Entertainment — Films
Overview
ASC 926-10 notes that this Topic "provides accounting and reporting guidance for entities in the film production and distribution industry for revenue, film costs, participation costs, and manufacturing costs." Further, ASC 926-20 provides "accounting guidance on the capitalization and amortization of the costs incurred by entities in the film production and distribution industry to produce and distribute the films."
Additional guidance is included in the following intersecting Subtopics:
230 — Statement of Cash Flows
330 — Inventory
405 — Liabilities
430 — Deferred Revenue
605 — Revenue Recognition
705 — Cost of Sales and Services
720 — Other Expenses
835 — Interest
845 — Nonmonetary Transactions
855 — Subsequent Events