A number of accounting standards are targeted at the entertainment industry, requiring businesses to follow specific rules for license agreements, the buildout of cable systems, film costs, music licensing, and more. Entertainment Industry Accounting covers these accounting requirements, along with related presentation and disclosure topics, with the intent of clarifying how specific transactions are to be handled. This course covers the accounting for broadcasting, cable television, films, and music.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
Recognize the circumstances under which a license agreement is recognized in the accounting records of a broadcaster.
Chapter 2
Specify the requirements for capitalizing interest when building out a cable television system.
Chapter 3
Cite the characteristics of the various costs incurred during the production and release of a film.
Describe the indicators that point toward the impairment of a film asset.
Chapter 4
Specify the proper accounting for a record master.
Major Topics
Accounting for Broadcasting
Accounting for Cable Television
Accounting for Films
Accounting for Music
