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Wiley GAAP 2013: Interpretation and Application of Generally Accepted Accounting Principles by Joanne M. Flood

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CHAPTER 33

SPECIALIZED INDUSTRY GAAP

CONTRACTORS—FEDERAL GOVERNMENT

Perspective and Issues

Definitions of Terms

Concepts, Rules, and Examples

Renegotiation

Terminated Defense Contracts

ENTERTAINMENT—BROADCASTERS

Perspective and Issues

Definitions of Terms

Concepts, Rules, and Examples

Accounting for License Agreements

Amortizing Capitalized Costs

Accounting for Network Affiliation Agreements

Accounting for Barter Transactions

Reporting and Disclosure

ENTERTAINMENT—CABLE TELEVISION

Perspective and Issues

Definitions of Terms

Concepts, Rules, and Examples

Accounting during the Prematurity Period

Amortization

Amortizable life for portions built at different times

Installation revenues and costs

Franchise application costs

Impairment

ENTERTAINMENT—CASINOS

Perspective and Issues

Definitions of Terms

Concepts, Rules, and Examples

ENTERTAINMENT—FILM

Perspective and Issues

Definitions of Terms

Concepts, Rules, and Examples

Revenue Recognition

Persuasive evidence of an arrangement

Delivery

Commencement of exploitation

Fixed or determinable arrangement fee

Barter revenue

Modifications of arrangements

Product licensing

Present value

Costs and Expenses—Components

Film costs

Participation costs

Exploitation costs

Manufacturing costs

Costs and Expenses—Amortization of Film Costs and Accrual of Participation Costs

Ultimate revenue

Ultimate participation costs

Valuation of Unamortized Film Costs

Subsequent events

ENTERTAINMENT—MUSIC

Perspective and Issues

Definitions of Terms

Concepts, Rules, ...

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