In March 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2019-02, Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—Intangibles— Goodwill and Other (Subtopic 920-350): Improvements to Accounting for Costs of Films and License Agreements for Program Materials.
ASU 2019-02 Enables Media Companies to Improve Accounting Alignment for TV Shows and Streaming Content
Podcast- How ASU 2019-02 Impacts Media Assets Capitalization, Depreciation, Amortization and other Accounting Issues
Listen to the latest episode of Bramasol’s Insights to Action Podcast Series. In this episode, you will get to hear about the impacts of ASU 2019-02, which significantly changes how media companies will capitalize, depreciate, amortize and disclose their accounting for episodic media assets, such as TV shows and streaming content.