Specialized Industry GAAP: Entertainment (GEDP)

Customer Rating
Field of Study
Accounting
Level
Credits
3
Qualifies For
CPE



Price:  $ 59

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 braodcasters, cable televion, 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.

Additional information

year

2024

version

01

Credits

3

Company Code

Self Study

Format

On Demand

Yellow Book Approved

0

CFP Approved

0

IRS Approved

0

CTEC Approved

0

Field of Study Credits

Accounting (3)

Field of Study Department

Accounting

Course Version

2024-01

CPE Approved

1

Pre-requistes:

None

Major Topics:

  • General rules of accounting for broadcasters
  • Program license agreements
  • Network affiliation agreements
  • General rules of accounting for cable television
  • Capitalization costs
  • Depreciation expense
  • General rules of accounting for film production and distribution
  • Film costs
  • Amortization
  • Entertainment - Music
  • The Revenue Recognition Model
  • Licenses of intellectual property

Learning 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

Designed For:

Professionals who specialize in accounting specific to the media and entertainment industry

Customer Reviews

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P
Pamela N. (Wilmington, US)
Useful course

This course was very helpful and I have already found myself using what I learned to prepare, sort, and filter tables in Excel.

J
Jennifer S. (Foster, US)

Excel: Audit & Analytical Uses for Filters & Tables (AUMC)

L
Lauren V.D. (Montgomery Village, US)

Excel: Audit & Analytical Uses for Filters & Tables (AUMC)