The Essentials of Media and Entertainment Accounting: Principles, Strategies, and Career Insights
Explore Media and Entertainment Accounting essentials and career insights. Partner with Scrubbed for expert financial
Partner with an all-star accounting, tax and finance team that understands the big picture for media and entertainment companies.
Partner with an all-star accounting, tax and finance team that understands the big picture for media and entertainment companies.
The market for media and entertainment companies looks nothing like it did ten years ago and the next revolution in consumption, technology or distribution channels is always just around the corner. But that also means forecasting and budgeting can get complicated and knowing your cash flow, costs, and tax obligations across multiple projects is vital to staying ahead.
At Scrubbed, we understand the challenges that media and entertainment companies face, including seasonal fluctuations in income, ensuring accurate revenue recognition for production costs and distribution rights, and the importance of budgeting and forecasting to effectively manage cash flows through the life of a project. We pay attention to the accounting guidance that governs the media and entertainment industries, and help you comply with multi-state tax obligations so you can focus on getting your next project across the line.
The market for media and entertainment companies looks nothing like it did ten years ago and the next revolution in consumption, technology or distribution channels is always just around the corner. But that also means forecasting and budgeting can get complicated and knowing your cash flow, costs, and tax obligations across multiple projects is vital to staying ahead.
At Scrubbed, we understand the challenges that media and entertainment companies face, including seasonal fluctuations in income, ensuring accurate revenue recognition for production costs and distribution rights, and the importance of budgeting and forecasting to effectively manage cash flows through the life of a project. We pay attention to the accounting guidance that governs the media and entertainment industries, and help you comply with multi-state tax obligations so you can focus on getting your next project across the line.
Whether you’re a rising star or a household name, Scrubbed is your expert partner when it comes to accounting, finance and tax issues. We can manage the needs of a single project or scale to provide an outsourced solution for the whole organization’s finance, accounting and tax needs.
Whether you’re a rising star or a household name, Scrubbed is your expert partner when it comes to accounting, finance and tax issues. We can manage the needs of a single project or scale to provide an outsourced solution for the whole organization’s finance, accounting and tax needs.
Analyze financial instruments and assess expected credit loss model in accordance with ASC 326/IFRS 9
Analyze lease contracts analysis in accordance with ASC 842/IFRS 16
Assist in adoption of other complex emerging standards
Conduct an audit readiness program – planning, execution, and completion
Facilitate Financial Statement conversions between accounting frameworks (e.g. Local GAAP to US GAAP, IFRS to US GAAP, and vice versa)
Conduct an IPO readiness program
Account and report impact of significant unusual transactions
Support in transaction structure, including contract consultancy (acquisitions and readiness)
Assess ESG preparedness in terms of dealing with GHG emissions, value chain and other stakeholder concerns.
Account and report ESG-related assets and transactions.
Establish ESG policies and procedures in compliance with sustainability standards.
Media and entertainment companies need to be nimble and quick to pivot, so accounting needs ebb and flow. With Scrubbed, your team can scale along with your projects.
Finding and keeping accountants who understand media and entertainment can be challenging. With Scrubbed turnover needn’t affect your business.
Our team is multi-national so we can offer you 24-hour attention and you can focus more energy on what you do best.
Scrubbed understands the complicated accounting and finance needs of media and entertainment companies. We stay on top of the relevant standards and regulations across every distribution channel.
Let’s talk about your business and how Scrubbed can help make financial reporting and accounting for media and entertainment businesses more effective.
Let’s talk about your business and how Scrubbed can help make financial reporting and accounting for media and entertainment businesses more effective.
As they prepared to launch a seed fundraising round intended to secure $5 million in capital, Hyperreal Digital Inc., a metaverse media entertainment company, the management team recognized they couldn’t attract investors without solid financial forecasts and a sound operating budget.
As they prepared to launch a seed fundraising round intended to secure $5 million in capital, Hyperreal Digital Inc., a metaverse media entertainment company, the management team recognized they couldn’t attract investors without solid financial forecasts and a sound operating budget.
At Scrubbed, we invest time learning as much as we can about the companies that partner with us, so we can provide the highest level of support possible and become a critical part of the team. As distribution channels change, production costs skyrocket, and audience behaviors evolve, we focus on providing clear and actionable financial reporting and tax strategies that help you keep the show on the road.
Want to learn more about our services or meet more of the Scrubbed Team?
At Scrubbed, we invest time learning as much as we can about the companies that partner with us, so we can provide the highest level of support possible and become a critical part of the team. As distribution channels change, production costs skyrocket, and audience behaviors evolve, we focus on providing clear and actionable financial reporting and tax strategies that help you keep the show on the road.
Explore Media and Entertainment Accounting essentials and career insights. Partner with Scrubbed for expert financial
Transition to digital accounting from traditional methods prompts pros and cons comparison amidst intricate challenges.
As Director of Financial Reporting and Accounting Services, Arlene leads a diverse team of accounting professionals providing comprehensive financial solutions to clients across multiple industries, including Information Technology, Media and Entertainment, Manufacturing and Distribution, Cannabis, Real Estate, SaaS, and Clean Technology and Renewable Energy sectors.
Arlene is responsible for the overall leadership and strategic direction of her department, ensuring the delivery of exceptional client service and maintaining the highest standards of financial reporting and accounting practices.
With over 25 years in finance and accounting, Arlene gained experience in Big 4 external audits, internal audit roles for transportation and logistics companies, end-to-end finance and accounting operations, and general management and administration roles.
Paulina is the Diverse Accounting Group Manager with over a decade of experience in bookkeeping, accounts receivable, and cash flow management. She began her accounting career in banking, spending six years handling back office accounting and marketing for various financial products. At Scrubbed for nearly six years, Paulina excels in bookkeeping and advisory services. Her leadership skills are exceptional, and she effectively manages teams to achieve professional, personal, and team goals. Paulina is also a board member of the Scrubbed Social Impact Event, demonstrating her commitment to social responsibility. She holds a Bachelor of Science in Business Administration with a Major in Accounting from Holy Angel University. Outside of work, she enjoys reading, with top picks including Simon Sinek’s “Start with Why” and “The Power of Influence.”
Want to learn more? Let’s discuss how we can help by managing your day-to-day accounting needs or taking on a larger financial management role, so you can continue to focus on expanding your reach and meeting the needs of your audience.
Want to learn more? Let’s discuss how we can help by managing your day-to-day accounting needs or taking on a larger financial management role, so you can continue to focus on expanding your reach and meeting the needs of your audience.