Technical Guide Accounting for Motion Picture Films Research Committee The Institute of Chartered Accountants of India (Set up by an Act of Parliament) New Delhi © The Institute of Chartered Accountants of India All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior permission, in writing, from the publisher. DISCLAIMER: The views expressed in this book are of the author(s). The Institute of Chartered Accountants of India may not necessarily subscribe to the views expressed by the author(s). The information cited in this book has been drawn from various sources. While every effort has been made to keep the information cited in this book error free, the Institute or any office of the same does not take the responsibility for any typographical or clerical error which may have crept in while compiling the information provided in this book First Edition : July, 2019 Committee/Department : Research Committee E-mail :
[email protected] Website : www.icai.org Price : ` 100/- ISBN : 978-81-8441-966-5 Published by : The Publication Directorate on behalf of The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi – 110 002. Printed by : Sahitya Bhawan Publications, Hospital Road, Agra - 282 003 September | 2019 | P2566 (New) Foreword The Indian film industry mainly produces motion picture films across India. A motion picture film is a bundle of rights emanating from contractual arrangements or otherwise and in accounting terms it is an intangible asset as it is a collection of rights owned by an enterprise for deriving economic benefits through exploitation.