Technical Line - How the new revenue standard will affect media and entertainment entities

10 Jul 2020 PDF
Subject AccountingLink
Publications Technical Line

Overview

Our Technical Line highlights key implications of the new revenue standard for media and entertainment entities. This publication has been updated to address implementation issues such as the accounting for a sports team’s or league’s broadcast revenue, sponsorship revenue and the accounting for renewals of licenses of intellectual property. It supplements our Financial reporting developments publication, Revenue from contracts with customers (ASC 606), and should be read in conjunction with it.

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