On Oct. 23, 2018, from 8:30 a.m. to 4:30 p.m., GHJ's Ilan Haimoff, Dan Landes, Micheal Sippel, Akash Sehgal and Frances Ellington spoke at the CalCPA Motion Picture and Television: Accounting and Audit Overview and highlighted tax and audit practices unique to the entertainment industry.

Learn more here.

Topics covered:

  • Identify the motion picture budgeting and production process.
  • Determine capitalization and amortization of film costs: ASC 926, accounting by producers or distributors of films.
  • Recognize IASB and FASB new converged standards for revenue recognition.
  • Identify the components of motion picture distribution, including revenue and expenses.
  • Be aware of entertainment tax hot topics.
  • Get more familiar with studio breakevens for profit participation reporting.


Major Subjects:

  • Deal-making, budgeting and production process
  • Revenue distribution sources and expenses
  • SC 926, GAAP for motion pictures and television
  • New revenue recognition standards
  • Entertainment industry trends and challenges