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Hollywood Accounting: A CPA's Journey Into Entertainment

Mar 8, 2024

Explore the world of entertainment finance with a CPA's journey into Hollywood accounting, discussing complex profit participation, Netflix content accounting, and the evolution of crypto assets in accounting standards. Discover the vital role of accountants in the creative industry and the potential integration of CPA abilities into AI applications.

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Episode notes

Introduction

00:00 • 5min

Exploring Background Items and Reflecting on Deloitte Experience

05:04 • 3min

Navigating the Transition from Audit to Entertainment in Los Angeles

08:19 • 3min

Exploring the World of Entertainment Accounting

11:14 • 20min

The Vital Role of Accountants in the Creative Industry

31:32 • 15min

Navigating Crypto Accounting and Financial Transparency

46:26 • 9min

Exploring the Potential of AI in Accounting

55:27 • 2min

Discussion on GPTs, Online Presence, and CPE Credits

57:06 • 2min

Blake’s conversation with Kendale King, CPA, gives an insider’s view into the intriguing world of entertainment finance. Kendale shares his transition from Big Four auditor to accounting for multi-million dollar studio deals. You’ll see a new side of accounting blending creativity with business strategy. Gain insight into entertainment studios’ complex “Hollywood Accounting” practices around profit participation and residuals. Understand Kendale’s integral role as crypto assets shape future accounting standards. Appreciate his vision to directly integrate CPA abilities into AI applications. If you want to hear an unconventional accounting journey and glimpse the opportunities for accountants to impact media and emerging technologies, join us for Kendale’s exclusive look behind the scenes.

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Chapters

(00:45) - Welcome Kendale to the Show
(01:53) - Favorite Gigs and the Impact of DreamCon
(06:26) - The Transition from Deloitte to the Entertainment Industry
(08:33) - Making the Leap to LA: From Audit to Entertainment Accounting
(14:14) - Deep Dive into Entertainment Accounting with Netflix
(16:29) - Understanding the Complexities of Content Accounting
(22:37) - Why do Studios Shelve Finished Films?
(26:51) - The Intricacies of Hollywood Accounting Explained
(34:40) - The Evolution of Kendale's Own Firm: KCK
(40:16) - The Pricing Puzzle: How KCK CPA Approaches Client Engagements
(43:13) - How Can Accountants Learn the Entertainment Business?
(46:40) - How Did Kendale Get into the Crypto Space?
(49:27) - How Did You Get Invovled with FASB?
(55:50) - Exploring AI in Accounting: The Future is Now
(57:53) - Where to Reach Kendale

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Connect with Our Guest, Kendale King

LinkedIn: https://www.linkedin.com/in/kendale-king-cpa-90916721/

Connect with Blake Oliver, CPA

LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/