Industry Spotlight Series has been saved
Industry Spotlight Series
Access industry perspectives on accounting and financial reporting developments.
Media & Entertainment Spotlight — Navigating ASU 2019-02 — Improvements to accounting for costs of films and license agreements for program materials
This Media & Entertainment Spotlight discusses the implications of the amendments in ASU 2019-02, Improvements to Accounting for Costs of Films and License Agreements for Program Materials — a consensus of the FASB Emerging Issues Task Force, for film and television production cost accounting and highlights key accounting issues and potential challenges for media and entertainment entities that account for film and television production costs under U.S. GAAP.
Power & Utilities Spotlight — Making power and utilities companies more risk-aware and resilient
This publication, which is part of a series on Deloitte’s enterprise risk management (ERM) roundtables for the power and utilities (P&U) sector, discusses the roundtable held in October 2017 at Bonneville Power Administration (BPA) in Portland, Oregon. The primary goals of the series are to discuss lessons learned, identify trends, promote innovation, perform benchmarking/studies, facilitate networking within the P&U industry, advance risk management practice, and enhance the value of the ERM function.
Power & Utilities Spotlight — Effects of the new revenue standard: Observations from a review of first-quarter 2018 public filings by power and utilities companies
This Power & Utilities Spotlight discusses our review of the disclosures in the public filings of a group of companies that adopted the FASB’s new revenue standard (ASC 606) in the first quarter of 2018. While we observed diversity in practice, it’s clear that the standard’s new and modified disclosure guidance has significantly increased the amount and type of information disclosed about revenue activities and related transactions.
Power & Utilities Spotlight — “Failed sales” of nonfinancial assets require reassessment upon adoption of ASC 606 and ASC 610-20
This Power & Utilities Spotlight discusses an entity's requirements upon adopting ASC 610-20, which provides guidance on the recognition and measurement of transfers of nonfinancial assets. As a result of the new guidance, an entity may need to reverse its accounting for previous transactions and adjust beginning retained earnings.