The accounting treatment of costs of motion pictures - DOI: http://dx.doi.org/10.16930/2237-7662/rccc.v15n46p88-101

Abstract

This study examined the accounting treatment of the production costs of motion pictures adopted by six companies, two Brazilian producers, two European producers and two American producers in the years 2012, 2013 and 2014. It was not quite clear in the financial statements of the Brazilian producers which option among the three presented in the literature (intangible assets, special assets or inventory) was chosen for the accounting treatment of these works. It was observed that these works were recorded in accounts of current and non-current assets. This is not in line with what is required by CPC 04 (R1), which states that the production costs of these works must be classified in the group of intangible assets as part of the non-current assets. From the academic point of view, the finding that there are accounting standards not fully implemented by accountants and managers deserves to be studied carefully to determine the origins of this noncompliance.