{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/926/10/","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","number":"926-10","topic":"926","title":"Overall","area":"Industry","paragraphs":5,"summary":"ASC 926-10 is the overall/scope subtopic for Entertainment—Films. It establishes that Topic 926 provides only incremental, industry-specific guidance on film costs, participation costs, and manufacturing costs for producers and distributors that own or hold rights to distribute or exploit films in any market or territory. Entities in scope must still apply all other applicable GAAP not contained in Topic 926.","concepts":["film costs","participation costs","manufacturing costs","producers and distributors","exploitation rights","markets and territories","incremental industry guidance","scope exclusions"],"categories":["Industry-specific","Recognition","Presentation"],"level":"introductory","topic_title":"Entertainment—Films","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"926-10-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
RevenueSupersededAccounting Standards Update No. 2014-0905/28/2014
926-10-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
926-10-15-3AmendedAccounting Standards Update No. 2014-0905/28/2014
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nRevenue | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |\n| | | |\n92…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f46d328f5ede133e78d98e02ba2faa675b59376fb0a93a4dfd62444aa33c6f3","downloaded_from":"2026-09-10T02:11:25.730Z","last_downloaded_at":"2026-09-10T02:11:25.730Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483168","source_sha256":"bb4b59ce1439961687708f9a076ad215669dbe74213f5016802a86b0f5d2547e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea6a1b0ddd7c3f2716bdcb360f91becb2c68c3afa94356126e5d2274e258aade","downloaded_from":"2026-09-10T02:11:25.730Z","last_downloaded_at":"2026-09-10T02:11:25.730Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483168","source_sha256":"bb4b59ce1439961687708f9a076ad215669dbe74213f5016802a86b0f5d2547e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:220767e448b610f43406f66674676de5046da23f4f922232ce33f27867744eae","downloaded_from":"2026-09-10T02:11:25.730Z","last_downloaded_at":"2026-09-10T02:11:25.730Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483168","source_sha256":"bb4b59ce1439961687708f9a076ad215669dbe74213f5016802a86b0f5d2547e"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"926-10-05-1","para":"05-1","html":"
The Entertainment—Films Topic provides accounting and reporting guidance for entities in the film production and distribution industry for film costs, participation costs, and manufacturing costs.
","snippet":"The Entertainment—Films Topic provides accounting and reporting guidance for entities in the film production and distribution industry for film costs, participation costs, and manufacturing costs.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed9942f0b9312fe039ec3dd18b4899477bfa86a5d34d7dcfe159f8515a9bb366","downloaded_from":"2026-09-10T02:11:28.929Z","last_downloaded_at":"2026-09-10T02:11:28.929Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483224","source_sha256":"8648846cf8adbe483ab593291a839ad6dee4126b91f084fd021d8e7851879177"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2a652056d88ad73f0167b0b55f3a72a11cb417e134474b5a094ba03007f2aaea","downloaded_from":"2026-09-10T02:11:28.929Z","last_downloaded_at":"2026-09-10T02:11:28.929Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483224","source_sha256":"8648846cf8adbe483ab593291a839ad6dee4126b91f084fd021d8e7851879177"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:07eebf75a27c2a3c03f261e8dba92d900bf2945e7102cb9ddb70e08486704aa8","downloaded_from":"2026-09-10T02:11:28.929Z","last_downloaded_at":"2026-09-10T02:11:28.929Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483224","source_sha256":"8648846cf8adbe483ab593291a839ad6dee4126b91f084fd021d8e7851879177"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"926-10-15-1","para":"15-1","html":"
The Subtopics within the Entertainment—Films Topic only provide incremental industry-specific guidance for the entities defined in this Scope Section, or as further defined in the Scope Section of the individual Entertainment—Films Subtopics. Entities within the scope of this Topic shall also comply with the applicable guidance not included in this Topic.
","snippet":"The Subtopics within the Entertainment—Films Topic only provide incremental industry-specific guidance for the entities defined in this Scope Section, or as further defined in the Scope Section of the individual Entertai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2cb298456c5fa2dbf48feafa11887126c3508729eebb71418b43d3d7623c9a34","downloaded_from":"2026-09-10T02:11:31.944Z","last_downloaded_at":"2026-09-10T02:11:31.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483205","source_sha256":"3fa4a82928f3f6be9108ccd8d4b6db643b75523d8917ba574e29c0be5f260627"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b58bf58854b1c7d79cf0101f2f1a41b6d8c077a13fde6cce9f9a8ac18f446462","downloaded_from":"2026-09-10T02:11:31.944Z","last_downloaded_at":"2026-09-10T02:11:31.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483205","source_sha256":"3fa4a82928f3f6be9108ccd8d4b6db643b75523d8917ba574e29c0be5f260627"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"926-10-15-2","para":"15-2","html":"
The guidance in this Topic applies to all entities that are producers or distributors that own or hold rights to distribute or exploit all kinds of films in one or more markets and territories. This Topic also applies to films exploited by the entity directly, or licensed or sold to others.
","snippet":"The guidance in this Topic applies to all entities that are producers or distributors that own or hold rights to distribute or exploit all kinds of films in one or more markets and territories. This Topic also applies to…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c292198b15d08aadb7829d0f2c3fa788aa1b73b52c7dd2ba75182ae4ab1c038f","downloaded_from":"2026-09-10T02:11:31.944Z","last_downloaded_at":"2026-09-10T02:11:31.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483205","source_sha256":"3fa4a82928f3f6be9108ccd8d4b6db643b75523d8917ba574e29c0be5f260627"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f67c32dae83daa8a4c410903b94b3643796ecefee32447339e7e440adbaf98c8","downloaded_from":"2026-09-10T02:11:31.944Z","last_downloaded_at":"2026-09-10T02:11:31.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483205","source_sha256":"3fa4a82928f3f6be9108ccd8d4b6db643b75523d8917ba574e29c0be5f260627"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"926-10-15-3","para":"15-3","html":"
The guidance in this Topic does not apply to the following transactions and activities:
  1. a
    Accounting for the creation and distribution of recorded music products. For guidance on this subject, see Topic 928.
  2. b
    Financial reporting by cable television entities. For guidance on this subject, see Topic 922.
  3. c
    Financial reporting by broadcasters. For guidance on this subject, see Topic 920.
  4. d
    Accounting for the costs of computer software to be sold, leased, or otherwise marketed. For guidance on this subject, see Topic 985.
  5. e
    Subparagraph superseded by Accounting Standards Update No. 2014-09.
  6. f
    Accounting for the film and software costs associated with developing entertainment and educational software products. For guidance on this subject, see Subtopic 720-35.
","snippet":"The guidance in this Topic does not apply to the following transactions and activities:\n(a) Accounting for the creation and distribution of recorded music products. For guidance on this subject, see Topic 928.\n(b) Financ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b5c8e8bd3af57dbc54dfa975d28384dd8642b3b6d607c70f19c13a9a5934fc4","downloaded_from":"2026-09-10T02:11:31.944Z","last_downloaded_at":"2026-09-10T02:11:31.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483205","source_sha256":"3fa4a82928f3f6be9108ccd8d4b6db643b75523d8917ba574e29c0be5f260627"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:852c1d075a1b9943007d22e8a05aef55a80e257873c11dd0ecd9f4934c26f597","downloaded_from":"2026-09-10T02:11:31.944Z","last_downloaded_at":"2026-09-10T02:11:31.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483205","source_sha256":"3fa4a82928f3f6be9108ccd8d4b6db643b75523d8917ba574e29c0be5f260627"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b36ffc2c9ba03157e41cfe8d919f5abe52012085edd4badb129250cdaa287a55","downloaded_from":"2026-09-10T02:11:31.944Z","last_downloaded_at":"2026-09-10T02:11:31.944Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483205","source_sha256":"3fa4a82928f3f6be9108ccd8d4b6db643b75523d8917ba574e29c0be5f260627"}}],"enrichment":{"summary":"ASC 926-10 is the overall/scope subtopic for Entertainment—Films. It establishes that Topic 926 provides only incremental, industry-specific guidance on film costs, participation costs, and manufacturing costs for producers and distributors that own or hold rights to distribute or exploit films in any market or territory. Entities in scope must still apply all other applicable GAAP not contained in Topic 926.","key_points":["Topic 926 provides accounting and reporting guidance for the film production and distribution industry covering film costs, participation costs, and manufacturing costs (926-10-05-1).","The Subtopics of Topic 926 give only incremental industry-specific guidance; entities in scope must also comply with applicable guidance outside the Topic (926-10-15-1).","Scope covers all producers or distributors that own or hold rights to distribute or exploit all kinds of films in one or more markets and territories, whether exploited directly or licensed or sold to others (926-10-15-2).","Excluded from scope: recorded music products (Topic 928), cable television entities (Topic 922), and broadcasters (Topic 920) (926-10-15-3(a)-(c)).","Also excluded: costs of computer software to be sold, leased, or otherwise marketed (Topic 985) and film and software costs for developing entertainment and educational software products (Subtopic 720-35) (926-10-15-3(d), (f)).","One former scope exclusion, 926-10-15-3(e), was superseded by ASU 2014-09 (the revenue recognition standard)."],"categories":["Industry-specific","Recognition","Presentation"],"audience_level":"introductory","student_note":"This subtopic is purely scope-setting: its exam value is knowing which entertainment entity applies which topic (films 926, music 928, cable 922, broadcasters 920, marketed software 985). The common misunderstanding is treating Topic 926 as a self-contained framework—it is only incremental guidance layered on top of general GAAP.","related_topics":["926-20","926-330","926-605","920","922","928"],"key_concepts":["film costs","participation costs","manufacturing costs","producers and distributors","exploitation rights","markets and territories","incremental industry guidance","scope exclusions"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e7ec8365f709a054b5c646b7b48652da774aeee7c2e690e39b0285ce1b42666","downloaded_from":"2026-09-10T02:11:25.730Z","last_downloaded_at":"2026-09-10T02:11:34.569Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"922-10","title":"Overall","topic_title":"Entertainment—Cable Television","score":0.8322,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc1b0fc8dd39c4e51f47788393490e81881f34be54d5197eb5b360912650ed3b","downloaded_from":"2026-09-10T02:10:54.487Z","last_downloaded_at":"2026-09-10T02:11:00.249Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"720-926","title":"Entertainment—Films","topic_title":"Other Expenses","score":0.8316,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b08a3a5ed488c082c4e7e497588c13eb5a5cc7c06c6138d5e522ecfa387e50de","downloaded_from":"2026-09-10T01:10:05.518Z","last_downloaded_at":"2026-09-10T01:10:20.638Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not 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timestamps"}},{"number":"928-10","title":"Overall","topic_title":"Entertainment—Music","score":0.829,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:520c3f51adc7d1e323bce2801c6499ea292010dcae74779b24e1d8b1aa5017e0","downloaded_from":"2026-09-10T02:12:12.808Z","last_downloaded_at":"2026-09-10T02:12:18.919Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"705-926","title":"Entertainment—Films","topic_title":"Cost of Sales and 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