Entertainment Industry Accounting (Course Id 1340)

New / QAS / Registry

Author :	Steven Bragg, CPA
Status :	Production
CPE Credits :	1.0
IRS Credits :	0
Price :	$12.95
Passing Score :	70%
NASBA Technical:	Yes
Primary Subject-Field Of Study:	Accounting - Accounting for Course Id 1340
Description :	A number of accounting standards are targeted at the entertainment industry, requiring businesses to follow specific rules for license agreements, the buildout of cable systems, film costs, music licensing, and more. Entertainment Industry Accounting covers these accounting requirements, along with related presentation and disclosure topics, with the intent of clarifying how specific transactions are to be handled. This course covers the accounting for broadcasting, cable television, films, and music.
Usage Rank :	0
Release :
Version :	2018
Prerequisites :	None.
Experience Level :	Overview
Additional Contents :	Complete, no additional material needed.
Additional Links :	What is a Corporate Entertainment Accountant?
Advance Preparation :	None.
Delivery Method :	Self-Study
Intended Participants :	Anyone needing Continuing Professional Education (CPE).
Revision Date :	25-Apr-2018
NASBA Course Declaration :	Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :	NASBA QAS - NASBA Registry - 1340
Keywords :	Accounting, Entertainment, Industry, Accounting, cpe, cpa, online course
Learning Objectives :	Course Learning Objectives Recognize the circumstances under which a license agreement is recognized in the accounting records of a broadcaster. Note the requirements for capitalizing interest when building out a cable television system. Cite the characteristics of the various costs incurred during the production and release of a film. Describe the indicators that point toward the impairment of a film asset. Note the proper accounting for a record master. Chapter 1 Accounting for Broadcasting Recognize the circumstances under which a license agreement is recognized in the accounting records of a broadcaster. Chapter 2 Accounting for Cable Television Note the requirements for capitalizing interest when building out a cable television system. Chapter 3 Accounting for Films Cite the characteristics of the various costs incurred during the production and release of a film. Describe the indicators that point toward the impairment of a film asset. Chapter 4 Accounting for Music Note the proper accounting for a record master.
Course Contents :	Chapter 1 - Accounting for Broadcasting Accounting for License Agreements Asset Derecognition Issues Presentation Issues Disclosure Issues Review Questions Chapter 2 - Accounting for Cable Television Prematurity Period Accounting Issues Cost Allocation Calculation Deprecation Issues Interest Capitalization Issues Franchise Application Costs Review Questions Chapter 3 - Accounting for Films Recognition of Film Costs Amortization of Film Costs Participation Costs Impairment Testing Ultimate Revenue Derecognition of Film Assets Overall Deal Arrangements Period Expenses Costs of Products Held for Sale Inventory Accounting Issues Presentation Issues Disclosures Review Questions Chapter 4 - Accounting for Music Licensor Accounting Royalties Record Master Costs Licensee Accounting Disclosure Issues Review Questions Glossary

CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses

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Entertainment Industry Accounting (Course Id 1340)

Accounting - Accounting for Course Id 1340

NASBA QAS - NASBA Registry - 1340