{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/926/20/#50-disclosure","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":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Film Costs","paragraphs":[{"citation":"926-20-50-1","para":"50-1","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
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An entity shall disclose its methods of accounting for film costs, including, but not limited to, the following:
  1. a
    The method(s) used in computing amortization
  2. b
    For impairment, a description of the unit(s) of account used for impairment testing and the method(s) used for determining fair value.
","snippet":"An entity shall disclose its methods of accounting for film costs, including, but not limited to, the following:\n(a) The method(s) used in computing amortization\n(b) For impairment, a description of the unit(s) of accoun…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e5668e962b5aeb725f9dcdfa7c89c26057c81cea021ed411faa34984f12f13d","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}},{"citation":"926-20-50-2","para":"50-2","html":"
An entity shall disclose the components of film costs (including released, completed and not released, in production, or in development or preproduction) separately for films predominantly monetized on their own and films predominantly monetized with other films and/or license agreements.
","snippet":"An entity shall disclose the components of film costs (including released, completed and not released, in production, or in development or preproduction) separately for films predominantly monetized on their own and film…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c001396a5237c6ad1cc33fc7b0f44f4c67c10ee19dd5e3127043126096de9811","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}},{"citation":"926-20-50-3","para":"50-3","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
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Paragraph superseded by Accounting Standards Update No. 2019-02.
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An entity shall disclose the following information in the financial statements or in the notes to financial statements for each period for which a statement of financial performance is presented:
  1. a
    The aggregate amortization expense for each period, separately for films predominantly monetized on their own and films predominantly monetized with other films and/or license agreements
  2. b
    The caption in the income statement where the amortization is recorded.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An entity shall disclose the following information in the financial statements or in the notes to financial statements for each period for which a statement of financial performance is presented:
  1. a
    The aggregate amortization expense for each period, separately for films predominantly monetized on their own and films predominantly monetized with other films and/or license agreements
  2. b
    The caption in the income statement where the amortization is recorded.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
","snippet":"An entity shall disclose the following information in the financial statements or in the notes to financial statements for each period for which a statement of financial performance is presented:\n(a) The aggregate amorti…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47431127bdebfcbc6bf9d0cc4d06dbfe56f3d1b34d614d9d253db7b90259c61b","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}},{"citation":"926-20-50-4B","para":"50-4B","html":"
For the most recent annual period for which a statement of financial position is presented, an entity shall disclose the following in the notes to financial statements, separately for films predominantly monetized on their own and for films predominantly monetized with other films and/or license agreements:
  1. a
    For completed and not released films, the portion of the costs of completed films that an entity expects to amortize during the upcoming operating cycle. An operating cycle is presumed to be 12 months. An entity shall disclose its operating cycle if it is other than 12 months.
  2. b
    For released films, the portion of the costs of released films recognized at the date of the most recent statement of financial position that an entity expects to amortize within each of the next three operating cycles.
","snippet":"For the most recent annual period for which a statement of financial position is presented, an entity shall disclose the following in the notes to financial statements, separately for films predominantly monetized on the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8874e854c8d3fcc07b18f80287a71a9fd184f011ec7c5767fb728c4bf72d47c3","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}},{"citation":"926-20-50-4C","para":"50-4C","html":"
For impairment amounts recognized for films or film groups, an entity shall disclose the following information in the notes to financial statements that include the period in which the impairment is recognized:
  1. a
    A general description of the facts and circumstances leading to the impairment
  2. b
    The aggregate amount of impairment losses
  3. c
    The caption in the income statement where the impairment losses are recorded
  4. d
    If applicable, the segment(s) under Topic 280 where the impairment losses are recorded.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For impairment amounts recognized for films or film groups, an entity shall disclose the following information in the notes to financial statements that include the period in which the impairment is recognized:
  1. a
    A general description of the facts and circumstances leading to the impairment
  2. b
    The aggregate amount of impairment losses
  3. c
    The caption in the income statement where the impairment losses are recorded
  4. d
    If applicable, the segment(s) under Topic 280 where the impairment losses are recorded.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
","snippet":"For impairment amounts recognized for films or film groups, an entity shall disclose the following information in the notes to financial statements that include the period in which the impairment is recognized:\n(a) A gen…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d38c3d78e280c17c60594467e00515951232e36a20bc1063e346e67e7b59b68","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d76940d8b50282db00df3b8aebb1bd73b85fa83e6f26cf7a2688cb7baf1da47","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}},{"block":null,"heading":"Film Libraries","paragraphs":[{"citation":"926-20-50-5","para":"50-5","html":"
For acquired film libraries, an entity shall disclose the amount of remaining unamortized costs, the method of amortization, and the remaining amortization period.
","snippet":"For acquired film libraries, an entity shall disclose the amount of remaining unamortized costs, the method of amortization, and the remaining amortization period.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:532eaf1443369af6685e5539c6ccbc2d090f392450b52eec20d466f1fcf0cc35","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5cc290925c5eecf7384787dca3bb3ad4a62ffa8ea0719c23a9492ab61dc831db","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:558b53f3bc0f3ac4d7e73dbadf4989601bfa472cb3b105b3a3e08cdf67a02bdc","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:558b53f3bc0f3ac4d7e73dbadf4989601bfa472cb3b105b3a3e08cdf67a02bdc","downloaded_from":"2026-09-10T02:12:01.077Z","last_downloaded_at":"2026-09-10T02:12:01.077Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483154","source_sha256":"9f0dd25cd1dfb198d045580dec60520342d38a0650105fb110629862241acb26"}}