Table of Contents

Chapter 1 - Accounting for Broadcasting. 1

Accounting for License Agreements. 1

Asset Derecognition Issues. 3

Presentation Issues. 3

Disclosure Issues. 3

Review Questions. 5

Chapter 2 - Accounting for Cable Television. 6

Prematurity Period Accounting Issues. 6

Cost Allocation Calculation. 7

Deprecation Issues. 8

Interest Capitalization Issues. 8

Franchise Application Costs. 8

Review Questions. 10

Chapter 3 - Accounting for Films. 11

Recognition of Film Costs. 11

Amortization of Film Costs. 11

Participation Costs. 13

Impairment Testing. 14

Ultimate Revenue. 15

Derecognition of Film Assets. 16

Overall Deal Arrangements. 16

Period Expenses. 16

Costs of Products Held for Sale. 17

Inventory Accounting Issues. 17

Presentation Issues. 17

Disclosures. 18

Review Questions. 20

Chapter 4 - Accounting for Music. 21

Licensor Accounting. 21

Royalties. 21

Record Master Costs. 21

Licensee Accounting. 21

Disclosure Issues. 22

Review Questions. 23

Answers to Chapter Questions. 24

Glossary. 28

Index. 30

 

Final Examination…………………………………………………………………………………………………32