# ASC 330-926: Inventory — Entertainment—Films

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/330/926/)

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## ASC 330-926: Inventory — Entertainment—Films

### Machine-generated study aids

```json
{
  "summary": "This subtopic applies inventory accounting to film production and distribution entities that hold physical products for sale, such as videocassettes and digital video discs. Its core rule is that at each balance sheet date the entity must evaluate these product inventories for net realizable value and obsolescence exposure and record appropriate adjustments (330-926-35-1). Scope follows the Entertainment—Films Overall Subtopic scope in Section 926-10-15.",
  "key_points": [
    "The Subtopic covers accounting for inventories of tangible products, such as videocassettes and video discs, carried by film production and distribution entities (330-926-05-1).",
    "Scope and scope exceptions are the same as those in the Entertainment—Films Overall Subtopic, Section 926-10-15 (330-926-15-1).",
    "At each balance sheet date, inventories of products held for sale must be evaluated for net realizable value and for obsolescence exposures (330-926-35-1).",
    "Adjustments must be recorded as necessary based on that evaluation (330-926-35-1)."
  ],
  "categories": [
    "Subsequent measurement",
    "Inventory and PP&E",
    "Industry-specific",
    "Impairment"
  ],
  "audience_level": "intermediate",
  "student_note": "This is a short industry-specific overlay: it tells you that a film entity's physical media inventory is measured like ordinary inventory (NRV plus obsolescence), not under the film cost capitalization and amortization model. The common confusion is mixing up film costs (capitalized under 926-20) with videocassette/DVD product inventory held for sale, which is governed here and by ASC 330.",
  "related_topics": [
    "330-10",
    "926-10",
    "926-20",
    "926-605"
  ],
  "key_concepts": [
    "inventories of products held for sale",
    "net realizable value",
    "obsolescence exposure",
    "balance sheet date evaluation",
    "film distribution",
    "physical media inventory"
  ]
}
```

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## ASC 330-926-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/330/926/#05-overview-and-background)

SEC content: no

##### [330-926-05-1](https://asc.understandingaccounting.org/asc/330/926/#330-926-05-1)

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This Subtopic presents accounting standards for entities in the film production and distribution industry that carry inventories of products such as videocassettes and video discs.

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## ASC 330-926-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/330/926/#15-scope-and-scope-exceptions)

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#### Overall Guidance

##### [330-926-15-1](https://asc.understandingaccounting.org/asc/330/926/#330-926-15-1)

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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 926-10-15.

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## ASC 330-926-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/330/926/#35-subsequent-measurement)

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#### Products Held for Sale

##### [330-926-35-1](https://asc.understandingaccounting.org/asc/330/926/#330-926-35-1)

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An entity shall, at each balance sheet date, evaluate inventories of products held for sale, such as videocassettes and digital video discs, for net realizable value and obsolescence exposures, with appropriate adjustments recorded as necessary.