ASC

ASC Topic 920

Entertainment—Broadcasters

IntermediateIndustry-specificIntangibles and goodwillRecognitionRevenue1 subtopics · 6 paragraphs

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ASC 920 (Entertainment—Broadcasters) provides incremental, industry-specific accounting and reporting guidance for broadcasters; the Overall subtopic (920-10) establishes the scope and organization of that guidance. Because it is incremental only, a broadcaster must also apply all other applicable GAAP outside the Topic (920-10-15-1). The Topic reaches all entities considered broadcasters and all of their transactions and activities, including network affiliation agreements (920-10-15-3), but excludes broadcasters that own the film (program material) they show, which instead follow ASC 926 Entertainment—Films (920-10-15-2). Related subtopics address Intangibles—Goodwill and Other, Liabilities, and Commitments, with several items superseded by ASU 2014-09 (920-10-05-2).

broadcastersincremental industry-specific guidancescope and scope exceptionsnetwork affiliation agreementsprogram material (film) rightsasc 926 films cross-reference

Subtopics

  1. 10Overall6 ¶

    ASC 920-10 is the Overall subtopic of the Entertainment—Broadcasters Topic, which sets out industry-specific financial accounting and reporting standards for broadcasters. It is incremental guidance only: broadcasters must also apply all other applicable GAAP (920-10-15-1). The Topic covers all entities considered broadcasters and all their transactions, including network affiliation agreements, but excludes broadcasters that own the film (program material) they show, which instead follow ASC 926 (920-10-15-2, 15-3).

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