, Texas, where he has responsibility for external reporting, management reporting and technical accounting. Until recently, he was the Vice President & Controller for AT&T Mobility and was based in Atlanta, Georgia.

Greg joined AT&T Inc., formerly SBC Communications, Inc., in 1984 as Manager of Financial Reporting. He held numerous positions in Accounting, Financial Planning and Mergers & Acquisitions with the company including an expatriate assignment in Mexico City working with Telefenos de Mexico (Telmex). Before joining AT&T, Greg worked for CLC of America, Inc as Assistant Controller and as a member of the audit staff of KPMG in St. Louis, Missouri.

Greg earned his bachelor’s degree in business administration from the University of Missouri at St. Louis and master’s degree in international business from Saint Louis University.

 

EY - Portrait image of Rachel Simons

Rachel Simons

Ernst & Young LLP

Rachel is a Partner in EY’s National Professional Practice group in New York, NY where she specializes in revenue recognition accounting matters. In this role, Rachel is responsible for developing the firm’s interpretive guidance, interacting with standard setters, and advising clients and engagement teams throughout the Americas Practice.

From June 2010 through July 2012, Rachel was a Professional Accounting Fellow in the Office of the Chief Accountant of the U.S. Securities and Exchange Commission. Rachel began her career at EY serving assurance and advisory clients in the Los Angeles area.

Rachel earned a Bachelors of Science in Accounting from the University of Southern California, Leventhal School of Accounting.

Rachel is a licensed Certified Public Accountant in New York, California and DC. She is also a member of the AICPA.

 

Moderator:

EY - Portrait image of Holger Forst

Holger Forst

Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft

Holger is the Global Assurance Leader in the Telecommunications sector for EY’s Global organization. He has over twenty years of business experience providing audit and advisory services to large multinational clients. He has in-depth experience and knowledge of reporting under US-GAAP and IFRS, specifically in the telecommunications industry. He currently serves as the global client service partner to one of the largest multinational companies in the telecommunications industry.

Holger is a licensed Certified Public Accountant in Germany.