Читать книгу Annual Accounting and Auditing Workshop - Kurt Oestriecher - Страница 109

This standard removes the content distinction for capitalization, which effectively aligns accounting for the production costs of an episodic television series with those of a film production.

The standard also requires that an entity test a film or license agreement for program material that is capitalized in accordance with ASC 920-350 for impairment at a film group level when a film or license agreement is predominately monetized with other films and/or license agreement. A film group is the lowest level at which identifiable cash flows are largely independent of the cash flows from other films and/or license agreements.

The standard requires an entity to write off unamortized film costs when a film is substantively abandoned.

The standard requires an entity to provide disclosures about content that is either produced or licensed and also addresses certain items related to classification in the statement of cash flows.