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
Fri, Apr 10, 2020 @ 06:35 AM / by David Fellers posted in CEO perspective, Thought Leadership, ASU 2019-02
Podcast- How ASU 2019-02 Impacts Media Assets Capitalization, Depreciation, Amortization and other Accounting Issues
Thu, Mar 26, 2020 @ 04:50 AM / by David Fellers posted in SAP, Compliance, podcasts, ASU 2019-02
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.