IFRS 15 – Implementation in the technology and ...

International Financial Reporting StandardsDer 15. IFRS Kongress 2016 in BerlinIFRS 15 Implementation in thetechnology and telecommunicationindustryMichael Br cksDeutsche Telekom AGAndreas GroteErnst & Young GmbH123 Revenue Recognition at Deutsche Telekom AG background and project milestonesChallenges and questions of interpretationDisclosure requirementsAGENDA2* Customer Relationship Management** Sales and Distribution As of 2018, the existing system landscape will not be able to depictrevenue according to the new revenue recognition requirements. The solution design (portfolio approach, contract-by-contract) hassignificant impact on the cost of Implementation . Corresponding interfaces between CRM* and SAP SD** systems anda Revenue Engine as well as between the Revenue Engine andSAP FI & CO (general ledger) are needed. In the pilot project at Telekom Deutschland GmbH it has becomeevident that cost savings (due to Implementation of the portfolioapproach) amount up to approximately 95% in comparison to acontract-by-contract and project milestones at Deutsche Telekom AGKEY usually receive subsidised handsets whenentering into minimum-term service customer s perspective the subsidised handsetrepresents an incentive for (re-)entering into the our business model handset subsidies are viewed ascosts of acquiring the customer (SAC*).

International Financial Reporting Standards Der 15. IFRS Kongress 2016 in Berlin IFRS 15 – Implementation in the technology and telecommunication

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