{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/926/20/#05-overview-and-background","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.","topic":"926","topic_title":"Entertainment—Films","subtopic":"926-20","subtopic_title":"Other Assets—Film Costs","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"926-20-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_E01543A0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic provides accounting guidance on the capitalization and amortization of the costs incurred by entities in the film production and distribution industry to produce and distribute the <a href=\"/glossary/f/#films\" class=\"term\" title=\"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.\"><span>films</span></a>. Those costs are referred to as <a href=\"/glossary/f/#film-costs\" class=\"term\" title=\"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.\"><span>film costs</span></a>. </span></span></div></div>","snippet":"This Subtopic provides accounting guidance on the capitalization and amortization of the costs incurred by entities in the film production and distribution industry to produce and distribute the films. Those costs are re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:471ef0c5fde2779cb930daa2bd2a93c36860d55d440fdc26956d47139e42a30e","downloaded_from":"2026-09-10T02:11:40.039Z","last_downloaded_at":"2026-09-10T02:11:40.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483223","source_sha256":"602506b9a12b602878dcddcd2b5cc3775bac3b7596621d2384cbdde3e7086dcc"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af3e06fd937c6f069d86a613e85068db0fdfa62a5c7e7ad19c241b6125dd66f8","downloaded_from":"2026-09-10T02:11:40.039Z","last_downloaded_at":"2026-09-10T02:11:40.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483223","source_sha256":"602506b9a12b602878dcddcd2b5cc3775bac3b7596621d2384cbdde3e7086dcc"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4a6fcd5ef5ec4d050fd12b686b4b99a7ff26c2c8303b7a9b35190bf88389b62","downloaded_from":"2026-09-10T02:11:40.039Z","last_downloaded_at":"2026-09-10T02:11:40.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483223","source_sha256":"602506b9a12b602878dcddcd2b5cc3775bac3b7596621d2384cbdde3e7086dcc"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4a6fcd5ef5ec4d050fd12b686b4b99a7ff26c2c8303b7a9b35190bf88389b62","downloaded_from":"2026-09-10T02:11:40.039Z","last_downloaded_at":"2026-09-10T02:11:40.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483223","source_sha256":"602506b9a12b602878dcddcd2b5cc3775bac3b7596621d2384cbdde3e7086dcc"}}