Research On Accounting Issues Of Box Office Receipts In China

With the development of a new generation of information technology and the rise of cultural industries,the upgrading of the consumption structure prompted a significant increase in consumer demand for films.In 2016,the national film box office reached 45.712 billion yuan,an increase of 3.73% since 2015.The viewing frequency of city cinema was 1.372 billion times,an increase of 8.89%.However,due to the Chinese copyright protection,consumer's habits and some other factors,there are some remarkable differences between our country and foreign country in the recognition of the film assets and the box office revenue accounting.This paper is not limited to theory,instead by through a case study,analyzed the box office income that related to the time of revenue recognition,the film asset recognition and other important issues.And then,from a practical point of view,some suggestions will be present for the accounting problem of movie box office revenue.Based on the background of film and television industry,this paper takes Enlight Media as the research object,discussing the related accounting problems of China in the film and TV industry.The main content and structure are as follows:Chapter 1,Introduction.This chapter states the background and significance of this paper and summarizes the relevant views of existed researches.Furthermore,we put forward the research ideas of this paper.Chapter 2,Overview of movie box office revenue.By Defining the industry chain of film and television industry and its characteristics,we point out the significant features of box office revenue when compared with others.Chapter 3,Comparison of domestic and foreign accounting treatment of box office income.This chapter analyzes the key points of the confirmation of the box office revenue in our country,and compares the similarities and differences between China and the United States on the recognition and measurement of the box office revenue,as well as the key financial indicators and disclosure requirements under IFRS15.Chapter 4,A case study on Enlight Media.First,this chapter introduces the products and transactions of Enlight Media.And then,based on the current income recognition,this chapter goes deeply into the key financial indicators related to the income of the box office and the accounting problems related to the measurement of the income of the box office.Chapter 5,Summary and prospect.In this chapter,the research content of this paper is summarized,and further draw the relevant conclusions.