• Course Information

    Title: Specialized Industry GAAP: Entertainment
    Category: Accounting and Auditing
    Field of Study: Accounting
    Course Code: A016-0431
    CPE Credits: 2.5
    Price: $24.95
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Description

Description:
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.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Delta Publishing

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Publication Date: 12/13/2016

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Objectives

Objectives:
1. Recognize the reporting requirements for network affiliation agreements
2. Identify the accounting requirement for barter transactions in the broadcast industry
3. Identify key terms and how to treat different cost for the cable TV industry.
4. Recognize the direct selling costs for cable television providers.
5. Recognize different film costs, including participation costs, exploitation costs, and manufacturing costs, and their accounting
6. Recognize factors that should be used to estimate future cash flows for a film.
7. Identify conditions for recognizing music as an outright sale vs. a license.
8. Account for royalty payments to music artists.
9. Recognizes the key provisions of the new revenue (ASC 606) and leasing standards (ASC 842) and identify the potential impact upon adoption of these guidelines.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

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