Conservative accounting on H'wood ledger

Dawes, Amy
April 1995
Variety;4/3/95, Vol. 358 Issue 9, pF7
Trade Publication
Reports on the need for a more conservative approach in bookkeeping in the motion picture industry. Reforms as result of voluntary effort on the part of the industry; Effects of rule on film costs related to ultimate gross revenues; Reforms' exclusion of revenues from new technologies; Goal of providing a more consistent and reliable profit picture.


Related Articles

  • New cooks cast eye on studio books. Sandler, Adam // Variety;11/25/96, Vol. 365 Issue 4, p9 

    Reports that a task force of public accountants, studio finance executives plans to develop accounting standards for the movie industry in the United States. Changes in the existing accounting practices of movie studios; Capitalization of exploitation costs; Industry observers' comments.

  • Lights, Action! New Accounting for Films.  // Practical Accountant;Aug2000, Vol. 33 Issue 8, p30 

    Reports on the set of accounting rules jointly established by the American Institute of Certified Public Accountants and the Financial Accounting Standards Board for the motion picture industry of the United States. Necessity of the rules due to the technological changes affecting the...

  • FASB Approves Film SOP.  // Practical Accountant;Jul2000, Vol. 33 Issue 7, p34 

    Reports on the Financial Accounting Standards Board's decision not to object to the issuance of the American Institute of Certified Public Accountants' Statement of Position, `Accounting by Producers or Distributors of Films' in the United States.

  • Financial Reporting.  // Accountancy;Jul2007, Vol. 140 Issue 1367, p79 

    The article offers news briefs related to financial reporting. The Accounting Standards Board will issue an interpretation of principles for financial reporting for public benefit entities. A report by accounting firm Grant Thornton International suggests improvement in accounting in the British...

  • Hollywood profits: Gone with the wind? Cheatham, Carole; Davis, Dorothy A. // CPA Journal;Feb96, Vol. 66 Issue 2, p32 

    Focuses on the accounting style of film studios in the United States. Lawsuits against film studios; Major items of cost in a motion picture; Understatement of film revenues; Standards that cover the film industry.

  • The net profits puzzle. Goldberg, Victor P. // Columbia Law Review;Mar1997, Vol. 97 Issue 2, p524 

    Discusses the use of `net profits' in the movie business in the United States. Perception that Hollywood accounting results in successful films show no net profit; Contention that a successful movie will fail to yield net profits only if a `gross participant' becomes associated with the film.

  • Accounting Changes for the Film Industry. Levine, Marc H.; Siegel, Joel G. // CPA Journal;Oct2001, Vol. 71 Issue 10, p32 

    Outlines the accounting requirements for revenue recognition, cost and expense reporting and disclosures in the motion picture industry. Conditions to be met in recognizing revenue from the sale or licensing of a film; Persuasive evidence of a sale or licensing arrangement with a customer;...

  • Accounting, Hollywood-style. CARVELL, TIM // Fortune;11/11/1996, Vol. 134 Issue 9, p48 

    Looks at accounting practices in Hollywood. How studio accounting procedures and the stars' salaries skim off large portions of the gross profits of a movie; Documentation of accounting procedures for the movie `Indecent Proposal'; View of net profits.

  • H'W'D BURNS AS FEDS FIDDLE. Amdur, Meredith // Variety;7/29/2002, Vol. 387 Issue 10, p1 

    Presents the results of the survey conducted by the periodical 'Variety' on the problem areas that media companies should focus into to avoid U.S. government scrutiny on their corporation reports. Discussion of company reporting; Information on hidden liabilities; Description of accounting issues.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics