• Demonstrate the ability to identify, research and analyze an accounting issue
• Develop a persuasive argument supporting your position on the accounting issue
• Understand the complex nature of accounting transactions

In accounting there is always room for interpretation about the appropriate accounting treatment of financial transactions. For instance, should sales returns and allowances be recorded as reductions to sales or as cost of sales? A similar debate exists in the entertainment industry regarding "Hollywood Accounting", the method studios use to allocate costs among various film projects

For this discussion board you will need to research the issues affecting studios and artists related to "Hollywood Accounting" and answer the questions listed below.  To do your research, it is required that you use Full Sail University's library and the various research databases available.

Initial discussion board post requirements:

Your initial post is due by midnight by Wednesday of this week with a follow-up post due by midnight on Sunday.

1. Explain the "three" main points of "Hollywood Accounting" in two to three paragraphs. Make sure your post references at least two sources.

2. Taking the position of an artist or a studio explain why you agree or disagree with the assumption that -

"Hollywood Accounting" is an objective method for determining the payment of net profit shares.

Please put your post in your own words and do not cut and paste from your references.