# ASC 405-926-50: Liabilities — Entertainment—Films — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/926/#50-disclosure)

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## ASC 405-926-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/405/926/#50-disclosure)

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#### Accrued Participation Liabilities

##### [405-926-50-1](https://asc.understandingaccounting.org/asc/405/926/#405-926-50-1)

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An entity shall disclose the amount of accrued participation liabilities that it expects to pay during the upcoming operating cycle.

#### Participation Costs

##### [405-926-50-2](https://asc.understandingaccounting.org/asc/405/926/#405-926-50-2)

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An entity shall disclose its methods of accounting for [participation costs](https://asc.understandingaccounting.org/glossary/p/#participation-costs "Parties involved in the production of a film may be compensated in part by contingent payments based on the financial results of a film pursuant to contractual formulas (participations) and by contingent amounts due under provisions of collective bargaining agreements (residuals). Such parties are collectively referred to as participants, and such costs are collectively referred to as participation costs. Participations may be given to creative talent, such as actors or writers, or to entities from whom distribution rights are licensed.").