Abstract
The mobile communication industry operates in a fast-paced and ever-evolving environment, which demands robust and efficient accounting practices to keep pace with industry developments. This article delves into international experiences in enhancing accounting methodologies for mobile communication services, highlighting the critical role of real-time financial reporting and transparent revenue management. A detailed comparative analysis of accounting practices across various countries is presented, showing trends such as the move towards real-time revenue recognition, standardization of roaming charge accounting, and increasing adoption of International Financial Reporting Standards (IFRS). The purpose of the study is to explore international practices in improving accounting for mobile communication services, identifying best practices and challenges within this fast-evolving industry. The object of the study is is the accounting system in the field of mobile communication services, in particular the practice of accounting for income, expenses, capital investments and financial results in an international context. Research methods: logical and meaningful method, methods of comparison, systematization, induction and deduction, analysis and synthesis, coefficient method. The main hypothesis. Effective implementation of international accounting practices in the mobile communications industry allows for increased accuracy of financial reporting, greater transparency of business processes, and improved management decision-making by taking into account specific features of the sector, such as accounting for prepaid services, license fees, and capital expenditures on technological infrastructure. Present of the main material. The mobile communication industry is a vital economic sector, experiencing continuous growth and innovation. This dynamic nature necessitates robust and efficient accounting practices to ensure accurate financial reporting, transparency, and informed decision-making by stakeholders. However, traditional accounting methods often struggle to handle the complexities specific to mobile communication services. Originality and practical significance. Comprehensive analysis of the specifics of accounting practices in the field of mobile communications, covering aspects of contract revenue recognition, capitalization of infrastructure development costs, depreciation of technological equipment and license accounting management. Conclusions and prospects for further research. This article analyzed international experiences in this domain, highlighting the growing adoption of real-time revenue recognition, standardized roaming charge accounting, and IFRS. However, challenges remain, including currency fluctuations, data monetization complexities, and regulatory variations
Keywords
mobile communication services, accounting practices, international convergence, IFRS, revenue recognition, data monetization, regulatory challenges
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