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FASB enhances the accounting for episodic television series

  • FASB document Image

Mar 06, 2019

The FASB has issued an Accounting Standards Update (ASU), “Improvements to Accounting for Costs of Films and License Agreements for Program Materials.”

The ASU, which is being released in response to an EITF consensus, aligns “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.” Further, the ASU requires en­ti­ties to “re­assess es­ti­mates of the use of a film for a film in a film group and account for any changes prospec­tively.”

For more in­for­ma­tion, see the press release, ASU, and video on the FASB’s Web site.

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