Specialized Industry GAAP: Entertainment
Specialized Industry GAAP: Entertainment 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).

Course Publication Date: March 05, 2019

This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $30.00!

Author:Delta CPE
Course No:ACT-ENTGAAP-4899
Recommended CPE:3.00
Delivery Method:QAS Self Study
Level of Knowledge:Overview
Advanced Preparation:None
Recommended Field of Study:Accounting
Learning Objectives
  • 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 costs 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.
  • Account for royalty payments to music artists.
  • Identify the revenue model requirements (e.g., identification of the contract, licenses of intellectual property) that replace the legacy industry-specific revenue guidance.
  • Cite the key lease accounting requirements (ASC 842) that create the significant changes for the entertainment entities.

CPE Depot Inc. 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.nasbaregistry.org.

Sponsor Number: 109423


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