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PART 51
THEATRICAL ACCOUNTING
(Statutory authority: Arts and Cultural Affairs Law, art. 23)
Sec. Sec.
51.1 Definitions 51.4 Letter of transmittal
51.2 Records to be kept by producer or producers
a
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What is part 51 formatrical accounting?
Part 51 formatrical accounting is a specific section of accounting standards that focuses on the treatment of intangible assets such as goodwill and patents.
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What information must be reported on part 51 formatrical accounting?
Part 51 formatrical accounting requires reporting of details related to intangible assets such as acquisition cost, useful life, and any impairments.
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