New FASB Proposal to Benefit Accounting for TV Series’ Production Costs
On Nov. 7, 2018, the Financial Accounting Standards Board (FASB) issued a Proposed Accounting Standards Update (ASU) that would change the way the entertainment industry accounts for production costs of an episodic television series to be more aligned with the accounting for production costs of films. Under current GAAP, production costs for episodic television serie [...]