FASB’s influence on what you watch

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Accounting Today, the Financial Accounting Standards Board’s (FASB’s) recent accounting standard update adjusts production costs of films and episodic content produced for TV and online streaming services such as Netflix and Hulu. Questions: How has the accounting for costs adjusted with the way we now consume media? What does the accounting standard eliminate?… Read more »