Specialized Industry GAAP - Entertainment
Field of Study:
This course discusses all of the important authoritative pronouncements on GAAP for entertainment
industries. This course addresses accounting principles, financial reporting presentation
requirements, required and recommended disclosures for the entertainment industries such as
broadcast, cable television, film, and music.
Each citation in this course will have its ASC topic number and description, ASC citation (XXX-YY-ZZ-PP).
After completing this course you will be able to:
- Recognize the reporting requirements for network affiliation agreements.
- Identify the accounting requirement for barter transactions in the broadcast industry.
- Identify key terms and how to treat different cost for the cable TV industry.
- Recognize the direct selling costs for cable television providers.
- Recognize different film costs, including participation costs, exploitation costs, and manufacturing costs, and their accounting.
- Recognize factors that should be used to estimate future cash flows for a film.
- Identify conditions for recognizing music as an outright sale vs. a license.
- Account for royalty payments to music artists.
Type of delivery method:
Recommended CPE credits:
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and final examination.
Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org