Entertainment Industry Accounting

Master the specialized accounting standards that govern the entertainment industry. This course explains how to account for license agreements, cable system buildouts, film production costs, and music licensing arrangements. Clarify presentation and disclosure requirements and apply the correct treatment to broadcasting, cable television, film, and music transactions. Gain the technical guidance needed to handle complex entertainment transactions accurately and ensure compliance with industry-specific accounting rules.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course Number: AC1118

Table of Contents
Chapter 1. Accounting for Broadcasting
Chapter 2. Accounting for Cable Television
Chapter 3. Accounting for Films
Chapter 4. Accounting for Music

Learning Objectives
  • Recognize the circumstances under which a license agreement is recognized in the accounting records of a broadcaster.
  • Specify the requirements for capitalizing interest when building out a cable television system.
  • 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.
  • Specify the proper accounting for a record master.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: February 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

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