Course Information
Specialized Industry GAAP: Entertainment
Course Information
| Title: | Specialized Industry GAAP: Entertainment |
|---|---|
| Category: | Accounting and Auditing |
| Field of Study: | Accounting |
| Course Code: | M130 |
| CPE Credits: | 3.0 |
| Price: | 27.95 |
Description
Description:
This course is divided into two parts. Part I is designed to help you navigate the specialized accounting principles and practices for the media and entertainment (M&E) industry. It discusses all the important authoritative pronouncements on GAAP for broadcasters, cable television, films, and music. Relevant references to and excerpts from ASC 920, ASC 922, ASC 926, and ASC 928 are discussed throughout the course. It also provides specific examples to illustrate the application. Part II focuses on the ASC 606 revenue recognition requirements since it supersedes most industry-specific guidance. Entities across industries are required to follow the guidance of ASC 606. It explains how to apply the revenue model with an emphasis on situations specific to the M&E industry.
Delivery Method: Online Interactive Self Study
Level:
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
Technical Details:
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Objectives
Objectives:
- Recognize industry-specific accounting standards for M&E entities
- Identify the applicability of the revenue standard
- Recognize revenue recognition principles focused on situations specific to the M&E industry
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: No IRS credit for Enrolled Agents.
Profession Identifiers: CPA