Joint revenue recognition
project — key issues in
media and entertainment
July 2012
Applying IFRS in media
and entertainment
Contents
Overview 1
Significant feedback received from the media and
entertainment industry respondents 1
Satisfaction of performance obligations 1
Determine the transaction price 2
Onerous performance obligations 2
Contract acquisition costs 3
Disclosure 3
Transition 3
Next steps 3
Appendix: Re-deliberation plan 4
