Schill Dénes and Szeleczky Áron from Paramount introduced us to this very fascinating world. We learned about Paramount’s business model, including what types of films and series they purchase, produce, and sell, as well as the channels through which they deliver these to consumers. This includes their own channels, television networks, streaming services, and direct-to-consumer sales. They highlighted that under the US GAAP accounting standards, films are treated as inventory, while depreciation is also accounted for. Among depreciation methods, they primarily use declining balance methods, which are less commonly applied in other industries. 

The event was attended by numerous undergraduate and graduate students, external accounting professionals, as well as faculty members of the department. 

The next Accounting Club event will take place on 12 May 2025 18:00, featuring more exciting topics.