Revenue Recognition for Media and Entertainment Entities

1 Credits: Accounting


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Revenue Recognition for Media and Entertainment Entities

Course Level
CPE Credits

1 Credits: Accounting

Course Description

The goal of this course is to provide the overall revenue recognition principles outlined in ASC 606 while also addressing some of the more specific media and entertainment considerations. Even though all of the existing guidance for revenue recognition for media and entertainment has been superseded, there are still specific elements within the overall revenue recognition standards that may impact media and entertainment entities more significantly.

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Learning Objectives

After completing this section of the course, you will be able to:

  • List the five steps involved in the revenue recognition model
  • Recognize the considerations involved in identifying whether a contract exists
  • Identify the considerations involved with measuring the transaction price
  • Recognize the steps involved in allocating the transaction price to performance obligations
  • Identify methods for recognizing revenue
  • Identify how the revenue recognition model impacts media and entertainment entities
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Course Specifics

Course ID
Revision Date
January 28, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Kelen Camehl Headshot

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 …