The case of internet television: An assessment on the accounting practices of media broadcasting companies

• Main Authors: Catapusan, Kevin C., Chua, Lyle Maxine G., Jota, Almira Joy P., Rovero, Zarah Mae L.
• Format: text
• Language: English
• Published: Animo Repository 2012
• Subjects: Television broadcasting > Accounting; Interactive television; Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/11507
• Institution: De La Salle University

The growing Internet television industry caused different applications of accounting practices across companies. With this, there is a need to assess how supportive the accounting standards are to the accounting practices of the 10 subjects identified. In the end, it is expected that uniform application of standards across companies is achieved through the recommendations. Six accounts which are peculiar to Internet TV companies were identified. The accounting treatments of different companies regarding the particular transactions were recorded for which the H-index and the C-index were calculated. It was found out that companies are neither harmonized nor are their financial statements comparable with each other. Implications and analyses were derived from the gathered data. The initial findings were then corroborated and more appropriate accounting standards to be used for the six accounts were identified. The contributions of this project are twofold. First, the study was able to validate that there is a gap within the accounting practices of companies on Internet website, videos-on-hand, advertising, subscriptions, distribution rights, and improvements. Second, the researchers were able to come up with a proposed interpretation on accounting for Internet television transactions that can be used by Internet TV companies in order to achieve full harmony of accounting practices and comparability of financial statements.