# ASC 926-20-50: Entertainment—Films — Other Assets—Film Costs — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/926/20/#50-disclosure)

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## ASC 926-20-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/926/20/#50-disclosure)

SEC content: no

#### Film Costs

##### [926-20-50-1](https://asc.understandingaccounting.org/asc/926/20/#926-20-50-1)

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[Paragraph superseded by Accounting Standards Update No. 2019-02](https://asc.understandingaccounting.org/updates/asu-2019-02/).

##### [926-20-50-1A](https://asc.understandingaccounting.org/asc/926/20/#926-20-50-1A)

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An entity shall disclose its methods of accounting 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."), 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.

##### [926-20-50-2](https://asc.understandingaccounting.org/asc/926/20/#926-20-50-2)

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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](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.") predominantly monetized on their own and films predominantly monetized with other films and/or license agreements.

##### [926-20-50-3](https://asc.understandingaccounting.org/asc/926/20/#926-20-50-3)

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[Paragraph superseded by Accounting Standards Update No. 2019-02](https://asc.understandingaccounting.org/updates/asu-2019-02/).

##### [926-20-50-4](https://asc.understandingaccounting.org/asc/926/20/#926-20-50-4)

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[Paragraph superseded by Accounting Standards Update No. 2019-02](https://asc.understandingaccounting.org/updates/asu-2019-02/).

##### [926-20-50-4A](https://asc.understandingaccounting.org/asc/926/20/#926-20-50-4A)

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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:

[220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)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.
    

See paragraphs

[220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21)

for additional disclosure requirements.

##### [926-20-50-4B](https://asc.understandingaccounting.org/asc/926/20/#926-20-50-4B)

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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.

##### [926-20-50-4C](https://asc.understandingaccounting.org/asc/926/20/#926-20-50-4C)

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For impairment amounts recognized for films or [film groups](https://asc.understandingaccounting.org/glossary/f/#film-group "The unit of account used for impairment testing for a film or a license agreement for program material when the film or license agreement is expected to be predominantly monetized with other films and/or license agreements instead of being predominantly monetized on its own. A film group represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other films and/or license agreements."), 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:

[220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)For impairment amounts recognized for films or [film groups](https://asc.understandingaccounting.org/glossary/f/#film-group "The unit of account used for impairment testing for a film or a license agreement for program material when the film or license agreement is expected to be predominantly monetized with other films and/or license agreements instead of being predominantly monetized on its own. A film group represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other films and/or license agreements."), 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](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21)

for additional disclosure requirements.

#### Film Libraries

##### [926-20-50-5](https://asc.understandingaccounting.org/asc/926/20/#926-20-50-5)

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For acquired film libraries, an entity shall disclose the amount of remaining unamortized costs, the method of amortization, and the remaining amortization period.