# ASC 926-10: Entertainment—Films — Overall Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/926/10/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T02:11:25.730Z to 2026-09-10T02:11:34.569Z Record version: sha256:31dee99db1e73f58c622fdc863ad20c47eb8ce3acce5df9982710e59fc0fd9e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 926-10: Entertainment—Films — Overall ### Machine-generated study aids ```json { "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software products (Subtopic 720-35) (926-10-15-3(d), (f)).", "One former scope exclusion, 926-10-15-3(e), was superseded by ASU 2014-09 (the revenue recognition standard)."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" ] } ``` Source downloaded (UTC): 2026-09-10T02:11:25.730Z to 2026-09-10T02:11:25.730Z Record version: sha256:220767e448b610f43406f66674676de5046da23f4f922232ce33f27867744eae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 926-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/926/10/#00-status) SEC content: no ##### [926-10-00-1](https://asc.understandingaccounting.org/asc/926/10/#926-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:25.730Z to 2026-09-10T02:11:25.730Z Record version: sha256:0f46d328f5ede133e78d98e02ba2faa675b59376fb0a93a4dfd62444aa33c6f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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
Source downloaded (UTC): 2026-09-10T02:11:28.929Z to 2026-09-10T02:11:28.929Z Record version: sha256:07eebf75a27c2a3c03f261e8dba92d900bf2945e7102cb9ddb70e08486704aa8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 926-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/926/10/#05-overview-and-background) SEC content: no ##### [926-10-05-1](https://asc.understandingaccounting.org/asc/926/10/#926-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:28.929Z to 2026-09-10T02:11:28.929Z Record version: sha256:ed9942f0b9312fe039ec3dd18b4899477bfa86a5d34d7dcfe159f8515a9bb366 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Entertainment—Films Topic provides accounting and reporting guidance for entities in the [film](https://asc.understandingaccounting.org/glossary/f/#films "Feature films, television specials, television series, or similar products (including animated films and television programming) that are sold, licensed, or exhibited, whether produced on film, video tape, digital, or other video recording format.") production and distribution industry for [film costs](https://asc.understandingaccounting.org/glossary/f/#film-costs "Film costs include all direct negative costs incurred in the physical production of a film, as well as allocations of production overhead and capitalized interest in accordance with Topic 835. Examples of direct negative costs include costs of story and scenario; compensation of cast, directors, producers, extras, and miscellaneous staff; costs of set construction and operations, wardrobe, and accessories; costs of sound synchronization; rental facilities on location; and postproduction costs such as music, special effects, and editing."), [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."), and manufacturing costs. Source downloaded (UTC): 2026-09-10T02:11:31.944Z to 2026-09-10T02:11:31.944Z Record version: sha256:b36ffc2c9ba03157e41cfe8d919f5abe52012085edd4badb129250cdaa287a55 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 926-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/926/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [926-10-15-1](https://asc.understandingaccounting.org/asc/926/10/#926-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:31.944Z to 2026-09-10T02:11:31.944Z Record version: sha256:2cb298456c5fa2dbf48feafa11887126c3508729eebb71418b43d3d7623c9a34 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Subtopics within the Entertainment—[Films](https://asc.understandingaccounting.org/glossary/f/#films "Feature films, television specials, television series, or similar products (including animated films and television programming) that are sold, licensed, or exhibited, whether produced on film, video tape, digital, or other video recording format.") 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. #### Entities ##### [926-10-15-2](https://asc.understandingaccounting.org/asc/926/10/#926-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:31.944Z to 2026-09-10T02:11:31.944Z Record version: sha256:c292198b15d08aadb7829d0f2c3fa788aa1b73b52c7dd2ba75182ae4ab1c038f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/m/#market "A distribution channel within a certain territory. Examples of markets include theatrical exhibition, home video, pay television, free television, and the licensing of film-related products.") and territories. This Topic also applies to films exploited by the entity directly, or licensed or sold to others. #### Transactions ##### [926-10-15-3](https://asc.understandingaccounting.org/asc/926/10/#926-10-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:11:31.944Z to 2026-09-10T02:11:31.944Z Record version: sha256:7b5c8e8bd3af57dbc54dfa975d28384dd8642b3b6d607c70f19c13a9a5934fc4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/updates/asu-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.