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Hollywood Accounting
Hollywood accounting (also known as Hollywood bookkeeping) is the opaque or creative accounting methods used by the film, video, television and music industry to budget and record profits for creative projects. Expenditures can be inflated to reduce or eliminate the reported profit of the project, thereby reducing the amount which the corporation must pay in taxes and royalties or other profit-sharing agreements, as these are based on net profit. Hollywood accounting gets its name from its prevalence in the entertainment industry—that is, in the movie studios of Hollywood at a time when most studios were located in Hollywood. Those affected can include writers and actors, but also production companies, producers and investors. A number of cases of creative accounting have been successfully pursued in court and resulted in hundreds of millions of dollars in awarded damages. Practices Hollywood accounting can take several forms. In one form, a subsidiary is formed to perform a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bookkeeping
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the '' daybooks'' (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Repo 105
Repo 105 is Lehman Brothers' name for an accounting maneuver that it used where a short-term repurchase agreement is classified as a sale. The cash obtained through this "sale" is then used to pay down debt, allowing the company to appear to reduce its leverage by temporarily paying down liabilities—just long enough to reflect on the company's published balance sheet. After the company's financial reports are published, the company borrows cash and repurchases its original assets. Use by Lehman Brothers Repo 105 was used by investment bank Lehman Brothers three times according to a March 2010 report by the bankruptcy court examiner. The report stated that Lehman's auditors, Ernst & Young, were aware of this questionable classification. Law firm Linklaters has received unfavorable press treatment in relation to their issuance of an English law opinion which characterised the arrangements as a ''true sale'' as opposed to a transfer by Lehman with a charge back in favour of the tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Art Buchwald
Arthur Buchwald (October 20, 1925 – January 17, 2007) was an American humorist best known for his column in ''The Washington Post''. At the height of his popularity, it was published nationwide as a syndicated column in more than 500 newspapers. His column focused on political satire and commentary. Buchwald had first started writing as a paid journalist in Paris after World War II, where he wrote a column on restaurants and nightclubs, "Paris After Dark", for the ''Paris Herald Tribune''. He was part of a large American expatriate community in those years. After his return to the United States in 1962, he continued to publish his columns and books for the rest of his life. He received the Pulitzer Prize in 1982 for Outstanding Commentary, and in 1991 was elected to the American Academy and Institute of Arts and Letters, in addition to other awards. Early life Buchwald was born in New York City in 1925, to an Austrian- Hungarian Jewish immigrant family. He was the son of Jos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Return Of The Jedi
''Return of the Jedi'' (also known as ''Star Wars: Episode VI – Return of the Jedi'' is a 1983 American epic space opera film directed by Richard Marquand. The screenplay is by Lawrence Kasdan and George Lucas from a story by Lucas, who was also the executive producer. The sequel to '' Star Wars'' (1977) and ''The Empire Strikes Back'' (1980), it is the third installment in the original ''Star Wars'' trilogy, the third film to be produced, and the sixth chronological film in the "Skywalker Saga". The film stars Mark Hamill, Harrison Ford, Carrie Fisher, Billy Dee Williams, Anthony Daniels, David Prowse, Kenny Baker, Peter Mayhew and Frank Oz. Set one year after ''The Empire Strikes Back'', the Galactic Empire is constructing a second Death Star to exterminate the Rebel Alliance. With intel that the Emperor will be onboard, the Rebel fleet launches a full-scale attack on the Death Star in hopes of both destroying it and the Emperor. Meanwhile, Rebel hero Luke Skywalker ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lucasfilm
Lucasfilm Ltd. LLC is an American film and television production company and a subsidiary of Walt Disney Studios, which is a business segment of The Walt Disney Company. The studio is best known for creating and producing the ''Star Wars'' and '' Indiana Jones'' franchises, as well as its leadership in developing special effects, sound, and computer animation for films. Lucasfilm was founded by filmmaker George Lucas in 1971 in San Rafael, California; most of the company's operations were moved to San Francisco in 2005. '' Star Wars: Episode I – The Phantom Menace'' (1999), '' Star Wars: The Force Awakens'' (2015), '' Rogue One: A Star Wars Story'' (2016), '' Star Wars: The Last Jedi'' (2017) and '' Star Wars: The Rise of Skywalker'' (2019) are all among the 50 highest-grossing films of all time, with ''Star Wars: The Force Awakens'' becoming the highest-grossing film in the United States and Canada. Disney acquired Lucasfilm on October 30, 2012, for $4.05 billion in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross (economics)
A net (sometimes written nett) value is the resultant amount after accounting for the sum or difference of two or more variables. In economics, it is frequently used to imply the remaining value after accounting for a specific, commonly understood deduction. In these cases it is contrasted with the term gross, which refers to the pre-deduction value. For example, net income is the total income of a company after deducting its expenses—commonly known as profit—or the total income of an individual after deducting their income tax. Profit may be broken down further into pre-taxed or gross profit and profit after taxes or net profit. Similarly, an individual's net worth is the difference between their assets (what they own) and their liabilities (what they owe to others). Similarly, net investment in physical capital such as machinery equals gross (total) investment minus the dollar amount of replacement investment that offsets depreciation of pre-existing machinery, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Late Show (1986 TV Series)
''The Late Show'' is an American late-night talk show and the first television program broadcast on the then-new Fox Network. Originally hosted by comic actress Joan Rivers, it first aired on October 9, 1986, under the title ''The Late Show Starring Joan Rivers''. It is also the first late-night show hosted by Arsenio Hall. Background The talk show was a direct attempt at competing against NBC's ''The Tonight Show Starring Johnny Carson'', where Rivers had been Carson's permanent guest host since 1983. The show was initially broadcast live. Many in 1986, including top executives at NBC, thought it was possible that Johnny Carson would retire after reaching his 25th anniversary on October 1, 1987, as it was such a logical cut-off point. In spring 1986, a confidential memo between top NBC executives listing about 10 possible successors in the event of Carson's retirement the next year was leaked. Rivers was shocked to see that she was not on the list. In an article she wrote for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lynda Carter
Lynda Jean Cordova Carter (born July 24, 1951) is an American actress, singer, and beauty pageant titleholder who was crowned Miss World USA 1972 and finished in the top 15 at the Miss World 1972 pageant. Carter is best known as the star of the live-action television series ''Wonder Woman'', in the role of Diana Prince / Wonder Woman. The role was based on the DC comic book fictional superhero character of the same name, and aired on ABC and later on CBS from 1975 to 1979. Early life Carter was born in Phoenix, Arizona, the daughter of Juanita (''née'' Córdova) and Colby Carter. Accessed September 23, 2011. Her father is of English and Scots-Irish ancestry, and her mother, whose family hailed from Mexico, is of Mexican, Spanish, and French descent. She has one brother, Vincent and one sister, Pamela. Carter made her public television debut on ''Lew King's Talent Show'' at age 5. During high school, Carter performed in a band called Just Us. The band played a marimba, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AllBusiness
AllBusiness.com provides business information and resources for small businesses, those companies with fewer than 500 employees. The company also conducts research to measure the health and direction of the small business sector. History AllBusiness was cofounded in 1999 by San Francisco lawyer Richard Harroch, Keith Belling, and Jerry Engel. Harroch served as the company's chairman, Belling as CEO, and Engel as chief financial officer. Within a year, AllBusiness grew to more than 100 employees and the company hired Teymour Boutros-Ghali (a nephew of former UN Secretary General Boutros Boutros-Ghali) as CEO and Belling moved to the position of President. It was acquired by NBCi, the Internet venture of NBC, a subsidiary of General Electric, in March 2000 for $225 million USD. At the time, it was one of the largest purchases of a dot-com company. NBCi merged AllBusiness with an independent Internet company, BigVine.com, in November 2000 and the combined entity assumed the name AllB ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eddie Murphy
Edward Regan Murphy (born April 3, 1961) is an American actor, comedian, writer, producer, and singer. He rose to fame on the sketch comedy show ''Saturday Night Live'', for which he was a regular cast member from 1980 to 1984. Murphy has also worked as a stand-up comedian and is ranked No. 10 on Comedy Central's list of the 100 Greatest Stand-ups of All Time. Murphy has received Golden Globe Award nominations for his performances in ''48 Hrs.'' (1982), the Beverly Hills Cop (film series), ''Beverly Hills Cop'' series (1984–present), ''Trading Places'' (1983), ''The Nutty Professor (1996 film), The Nutty Professor'' (1996), and ''Dolemite Is My Name'' (2019). He has also won numerous awards for his work on the fantasy comedy film Dr. Dolittle (1998 film), ''Dr. Dolittle'' (1998) and its Dr. Dolittle 2, 2001 sequel. In 2007, Murphy won the Golden Globe Award for Best Supporting Actor – Motion Picture, Golden Globe for Best Supporting Actor and received a nomination for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Net Income
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period. It is computed as the residual of all revenues and gains less all expenses and losses for the period,Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning and has also been defined as the net increase in shareholders' equity that results from a company's operations.Needles, et al. (2010) Financial Accounting. Cengage Learning. It is different from gross income, which only deducts the cost of goods sold from revenue. For households and individuals, net income refers to the (gross) income minus taxes and other deductions (e.g. mandatory pension contributions). Definition Net income can be distributed among holders of common stock as a dividend or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Chain
A value chain is a progression of activities that a firm operating in a specific industry performs in order to deliver a valuable product (i.e., good and/or service) to the end customer. The concept comes through business management and was first described by Michael Porter in his 1985 best-seller, ''Competitive Advantage: Creating and Sustaining Superior Performance''. The concept of value chains as decision support tools, was added onto the competitive strategies paradigm developed by Porter as early as 1979. In Porter's value chains, Inbound Logistics, Operations, Outbound Logistics, Marketing and Sales, and Service are categorized as primary activities. Secondary activities include Procurement, Human Resource management, Technological Development and Infrastructure . According to the OECD Secretary-General the emergence of global value chains (GVCs) in the late 1990s provided a catalyst for accelerated change in the landscape of international investment and trade, wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
