How will telecoms connect the dots in response to financial transformation?

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1 How will telecoms connect the dots in response to financial transformation? EY IFRS & VAT seminar for telecommunications Bahrain, January 2017 The better the question. The better the answer. The better the world works.

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3 Introduction For telecom players, being in a business as usual state has become a euphoria of the past. Telecoms are already trying to redefine themselves as digital service providers and ICT ecosystem managers by changing their strategic focus and operating model. Intense competition continues while the sector as a whole faces existential threat from increasingly disruptive innovations driven by over-the-top players and technology giants. There is also growing stakeholder scrutiny and pressure for sector-wide consolidation. Add to the above the introduction of new financial reporting standards and value added tax in the GCC. The implications of these changes go beyond matters of accounting, impact most functions and many key business decisions. Adapting effectively would require embracing new ways of steering the business. The real challenge is educating, engaging and mobilizing all relevant stakeholders to effectively manage the enterprise-wide transformation required. This seminar is designed to provide a collaborative workshop environment where executives from across the sector finance and other functional leaders - come together to gain valuable insights by interacting with each other and hearing from subject matter leaders from EY. We look forward to your participation at the event. Thanks & regards, Shabkhez Mahmood Telecom, Media and Technology Sector Leader Financial Accounting Advisory Services, Middle East & North Africa

4 Table of contents EY IFRS & VAT seminar for telecommunications

5 01 Agenda Key information Contact us 09 EY IFRS & VAT seminar for telecommunications

6 01 Agenda Day 1 8:30-9:00 Registration and networking 9:00 9:15 Opening Shabkhez Mahmood, MENA Telecom, Media & Technology Sector Leader 9:15 11:00 IFRS 15: The new accounting standard for revenue recognition Aftab Baddi, IFRS 15 Leader Allan Roen, Advisory Lead for telecommunications 11:00-11:30 Coffee break 11:30 13:00 IFRS 15 : How we see the new standard affecting the telecommunications sector Aftab Baddi, IFRS 15 Leader Allan Roen, Advisory Lead for telecommunications 13:00 14:00 Lunch break 14:00-15:30 IFRS 15: Key lessons learned, experiences, open discussion and Q&A Aftab Baddi, IFRS 15 Leader Allan Roen, Advisory Lead for telecommunications 15:30 16:00 Coffee break 16:00 18:00 IFRS 16: What s changing for lease accounting Key judgement areas for telecommunications, open discussion, Q&A Aftab Baddi, IFRS 15 Leader Allan Roen, Advisory Lead for telecommunications 6 EY IFRS & VAT seminar for telecommunications

7 Day 2 8:30 10:00 VAT: History and current status Salient features 10:00 10:30 Coffee break Jennifer O Sullivan, Leader of VAT Implementation 10:30 12:00 VAT: Impact on the industries How companies should get ready Jennifer O Sullivan, Leader of VAT Implementation 12:00 13:00 Lunch break 13:00 14:00 Financial data analytics: the big difference Robotics Process Automation (RPA) The next big thing! Khurram Siddiqui, MENA Leader of Advanced Process Assurance and Data Analytics 14:00 15:30 Sustainability and integrated reporting: 15:30 16:00 Coffee break Key sustainability risks & opportunities for telecommunications. Emerging and leading practices and responses from telecommunications sector on sustainability Joseph Martin, Climate Change and Sustainability Services 16:00 17:30 IFRS 9: Key changes brought by IFRS 9 The new impairment model and its impact on telecommunications Hedge accounting an opportunity Mohammad Qaiser, IFRS 9 Leader EY IFRS & VAT seminar for telecommunications 7

8 02 Date January 2017 Location Art Rotana Hotel, Amwaj Islands Bahrain Key information Fees USD 1,750 per participant The fee covers your participation in the two-day event, the training materials, lunch on the 2-day event and networking dinners on 21 and 22 January. The fees do not include travel ticket, visa fees and accommodation. Accommodation in Art Rotana hotel can be arranged upon request at EY preferential rates.* Discount rates are applicable as follows: Registration for 3 to 5 people: 10% discount Registration for 6 people or more: 20% discount * subject to availability at the time of booking 8 EY IFRS & VAT seminar for telecommunications

9 03 Contact us Bahrain & International locations Diane Harfouche Mobile: Tel: Oman & Qatar Prabhu Gudavalli Mobile: Tel: prabhu.gudavalli@qa.ey.com Kuwait Dileta Crasto Mobile: Tel: dileta.crasto@kw.ey.com UAE Raza Shah Mobile: Tel: raza.shah@ae.ey.com KSA Mohamed Intikab Mobile: Tel: mohamed.intikab@sa.ey.com For more details on our training programs and credentials please visit To learn more about our global organization, please visit EY IFRS & VAT seminar for telecommunications 9

10 Registration form EY IFRS & VAT seminar for telecommunications January 2017 Art Rotana Hotel Amwaj Islands Bahrain Company : Delegates 1 Name : Role : Mobile : 2 Name : Role : Mobile : 3 Name : Role : Mobile: : 4 Name : Role : Mobile : Please choose your registration type: Name Role Company PO Box Regular registration USD 1,750 Group registration USD 1,575 per participant for companies registering 3 to 5 participants Group registration USD 1,400 per participant for companies registering 6 participants or more The fee is inclusive of: Full day participation at the 2-day seminar Training material Lunch and refreshments during the 2-day seminar Networking dinners on 21 and 22 January Payments An invoice with all payment details will be sent upon receipt of registration form. Payment must be received in full prior to the commencement of the seminar. We accept cash, cheque or bank transfer. Cancellation and refund policy Refunds can be claimed if cancellation is received at least one week prior to the event. Replacement of an attendee with another is free of charge. The fees will be completely refunded in case the event is postponed or cancelled by EY. Invoice to be addressed to: Mobile 5 Name : Role : Mobile : Contacts Should you have any inquiries, please contact Diane Harfouche diane.harfouche@bh.ey.com Mobile: EY IFRS & VAT seminar for telecommunications 10

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12 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. The MENA practice of EY has been operating in the region since For over 90 years, we have grown to over 6,000 people united across 20 offices and 15 countries, sharing the same values and an unwavering commitment to quality. As an organization, we continue to develop outstanding leaders who deliver exceptional services to our clients and who contribute to our communities. We are proud of our accomplishments over the years, reaffirming our position as the largest and most established professional services organization in the region EYGM Limited. All Rights Reserved. ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice. ey.com/mena