1 Credits: Accounting
Navigating the intricate accounting standards specific to the entertainment industry can be a daunting task for professionals in the field. Entertainment Industry Accounting is a targeted course that addresses this challenge, offering a comprehensive guide to the unique accounting requirements of the industry. This course delves into the specific rules that businesses must adhere to for license agreements, cable system buildouts, film and music production costs, and more. It aims to clarify the often-complex transactions associated with broadcasting, cable television, film, and music, providing clarity on presentation and disclosure topics. Attendees will gain insights into recognizing license agreements in the accounting records of a broadcaster, capitalizing interest for cable television system buildouts, understanding the various costs in film production, identifying indicators of film asset impairment, and mastering accounting for a record master. This course is an invaluable resource for accounting professionals in the entertainment sector, equipping them with the knowledge to navigate these specialized standards effectively.
Upon completing this course, participants will be able to:
- 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.
December 18, 2023
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Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …