{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/926/20/","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":"926-20","topic":"926","title":"Other Assets—Film Costs","area":"Industry","paragraphs":69,"summary":"ASC 926-20 governs how film production and distribution entities capitalize, amortize, impair, and disclose film costs, which must be reported as a separate asset on the balance sheet (926-20-25-1). Films predominantly monetized on their own are amortized by the individual-film-forecast-computation method — current-period revenue over remaining unrecognized ultimate revenue as of the beginning of the fiscal year (926-20-35-1) — while films in a film group are expensed based on a reasonably reliable estimate of the film's use (926-20-35-2). Unamortized film costs are written down to fair value when triggering events indicate impairment, and such write-downs may never be restored (926-20-35-13).","concepts":["film costs","individual-film-forecast-computation method","ultimate revenue","film group","predominant monetization strategy","production overhead","participation costs","impairment write-down to fair value"],"categories":["Subsequent measurement","Impairment","Industry-specific","Disclosure"],"level":"intermediate","topic_title":"Entertainment—Films","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"926-20-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
Film GroupAddedAccounting Standards Update No. 2019-0203/06/2019
Initial MarketSupersededAccounting Standards Update No. 2019-0203/06/2019
RevenueSupersededAccounting Standards Update No. 2014-0905/28/2014
Secondary MarketsSupersededAccounting Standards Update No. 2019-0203/06/2019
Significant ChangesSupersededAccounting Standards Update No. 2019-0203/06/2019
Significant Changes to a FilmAddedAccounting Standards Update No. 2019-0203/06/2019
Spot RateAddedAccounting Standards Update No. 2014-0603/14/2014
926-20-25-6SupersededAccounting Standards Update No. 2019-0203/06/2019
926-20-25-6AmendedAccounting Standards Update No. 2014-0905/28/2014
926-20-25-7SupersededAccounting Standards Update No. 2019-0203/06/2019
926-20-25-8AmendedAccounting Standards Update No. 2019-0203/06/2019
926-20-35-1AmendedAccounting Standards Update No. 2019-0203/06/2019
926-20-35-1AmendedAccounting Standards Update No. 2014-0905/28/2014
926-20-35-2AmendedAccounting Standards Update No. 2019-0203/06/2019
926-20-35-3A through 35-3C
AddedAccounting Standards Update No. 2019-0203/06/2019
926-20-35-4AmendedAccounting Standards Update No. 2019-0203/06/2019
926-20-35-5AmendedAccounting Standards Update No. 2014-0905/28/2014
926-20-35-6AmendedAccounting Standards Update No. 2014-0905/28/2014
926-20-35-7AmendedAccounting Standards Update No. 2014-0603/14/2014
926-20-35-9 through 35-11
SupersededAccounting Standards Update No. 2019-0203/06/2019
926-20-35-12AmendedAccounting Standards Update No. 2019-0203/06/2019
926-20-35-12AmendedAccounting Standards Update No. 2012-0710/24/2012
926-20-35-12AAddedAccounting Standards Update No. 2019-0203/06/2019
926-20-35-12BAddedAccounting Standards Update No. 2019-0203/06/2019
926-20-35-13 through 35-17
AmendedAccounting Standards Update No. 2019-0203/06/2019
926-20-35-14AmendedAccounting Standards Update No. 2014-0905/28/2014
926-20-35-18SupersededAccounting Standards Update No. 2012-0710/24/2012
926-20-35-19AddedAccounting Standards Update No. 2019-0203/06/2019
926-20-40-4SupersededAccounting Standards Update No. 2019-0203/06/2019
926-20-40-4AmendedAccounting Standards Update No. 2014-0905/28/2014
926-20-40-5AddedAccounting Standards Update No. 2019-0203/06/2019
926-20-45-1SupersededAccounting Standards Update No. 2019-0203/06/2019
926-20-45-2AddedAccounting Standards Update No. 2019-0203/06/2019
926-20-50-1SupersededAccounting Standards Update No. 2019-0203/06/2019
926-20-50-1AAddedAccounting Standards Update No. 2019-0203/06/2019
926-20-50-2AmendedAccounting Standards Update No. 2019-0203/06/2019
926-20-50-3SupersededAccounting Standards Update No. 2019-0203/06/2019
926-20-50-4SupersededAccounting Standards Update No. 2019-0203/06/2019
926-20-50-4AAmendedAccounting Standards Update No. 2024-0311/04/2024
926-20-50-4A through 50-4C
AddedAccounting Standards Update No. 2019-0203/06/2019
926-20-50-4CAmendedAccounting Standards Update No. 2024-0311/04/2024
926-20-55-2 through 55-4
AmendedAccounting Standards Update No. 2014-0905/28/2014
926-20-55-6 through 55-8
AmendedAccounting Standards Update No. 2014-0905/28/2014
926-20-55-9 through 55-11
SupersededAccounting Standards Update No. 2019-0203/06/2019
926-20-55-12 through 55-15
AmendedAccounting Standards Update No. 2019-0203/06/2019
926-20-55-13 through 55-15
AmendedAccounting Standards Update No. 2014-0905/28/2014
926-20-65-1AddedAccounting Standards Update No. 2012-0710/24/2012
926-20-65-2AddedAccounting Standards Update No. 2019-0203/06/2019
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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 referred to as film costs.
","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"}},{"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":"926-20-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 926-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 926-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4d4f7588c32cff3dd2413ed664cc1f7851f48f93cd4b45719b1e132d8309733","downloaded_from":"2026-09-10T02:11:43.106Z","last_downloaded_at":"2026-09-10T02:11:43.106Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483199","source_sha256":"7c46c369ad7b550dc6e8c0c75d04f9e55f5db8ca1ed8ea0d5e05bd9bda8a9ece"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37bbfd1e5ea18dfbc42170a0b880b6d54d53840ae9cb00d0fd82cb25cbf74230","downloaded_from":"2026-09-10T02:11:43.106Z","last_downloaded_at":"2026-09-10T02:11:43.106Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483199","source_sha256":"7c46c369ad7b550dc6e8c0c75d04f9e55f5db8ca1ed8ea0d5e05bd9bda8a9ece"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fde46e40ce6e849ed4d9bc99bfaa1d6e167a159182af96202c0d82e96ba8eb5","downloaded_from":"2026-09-10T02:11:43.106Z","last_downloaded_at":"2026-09-10T02:11:43.106Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483199","source_sha256":"7c46c369ad7b550dc6e8c0c75d04f9e55f5db8ca1ed8ea0d5e05bd9bda8a9ece"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Film Costs Capitalization","paragraphs":[{"citation":"926-20-25-1","para":"25-1","html":"
An entity shall report film costs as a separate asset on its balance sheet.
","snippet":"An entity shall report film costs as a separate asset on its balance sheet.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da7fcaf2c24be477ec582638666ad8bf76a72c5a5d8d21e3680c41f875c16a9a","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84ffdadffa733520b0e89f1614ae8449370435f1916832df03a953ca82a6ff34","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}},{"block":null,"heading":"Production Overhead","paragraphs":[{"citation":"926-20-25-2","para":"25-2","html":"
Production overhead is a component of film costs. It includes allocable costs of individuals or departments with exclusive or significant responsibility for the production of films. Production overhead shall not include administrative and general expenses, the costs of certain overall deals, as discussed in paragraph 926-20-25-4, or charges for losses on properties sold or abandoned, as discussed in paragraphs
926-20-40-1 through 40-3
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","snippet":"Production overhead is a component of film costs. It includes allocable costs of individuals or departments with exclusive or significant responsibility for the production of films. Production overhead shall not include …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd24034389394ad5187ba35132fceb7b2a291543d4e3b0dbe8f557332240eabb","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b93534b7654ed933a7b1094e8920dd327cd65629b79a65642d3b06453c7da1e5","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}},{"block":null,"heading":"Overall Deals","paragraphs":[{"citation":"926-20-25-3","para":"25-3","html":"
An entity may enter into an arrangement known as an overall deal.
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An entity shall record a reasonable proportion of costs of overall deals as specific project film costs to the extent those costs are directly related to the acquisition, adaptation, or development of specific projects. If related to properties as discussed in paragraphs
926-20-40-1 through 40-3
, an entity shall include such amounts in the cost of properties subject to the periodic review. An entity shall not allocate to specific project film costs amounts that it had previously expensed.
","snippet":"An entity shall record a reasonable proportion of costs of overall deals as specific project film costs to the extent those costs are directly related to the acquisition, adaptation, or development of specific projects. …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a2a3b4df24e156217ca4771784956f27aff89da500c18119482e1eece6af2ad3","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86ed34d57ff5f137ecf268497c8067ac69a7cf77361962e4676ed0061a353ff9","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}},{"block":null,"heading":"Rights to Film Properties","paragraphs":[{"citation":"926-20-25-5","para":"25-5","html":"
Film costs ordinarily include expenditures for properties (such as film rights to books, stage plays, or original screenplays) that generally must be adapted to serve as the basis for the production of a particular film. An entity will add the cost of adaptation or development to the cost of the particular property.
","snippet":"Film costs ordinarily include expenditures for properties (such as film rights to books, stage plays, or original screenplays) that generally must be adapted to serve as the basis for the production of a particular film.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ba2430ef0e42995de8f5b82811cd6b3ef6ff5e70c5c6a13191398cb9f8204a0","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}},{"citation":"926-20-25-6","para":"25-6","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
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Paragraph superseded by Accounting Standards Update No. 2019-02.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7249f70a24ac5fb7d6bf4e2247b1a590e10a309f5156f517107aaed74c047e53","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4e7f7487e77065c247f7a85456d90d0ee60c1b334683f40e3741c5430e8f2483","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}},{"block":null,"heading":"Significant Changes to a Film","paragraphs":[{"citation":"926-20-25-8","para":"25-8","html":"
The costs incurred for significant changes to a film shall be added to film costs and subsequently charged to expense when an entity recognizes the related revenue.
","snippet":"The costs incurred for significant changes to a film shall be added to film costs and subsequently charged to expense when an entity recognizes the related revenue.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:25c91cfab5d51702ec724f2416171d898305d27c1d1842430b5e66f5804e221c","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}},{"citation":"926-20-25-9","para":"25-9","html":"
Mere insertion or addition of preexisting film footage, addition of dubbing or subtitles (which by definition is done to existing footage), removal of offensive language, reformatting of a film to fit a broadcaster's screen dimensions, and adjustments to allow for the insertion of commercials are all examples of changes to a film that are not significant.
","snippet":"Mere insertion or addition of preexisting film footage, addition of dubbing or subtitles (which by definition is done to existing footage), removal of offensive language, reformatting of a film to fit a broadcaster's scr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d1cd071df648d0a0448c855c6cab283002fb2ad33d2d644e7ff2f03e804b311","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61b051edf910a017921287178198f84a7c75b9ee393bfe377d998050685fddf3","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2e3e4ace7c7ce04b0abcdba900029c581a41eb724128f8cf46c07d1c6e7645c","downloaded_from":"2026-09-10T02:11:48.859Z","last_downloaded_at":"2026-09-10T02:11:48.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483149","source_sha256":"9d716cd15eb7605d1f15c93e581f66b4c982668354d9313c37ad6bf4c805d3d3"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Film Costs Amortization","paragraphs":[{"citation":"926-20-35-1","para":"35-1","html":"
For a film that is predominantly monetized on its own, an entity shall amortize film costs using the individual-film-forecast-computation method, which amortizes such costs in the same ratio that current period actual revenue (numerator) bears to estimated remaining unrecognized ultimate revenue as of the beginning of the current fiscal year (denominator). In this way, in the absence of changes in estimates, film costs are amortized in a manner that yields a constant rate of profit over the ultimate period, as described in paragraph 926-20-35-5(a), for each film before exploitation costs, manufacturing costs, and other period expenses. Unamortized film costs as of the beginning of the current fiscal year are multiplied by the individual-film-forecast-computation method fraction. That is, an entity shall begin amortization of capitalized film costs when a film is released and it begins to recognize revenue from that film. For more information, see Example 1 (paragraph 926-20-55-1). For a film that is predominantly monetized on its own but also monetized with other films and/or license agreements, an entity shall make a reasonably reliable estimate of the value attributable to the film's exploitation while monetized with other films and/or license agreements for inclusion in its individual-film-forecast computation. For purposes of applying the individual-film-forecast-computation method to episodic television series, multiple seasons of an episodic television series are considered to be a single product. For more information, see Example 4 (paragraph 926-20-55-12).
","snippet":"For a film that is predominantly monetized on its own, an entity shall amortize film costs using the individual-film-forecast-computation method, which amortizes such costs in the same ratio that current period actual re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b8ec6a3808a4c3928c14a0f2572240ce062741ebdc6727df16296df792688d94","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-2","para":"35-2","html":"
For a film that is in a film group, an entity shall make a reasonably reliable estimate of the portion of unamortized film costs that is representative of the use of the film. An entity shall expense such amounts as it exhibits or exploits the film. (For example, an entity with a direct-to-consumer streaming platform that does not accept advertising on its platform may produce a film and only show it on its platform. In this example, the entity receives subscription fees from third parties that are not directly related to a particular film.)
","snippet":"For a film that is in a film group, an entity shall make a reasonably reliable estimate of the portion of unamortized film costs that is representative of the use of the film. An entity shall expense such amounts as it e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:799edbbd0a16896099be8ec688f2d7c594892841305128aefc4199042ca08e4c","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-3","para":"35-3","html":"
As a result of uncertainties in the estimating process, actual results may vary from estimates. An entity shall review and revise estimates of ultimate revenue as of each reporting date to reflect the most current available information. If estimates are revised, an entity shall determine a new denominator that includes only the ultimate revenue from the beginning of the fiscal year of change (that is, ultimate revenue changes are treated prospectively as of the beginning of the fiscal year of change). The numerator (revenue for the current fiscal year) is unaffected by the change. An entity shall apply the revised fraction to the net carrying amount of unamortized film costs as of the beginning of the fiscal year, and the difference between expenses determined using the new estimates and any amounts previously expensed during that fiscal year shall be charged or credited to the income statement in the period (for example, the quarter) during which the estimates are revised. For more information, see Example 2 (paragraph 926-20-55-5).
","snippet":"As a result of uncertainties in the estimating process, actual results may vary from estimates. An entity shall review and revise estimates of ultimate revenue as of each reporting date to reflect the most current availa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:422a26623f250d9af01bed93c2beaa3c64389abea4bdc89f9b9ce50692477e2e","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-3A","para":"35-3A","html":"
An entity shall review and revise estimates of the remaining use of the film for film costs amortized in accordance with paragraph 926-20-35-2 as of each reporting date to reflect the most current available information. Changes to estimates of the remaining use of a film shall be accounted for prospectively.
","snippet":"An entity shall review and revise estimates of the remaining use of the film for film costs amortized in accordance with paragraph 926-20-35-2 as of each reporting date to reflect the most current available information. …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:83bab545952c60481d0dba59e16dd00a9746b95dbb1459aa0b20f25ebce13316","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0258566dacfaab702577bdb050ca757c7bd6f6baf7d0bf6ca8983c03f2c74822","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"block":null,"heading":"Predominant Monetization Strategy","paragraphs":[{"citation":"926-20-35-3B","para":"35-3B","html":"
An entity shall determine whether a film is part of a film group when capitalization of film costs begins by assessing whether it is expected to be predominantly monetized on its own or predominantly monetized with other films and/or license agreements.
","snippet":"An entity shall determine whether a film is part of a film group when capitalization of film costs begins by assessing whether it is expected to be predominantly monetized on its own or predominantly monetized with other…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8da674273debc7dd15ecc7036745f969a39bc3188bb1b88ecc707b393ed62ed4","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-3C","para":"35-3C","html":"
If there is a significant change to the monetization strategy of a film compared with the monetization strategy determined when capitalization of film costs began, an entity shall reassess the predominant monetization strategy for that film. The reassessment of the predominant monetization strategy shall include an assessment of the monetization strategy throughout the entire life of the film rather than an assessment from the time of the significant change in monetization strategy. Two examples of a significant change to the monetization strategy of a film are adding a previously unplanned significant distribution channel and forgoing a previously planned significant distribution channel. For purposes of determining whether there is a significant change to the monetization strategy, results of the monetization strategy that are different from the expected results shall not be considered a significant change to the monetization strategy.
","snippet":"If there is a significant change to the monetization strategy of a film compared with the monetization strategy determined when capitalization of film costs began, an entity shall reassess the predominant monetization st…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab910e4c910aeb1a0c753f59b90a42a0ea201a4687abb54ccd15555699e16931","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2df5479e4876b8aa72c444c70c9c7bee8fcd4a6bca9a662c20b38bdbbe2610a","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"block":null,"heading":"Ultimate Revenue","paragraphs":[{"citation":"926-20-35-4","para":"35-4","html":"
Ultimate revenue to be included in the denominator of the individual-film-forecast-computation method fraction shall include estimates of revenue that is expected to be recognized by an entity from the exploitation, exhibition, and sale of a film in all markets and territories, subject to the limitations set forth in paragraph 926-20-35-5.
","snippet":"Ultimate revenue to be included in the denominator of the individual-film-forecast-computation method fraction shall include estimates of revenue that is expected to be recognized by an entity from the exploitation, exhi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b0b1fb8ba24914c7b18d6506f35f33c4cd11a7c676bcf1cb8041949a7687b28","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-5","para":"35-5","html":"
Ultimate revenue shall be limited by the following:
  1. a
    For films other than episodic television series, ultimate revenue shall include estimates over a period not to exceed 10 years following the date of the film's initial release. For episodic television series, ultimate revenue shall include estimates of revenue over a period not to exceed 10 years from the date of delivery of the first episode or, if still in production, 5 years from the date of delivery of the most recent episode, if later. For previously released films acquired as part of a film library, ultimate revenue shall include estimates over a period not to exceed 20 years from the date of acquisition. For the purposes of this Topic, an entity shall categorize as part of a film library only those individual films whose initial release dates were at least three years prior to the acquisition date.
  2. b
    Ultimate revenue shall include estimates of revenue from a market or territory only if persuasive evidence exists that such revenue will occur, or if an entity can demonstrate a history of recognizing such revenue in that market or territory. Ultimate revenue shall include estimates of revenue from newly developing territories only if an existing arrangement provides persuasive evidence that an entity will realize such amounts.
  3. c
    Ultimate revenue shall include estimates of revenue from licensing arrangements with third parties to market film-related products only if persuasive evidence exists that such revenue from that arrangement will occur for that particular film (such as a signed contract to receive a nonrefundable minimum guarantee or a nonrefundable advance) or if an entity can demonstrate a history of recognizing such revenue from that form of arrangement.
  4. d
    Ultimate revenue shall include estimates of the portion of the wholesale or retail revenue from an entity's sale of peripheral items (such as toys and apparel) that is attributable to the exploitation of themes, characters, or other contents related to a particular film only if the entity can demonstrate a history of recognizing such revenue from that form of exploitation in similar kinds of films. For example, an entity may conclude that the portion of revenue from the sale of peripheral items that it shall include in ultimate revenue is an estimate of what would be recognized by the entity if rights for such form of exploitation had been granted under licensing arrangements with third parties. Ultimate revenue shall not, however, include estimates of the entire amount of wholesale or retail revenue from an entity's sale of peripheral items.
  5. e
    Ultimate revenue shall not include estimates of revenue from unproven or undeveloped technologies.
  6. f
    Ultimate revenue shall not include estimates of wholesale promotion or advertising reimbursements to be received from third parties. Such amounts shall be offset against exploitation costs.
  7. g
    Ultimate revenue shall not include estimates of amounts related to the sale of film rights for periods after those identified in (a).
","snippet":"Ultimate revenue shall be limited by the following:\n(a) For films other than episodic television series, ultimate revenue shall include estimates over a period not to exceed 10 years following the date of the film's init…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6fa1e0d8615175274651a1d1166077e1594a719a22558f570d2b90234837dc86","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-6","para":"35-6","html":"
An entity shall not discount ultimate revenue to its present value except when a significant financing component is identified (see paragraphs
606-10-32-15 through 32-20
) in a contract in which an entity promises to grant a license within the scope of Topic 606.
","snippet":"An entity shall not discount ultimate revenue to its present value except when a significant financing component is identified (see paragraphs 606-10-32-15 through 32-20) in a contract in which an entity promises to gran…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b4fbefeef068b423e68ae60f46e2f561c5eabb7ad4554e8079f7bddb84efa0a3","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-7","para":"35-7","html":"
All foreign currency estimates of future revenues shall be based on current spot rates.
","snippet":"All foreign currency estimates of future revenues shall be based on current spot rates.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a0de7249fb47464fa0ca5888ad0345aad7d8376fa43ce137aba543bda2eac6a4","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-8","para":"35-8","html":"
Ultimate revenue shall not include amounts representing projections for future inflation.
","snippet":"Ultimate revenue shall not include amounts representing projections for future inflation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:51a2247f077d735aba3e50717e89559c165bb708dc2bbb1325643edba0d77bd5","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-9","para":"35-9","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e850eb1285308dfa1ff861a9261ebfacbdc3b87341b1ecff8cffcf784f3aa371","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-10","para":"35-10","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a2013615c212402e043e2ad626807f75bce562ba68195f57ea5e063739998eb8","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-11","para":"35-11","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fde256ffe13b412f9ebc9162746e00fa888e93bd623377d7d5ef881c6f88c56b","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e457e3d2d70c7d59a3cfc974b65d7dc0a0694c9f88ef6421f8d49393cc2ae42e","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"block":null,"heading":"Impairment","paragraphs":[{"citation":"926-20-35-12","para":"35-12","html":"
Unamortized film costs shall be tested for impairment whenever events or changes in circumstances indicate that the fair value of a film predominantly monetized on its own (see paragraph 926-20-35-12A) or a film group (see paragraph 926-20-35-12B) may be less than its unamortized costs.
","snippet":"Unamortized film costs shall be tested for impairment whenever events or changes in circumstances indicate that the fair value of a film predominantly monetized on its own (see paragraph 926-20-35-12A) or a film group (s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c48ed1d859df19172080df62489042f8e00d81accf0a9fed30e2d4a59ded7f48","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-12A","para":"35-12A","html":"
The following are examples of events or changes in circumstances that indicate that an entity shall assess whether the fair value of a film (whether completed or not) is less than its unamortized film costs:
  1. a
    An adverse change in the expected performance of a film prior to release
  2. b
    Actual costs substantially in excess of budgeted costs
  3. c
    Substantial delays in completion or release schedules
  4. d
    Changes in release plans, such as a reduction in the initial release pattern
  5. e
    Insufficient funding or resources to complete the film and to market it effectively
  6. f
    Actual performance subsequent to release failing to meet expectations set before release due to factors such as the following:
    1. 1
      A significant adverse change in technological, regulatory, legal, economic, or social factors that could affect the public's perception of a film or the availability of a film for future showings
    2. 2
      A significant decrease in the amount of ultimate revenue expected to be recognized.
  7. g
    A change in the predominant monetization strategy of a film resulting in the film being predominantly monetized with other films and/or license agreements.
","snippet":"The following are examples of events or changes in circumstances that indicate that an entity shall assess whether the fair value of a film (whether completed or not) is less than its unamortized film costs:\n(a) An adver…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2c2f178a0de3c328235f55e03fe3f7cb6121fb4c33297404ea7cf63ecb952d67","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-12B","para":"35-12B","html":"
The following are examples of events or changes in circumstances for a film group that indicate that an entity shall assess whether the fair value of a film group is less than its unamortized film costs:
  1. a
    A significant adverse change in technological, regulatory, legal, economic, or social factors that could affect the fair value of the film group
  2. b
    A significant decrease in the number of subscribers or forecasted subscribers, or the loss of a major distributor
  3. c
    A current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection of continuing losses associated with the use or exploitation of a film group.
","snippet":"The following are examples of events or changes in circumstances for a film group that indicate that an entity shall assess whether the fair value of a film group is less than its unamortized film costs:\n(a) A significan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ce94fcf91672348cfdc1e8284cede6dc7528f8d25ff04947ba62a842174c501","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-13","para":"35-13","html":"
If an event or change in circumstance indicates that an entity shall assess whether the fair value of a film (or film group) is less than its unamortized film costs, the entity shall determine the fair value of the film (or film group) (the determination of which is affected by estimated future exploitation costs still to be incurred) and write off to the income statement the amount by which the unamortized capitalized costs exceed the film's (or film group's) fair value. Exploitation costs incurred after such a write-off shall be accounted for in accordance with the provisions of paragraphs
926-720-25-2 through 25-3
. An entity shall treat the reduced amount of capitalized film costs that have been written down to fair value (subject to paragraph 926-20-35-19 for films in a film group) at the close of an annual fiscal period as the cost for subsequent accounting purposes, and an entity shall not subsequently restore any amounts previously written off.
","snippet":"If an event or change in circumstance indicates that an entity shall assess whether the fair value of a film (or film group) is less than its unamortized film costs, the entity shall determine the fair value of the film …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76adad3baba7999184727edf129bdbca888272e71582d6eb7fd66761ce463de7","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-14","para":"35-14","html":"
A discounted cash flow model may be used to estimate fair value. If applicable, future cash flows based on the terms of any existing contractual arrangements, including cash flows over existing license periods without consideration of the limitations set forth in paragraph 926-20-35-5, shall be included.
","snippet":"A discounted cash flow model may be used to estimate fair value. If applicable, future cash flows based on the terms of any existing contractual arrangements, including cash flows over existing license periods without co…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbcdbc64a557e1640e122e524fc0e87893b828525c7a759fddd2e319262c9e80","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-15","para":"35-15","html":"
An entity shall consider the following factors, among others, in estimating future cash inflows for a film:
  1. a
    If previously released, the film's performance in prior markets
  2. b
    The public's perception of the film's story, cast, director, or producer
  3. c
    Historical results of similar films
  4. d
    Historical results of the cast, director, or producer on prior films
  5. e
    Running time of the film.
In determining a film's (or film group's) fair value, it is also necessary to consider those cash outflows necessary to generate the film's (or film group's) cash inflows. Therefore, an entity shall incorporate, if applicable, its estimates of future costs to complete a film, future exploitation and participation costs, or other necessary cash outflows in its determination of fair value when using a discounted cash flow model.
","snippet":"An entity shall consider the following factors, among others, in estimating future cash inflows for a film:\n(a) If previously released, the film's performance in prior markets\n(b) The public's perception of the film's st…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a91baa82fbb81ff8e203a8006b06a3fa152c1377ccf30c7a67681559929b8ec","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-16","para":"35-16","html":"
When using the traditional discounted cash flow approach to estimate the fair value of a film (or film group), the relevant future cash inflows and outflows shall represent the entity's estimate of the most likely cash flows. When determining the fair value of a film (or film group) using the expected cash flow approach, all possible relevant future cash inflows and outflows shall be probability-weighted by period and the estimated mean or average by period shall be used.
","snippet":"When using the traditional discounted cash flow approach to estimate the fair value of a film (or film group), the relevant future cash inflows and outflows shall represent the entity's estimate of the most likely cash f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76d3950eccc84fd15cf8d4bd0d32721ebecba6a1d61b0db33090e3eb78717273","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-17","para":"35-17","html":"
When determining the fair value of a film (or film group) using a traditional discounted cash flow approach, the discount rate(s) shall not be an entity's incremental borrowing rate(s), liability settlement rate(s), or weighted average cost of capital because those rates typically do not reflect the risks associated with a particular film (or film group). The discount rate(s) shall consider the time value of money and the expectations about possible variations in the amount or timing of the most likely cash flows and an element to reflect the price market participants would seek for bearing the uncertainty inherent in such an asset, as well as other factors, sometimes unidentifiable, including illiquidity and market imperfections. When determining the fair value of a film (or film group) using the expected cash flow approach, the discount rate(s) also would consider the time value of money. Because they are reflected in the expected cash flows, there would be no adjustment for possible variations in the amounts or timing of those cash flows. If not reflected in risk-adjusted expected cash flows, an additional element to reflect the price market participants would seek for bearing the uncertainty inherent in such an asset as well as other factors, sometimes unidentifiable, including illiquidity and market imperfections, shall be added to the discount rate(s).
","snippet":"When determining the fair value of a film (or film group) using a traditional discounted cash flow approach, the discount rate(s) shall not be an entity's incremental borrowing rate(s), liability settlement rate(s), or w…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:225aa494bc4aa2fb8c17eb588fd95b3716f7dd17710f93f0f40f3229ed91caaf","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-18","para":"35-18","html":"
Paragraph superseded by Accounting Standards Update No. 2012-07.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2012-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f81a34fd8a088b9ff73bb0324d28802edd0c60797901cbaca0d3bd961e92df40","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"citation":"926-20-35-19","para":"35-19","html":"
An impairment loss attributable to a film group shall reduce only the carrying amounts of a film or license agreement included in that film group. The loss shall be allocated to the films and license agreements within the film group on a pro rata basis using the relative carrying amounts of those assets. However, if an entity can estimate the fair value of individual films and license agreements in the film group without undue cost and effort, it shall not reduce the carrying amount of those films below their fair value.
","snippet":"An impairment loss attributable to a film group shall reduce only the carrying amounts of a film or license agreement included in that film group. The loss shall be allocated to the films and license agreements within th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46eeb6873688b2c5fcfde174ae516ea7c7a65aa96659c3f0590c36779d79f4e3","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ad088ecd6cb1e13706dca9550851c960781f95c4637cb51d0cd4ec6f2b6d8d4","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2335f7cdcf82e1ea47a196ef3dafc6d92569038f8fbd835c9eb0be5518e19c0b","downloaded_from":"2026-09-10T02:11:51.751Z","last_downloaded_at":"2026-09-10T02:11:51.751Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483221","source_sha256":"c6af70f36ae0e192991d5c126d368138ae5bf1e34026b740a972a3950f5e08d4"}},{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":"Film Properties","paragraphs":[{"citation":"926-20-40-1","para":"40-1","html":"
An entity shall periodically review properties in development to determine whether they will ultimately be used in the production of a film. It shall be presumed that an entity will dispose of a property (whether by sale or abandonment) if it has not been set for production within three years from the time of the first capitalized transaction.
","snippet":"An entity shall periodically review properties in development to determine whether they will ultimately be used in the production of a film. It shall be presumed that an entity will dispose of a property (whether by sale…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:596b5f343c1965958086d2e0e5f6e84571620307219af660b14e8f4aacb038d3","downloaded_from":"2026-09-10T02:11:55.055Z","last_downloaded_at":"2026-09-10T02:11:55.055Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483202","source_sha256":"fc33bf0aa82dddc933d601968f834a256334c4e23dfff6a107f750ded12632d2"}},{"citation":"926-20-40-2","para":"40-2","html":"
If an entity determines that a film property will not be used (disposed of), it shall recognize any loss by a charge to the income statement. Amounts written off shall not be subsequently reestablished as assets.
","snippet":"If an entity determines that a film property will not be used (disposed of), it shall recognize any loss by a charge to the income statement. Amounts written off shall not be subsequently reestablished as assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71f1ad0bf2e4dbbd800172c6222343a8ff2475fcbf692c7e2dc3392dca314088","downloaded_from":"2026-09-10T02:11:55.055Z","last_downloaded_at":"2026-09-10T02:11:55.055Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483202","source_sha256":"fc33bf0aa82dddc933d601968f834a256334c4e23dfff6a107f750ded12632d2"}},{"citation":"926-20-40-3","para":"40-3","html":"
An entity shall measure the loss as the amount by which the carrying amount of the project exceeds its fair value. Unless management, having the authority to approve the action, has committed to a plan to sell such property, the rebuttable presumption is that the entity will abandon the property and, as such, its fair value shall be zero.
","snippet":"An entity shall measure the loss as the amount by which the carrying amount of the project exceeds its fair value. Unless management, having the authority to approve the action, has committed to a plan to sell such prope…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f77fe3bd4339abfcdead7eda0dd588e27842e5bce9b5250ac7a8991b3446aee3","downloaded_from":"2026-09-10T02:11:55.055Z","last_downloaded_at":"2026-09-10T02:11:55.055Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483202","source_sha256":"fc33bf0aa82dddc933d601968f834a256334c4e23dfff6a107f750ded12632d2"}},{"citation":"926-20-40-4","para":"40-4","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:468ec34137ba0b630c1283251032cbb17c956599657317b188b45005fbe13740","downloaded_from":"2026-09-10T02:11:55.055Z","last_downloaded_at":"2026-09-10T02:11:55.055Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483202","source_sha256":"fc33bf0aa82dddc933d601968f834a256334c4e23dfff6a107f750ded12632d2"}},{"citation":"926-20-40-5","para":"40-5","html":"
An entity shall write off remaining unamortized film costs when a film is substantively abandoned.
","snippet":"An entity shall write off remaining unamortized film costs when a film is substantively abandoned.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3b62a4a6a3690401f4cb8d4cc2b15af1285c458066b0fce5b3b7d3015ef49ee","downloaded_from":"2026-09-10T02:11:55.055Z","last_downloaded_at":"2026-09-10T02:11:55.055Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483202","source_sha256":"fc33bf0aa82dddc933d601968f834a256334c4e23dfff6a107f750ded12632d2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:699ad6e0161428e0fe1aea79c089aac206a9ed236f86709b6308d7a120f5b50c","downloaded_from":"2026-09-10T02:11:55.055Z","last_downloaded_at":"2026-09-10T02:11:55.055Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483202","source_sha256":"fc33bf0aa82dddc933d601968f834a256334c4e23dfff6a107f750ded12632d2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40a79084f5e194d25e5c7bc74fa71d3a9dca157083e810bd1b45d9261249dac3","downloaded_from":"2026-09-10T02:11:55.055Z","last_downloaded_at":"2026-09-10T02:11:55.055Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483202","source_sha256":"fc33bf0aa82dddc933d601968f834a256334c4e23dfff6a107f750ded12632d2"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Film Costs","paragraphs":[{"citation":"926-20-45-1","para":"45-1","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
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Film costs shall be presented separately from the rights acquired under a license agreement for program materials within the scope of Subtopic 920-350 on entertainment—broadcasters either on the balance sheet or in the notes to financial statements.
","snippet":"Film costs shall be presented separately from the rights acquired under a license agreement for program materials within the scope of Subtopic 920-350 on entertainment—broadcasters either on the balance sheet or in the n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a706fc831842795386b00408b84e3c0256b49ecfca5f54b3096a7b4daf29e7dc","downloaded_from":"2026-09-10T02:11:57.410Z","last_downloaded_at":"2026-09-10T02:11:57.410Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483182","source_sha256":"cec5c842202d18e0e6ab8d150de298690e3862b692057d08b4e8783a13a1b5c9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47a51034cc59186270b7325d1ba6e01cbbed40a1619edc9b4bb820e28a8d1972","downloaded_from":"2026-09-10T02:11:57.410Z","last_downloaded_at":"2026-09-10T02:11:57.410Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483182","source_sha256":"cec5c842202d18e0e6ab8d150de298690e3862b692057d08b4e8783a13a1b5c9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:730a0e2dd39d59bb1730e6430218b18d55640194ee620b0d4156d4853ad1ea1e","downloaded_from":"2026-09-10T02:11:57.410Z","last_downloaded_at":"2026-09-10T02:11:57.410Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483182","source_sha256":"cec5c842202d18e0e6ab8d150de298690e3862b692057d08b4e8783a13a1b5c9"}},{"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.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f04c1db53aebbe5a8ebfd877ee4d507f084d07b27aeb9f6b575e7fcb51e18dc","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":"926-20-50-4","para":"50-4","html":"
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"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"926-20-55-1","para":"55-1","html":"
This Example provides an illustration of the individual-film-forecast method of amortization for a film in its initial year of release (in accordance with paragraph 926-20-35-1).
","snippet":"This Example provides an illustration of the individual-film-forecast method of amortization for a film in its initial year of release (in accordance with paragraph 926-20-35-1).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3b3137fe70c274795e0d3f4fc14fd19933ff5d22a78c8c89f09ceb44a0cf0a6","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-2","para":"55-2","html":"
This Example has the following assumptions:
  1. a
    Film cost: $50,000
  2. b
    Estimated ultimate revenue: $100,000
  3. c
    Actual revenue recognized in Year 1: $60,000
  4. d
    Estimated ultimate participation costs: $10,000.
","snippet":"This Example has the following assumptions:\n(a) Film cost: $50,000\n(b) Estimated ultimate revenue: $100,000\n(c) Actual revenue recognized in Year 1: $60,000\n(d) Estimated ultimate participation costs: $10,000.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cd3d2811e70b7d9819aa62976f3b96f4b88bcdae39d91099a1578570bd9557ed","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-3","para":"55-3","html":"
Film cost amortization in Year 1:
","snippet":"Film cost amortization in Year 1:\n$60,000 recognized revenue/$100,000 ultimate revenue x $50,000 film cost = $30,000","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e697c371ff6ca0e4b40a8ddc50ccbbfa562e0cdbc398334652c2478e705895d","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-4","para":"55-4","html":"
Participation costs accrued in Year 1:
","snippet":"Participation costs accrued in Year 1:\n$60,000 recognized revenue/$100,000 ultimate revenue x $10,000 ultimate participation costs = $6,000","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b4d0a47c5387b2ed2ecabeffa3dc240a6b36b234e10325c1f84545f1885d98ea","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-5","para":"55-5","html":"
This Example provides an illustration of the individual-film-forecast method of amortization for a film where estimates are revised subsequent to the initial year of release (in accordance with paragraph 926-20-35-3).
","snippet":"This Example provides an illustration of the individual-film-forecast method of amortization for a film where estimates are revised subsequent to the initial year of release (in accordance with paragraph 926-20-35-3).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f74d84824a234db64d6eedd33c57ca301eca93cfa166a8192b8605947d83d53a","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-6","para":"55-6","html":"
This Example has the following assumptions:
  1. a
    Film cost: $50,000
  2. b
    Estimated ultimate revenue:
    1. 1
      Year 1: $100,000
    2. 2
      Year 2: $90,000 (Note: not the remaining ultimate revenue starting from this year).
  3. c
    Actual revenue recognized:
    1. 1
      In Year 1: $60,000
    2. 2
      In Year 2: $10,000.
  4. d
    Estimated ultimate participation costs:
    1. 1
      Year 1: $10,000
    2. 2
      Year 2: $9,000 (Note: not the remaining ultimate participation costs starting from this year).
  5. e
    For Year 1, film cost amortization was $30,000 and participation costs accrued were $6,000.
  6. f
    Year 2 revised ultimate revenue is $90,000.
","snippet":"This Example has the following assumptions:\n(a) Film cost: $50,000\n(b) Estimated ultimate revenue:\n(1) Year 1: $100,000\n(2) Year 2: $90,000 (Note: not the remaining ultimate revenue starting from this year).\n(c) Actual r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f87502eb59ebe19c06cae936d2b5fda448c9bf3f483a267ffc333dba21a3a69f","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-7","para":"55-7","html":"
Film Cost amortization in Year 2:
","snippet":"Film Cost amortization in Year 2:\n$10,000 recognized revenue/$30,000 remaining ultimate revenue x $20,000 unamortized film costs = $6,667. The $30,000 remaining ultimate revenue is computed as follows: Year 2 revised ult…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b3c464f2776ccdc95dc2d67575e880992763c9cced798e0aef2540dc02f7f51","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-8","para":"55-8","html":"
Participation costs accrued in Year 2:
","snippet":"Participation costs accrued in Year 2:\n$10,000 recognized revenue/$30,000 remaining ultimate revenue x $3,000 remaining ultimate participation costs = $1,000. The $30,000 remaining ultimate revenue is computed as follows…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04dae6ffb7dbde3939c8dc97a2799231289047eace046a7c255def22a2998ccd","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-9","para":"55-9","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69ef5179db0bb9ecebe7e0ac3e31740cc5314f808d370de1bd885eac01ed5662","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-10","para":"55-10","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c6cfbd44092cbce697c60426ebe7dc99d43e489d0fa105876bb77c42376a27a","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-11","para":"55-11","html":"
Paragraph superseded by Accounting Standards Update No. 2019-02.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2019-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb681ded7aec4cf411ebf8d94c6e46299fafbe05bf776737462eea4db4f9d19a","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-12","para":"55-12","html":"
This Example provides an illustration of the individual-film-forecast method of amortization for an episodic television series with multiple seasons (in accordance with paragraph 926-20-35-1).
","snippet":"This Example provides an illustration of the individual-film-forecast method of amortization for an episodic television series with multiple seasons (in accordance with paragraph 926-20-35-1).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f0d4f364a3197442285d9fd2236489e1c6d6b19e60218dfedb749d6a115045db","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-13","para":"55-13","html":"
This Example has the following assumptions:
  1. a
    An entity produces and distributes an episodic television series. Two seasons of the series are ultimately produced.
  2. b
    The entity's fiscal year end corresponds directly with the completion of each production season.
  3. c
    Subparagraph superseded by Accounting Standards Update No. 2019-02.
  4. d
    Costs of production are the following:
    1. 1
      Subparagraph superseded by Accounting Standards Update No. 2019-02.
    2. 2
      Season 1: $16,000
    3. 3
      Season 2: $18,000.
  5. e
    Recognized and remaining ultimate revenues are the following.
    • As of Season 1 Recognized and reported in Season 1 \" $8,000 \" Recognized and reported in Season 2 N/A \"Remaining ultimate revenue, Season 1\" \" $40,000 \" \"Remaining ultimate revenue, Season 2\" N/A \" $48,000 \" As of Season 2 Recognized and reported in Season 1 N/A Recognized and reported in Season 2 \" $11,000 \" \"Remaining ultimate revenue, Season 1\" \" $40,000 \" \"Remaining ultimate revenue, Season 2\" \" $10,000 \" \" $61,000 \"
  6. f
    Ultimate participation costs are as follows.
    • As of Season 1 \" $2,000 \" As of Season 2 \" $3,000 \"
","snippet":"This Example has the following assumptions:\n(a) An entity produces and distributes an episodic television series. Two seasons of the series are ultimately produced.\n(b) The entity's fiscal year end corresponds directly w…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4c1bfbdcbf1f15339e4f91ea18c2a69b963adff5ff0064525a8922fce848433","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-14","para":"55-14","html":"
Amortization of film costs in accordance with paragraph 926-20-35-1 is determined as follows for Seasons 1 and 2.
","snippet":"Amortization of film costs in accordance with paragraph 926-20-35-1 is determined as follows for Seasons 1 and 2.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0ba072af716118dda06240358f63977d6756db104deb39e61159fa9e994f8e9","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"citation":"926-20-55-15","para":"55-15","html":"
Accrual of participation costs is determined as follows.
","snippet":"Accrual of participation costs is determined as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ad7ddb2f23baaadfa320b7777fe3f1eaa7cefddb259336f5ea7e92f9ecca172","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2199482f96378f0e9c3b8d3c6c7fe4847eee58ddf9d86101b3ce8da8ebccbc9c","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef78916f8892ba9e7643bfce8e56e3949b5ae3cf7051bb7ddc11809f5ed96707","downloaded_from":"2026-09-10T02:12:03.761Z","last_downloaded_at":"2026-09-10T02:12:03.761Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483220","source_sha256":"708e7b120bb3ef2afe0e44a32dd2ccd22b2c01145046f5a1913442579a9aecf9"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"926-20-65-1","para":"65-1","html":"
Paragraph superseded on 06/26/2015 after the end of the transition period stated in Accounting Standards Update No. 2012-07, Entertainment—Films (Topic 926): Accounting for Fair Value Information That Arises after the Measurement Date and Its Inclusion in the Impairment Analysis of Unamortized Film Costs.
","snippet":"Paragraph superseded on 06/26/2015 after the end of the transition period stated in Accounting Standards Update No. 2012-07, Entertainment—Films (Topic 926): Accounting for Fair Value Information That Arises after the Me…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70d7996692d3de4454207a6455cd62e61df8316a1e82d4c550af472db2f6050b","downloaded_from":"2026-09-10T02:12:07.094Z","last_downloaded_at":"2026-09-10T02:12:07.094Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483194","source_sha256":"9125af41035e8364d0c6573fcbc104bc81a3910a64bd66581288e8ee7ad7834e"}},{"citation":"926-20-65-2","para":"65-2","html":"
Paragraph superseded on 12/14/2022 after the end of the transition period stated in Accounting Standards Update No. 2019-02, Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—Intangibles—Goodwill and Other (Subtopic 920-350): Improvements to Accounting for Costs of Films and License Agreements for Program Materials.
","snippet":"Paragraph superseded on 12/14/2022 after the end of the transition period stated in Accounting Standards Update No. 2019-02, Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—In…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3cc6d45a0b981d15f1b408068f45e08264a48d914d04ddb90a4ae6cac1428b54","downloaded_from":"2026-09-10T02:12:07.094Z","last_downloaded_at":"2026-09-10T02:12:07.094Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483194","source_sha256":"9125af41035e8364d0c6573fcbc104bc81a3910a64bd66581288e8ee7ad7834e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50e316c49a44d268a6e09e44104b7878b1a6a5f60b2481ac091fd8171530af90","downloaded_from":"2026-09-10T02:12:07.094Z","last_downloaded_at":"2026-09-10T02:12:07.094Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483194","source_sha256":"9125af41035e8364d0c6573fcbc104bc81a3910a64bd66581288e8ee7ad7834e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:672779105ff11bc0ce1cd4e2e8847949b85ccd115680d65ea567bd4839193cdf","downloaded_from":"2026-09-10T02:12:07.094Z","last_downloaded_at":"2026-09-10T02:12:07.094Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483194","source_sha256":"9125af41035e8364d0c6573fcbc104bc81a3910a64bd66581288e8ee7ad7834e"}}],"enrichment":{"summary":"ASC 926-20 governs how film production and distribution entities capitalize, amortize, impair, and disclose film costs, which must be reported as a separate asset on the balance sheet (926-20-25-1). Films predominantly monetized on their own are amortized by the individual-film-forecast-computation method — current-period revenue over remaining unrecognized ultimate revenue as of the beginning of the fiscal year (926-20-35-1) — while films in a film group are expensed based on a reasonably reliable estimate of the film's use (926-20-35-2). Unamortized film costs are written down to fair value when triggering events indicate impairment, and such write-downs may never be restored (926-20-35-13).","key_points":["Film costs are reported as a separate balance sheet asset and include production overhead and property/adaptation costs, but exclude administrative and general expenses and losses on abandoned properties (926-20-25-1 through 25-5); costs of significant changes to a film are added to film costs and expensed as related revenue is recognized (926-20-25-8).","The predominant monetization strategy (on its own vs. with other films and/or license agreements, i.e., a film group) is determined when capitalization begins and is reassessed only upon a significant change in strategy, evaluated over the film's entire life; results differing from expectations are not a significant change (926-20-35-3B through 35-3C).","Amortization for a film monetized on its own begins upon release and uses the individual-film-forecast fraction: current-period actual revenue divided by estimated remaining unrecognized ultimate revenue at the beginning of the fiscal year, applied to unamortized costs (926-20-35-1); multiple seasons of an episodic television series are a single product.","Estimates of ultimate revenue are revised each reporting date and changes are applied prospectively from the beginning of the fiscal year of change, with the catch-up difference charged or credited in the period of revision (926-20-35-3).","Ultimate revenue is capped at 10 years from initial release (20 years from acquisition for film libraries of films released at least 3 years before acquisition; 5 years from the most recent episode for series still in production) and excludes unproven technologies, inflation projections, and advertising reimbursements, which offset exploitation costs (926-20-35-5).","Unamortized film costs are tested for impairment when triggering events indicate fair value of a film or film group may be below carrying amount; the excess is written off to income, is not restorable, and a film-group loss is allocated pro rata on relative carrying amounts without reducing an individually valued film below its fair value (926-20-35-12 through 35-19).","A property not set for production within three years of the first capitalized transaction is presumed disposed of; loss equals carrying amount less fair value, which is presumed zero absent a committed plan to sell, and remaining unamortized costs are written off when a film is substantively abandoned (926-20-40-1 through 40-5)."],"categories":["Subsequent measurement","Impairment","Industry-specific","Disclosure"],"audience_level":"intermediate","student_note":"The exam trap is the mechanics of revised estimates: the denominator resets to ultimate revenue remaining from the beginning of the fiscal year of change (revised ultimate revenue less cumulative prior recognized revenue) and is applied prospectively to unamortized costs — never restated retroactively. 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