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FASB proposes enhancements to the accounting for episodic television series

  • FASB document Image

Nov 07, 2018

The FASB has issued a proposed Accounting Standards Update (ASU), “Improvements to Accounting for Costs of Films and License Agreements for Program Materials,” in response to the EITF’s consensus-for-exposure on Issue 18-B.

The pro­posed ASU would “align the accounting for production costs of an episodic television series with the accounting for production costs of films by removing the content distinction for capitalization” and would require entities to “reassess estimates of the use of a film for a film in a film group and account for any changes prospectively.”

Com­ments on the pro­posed ASU are due by December 7, 2018. For more in­for­ma­tion, see the press release and pro­posed ASU on the FASB’s Web site.

On November 8, 2018, the FASB issued for comment Proposed Taxonomy Improvements related to this proposed ASU. Comments on the proposed taxonomy improvements are due by December 7, 2018.

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