Chapter 3

Basic Accounting



As I work on the new edition of this book, I’m constantly reminded of how much the industry has changed since the previous edition was released. When it comes to Accounting, what comes to mind immediately is how the size of the accounting department has exponentially grown by leaps and bounds. I know this dates me, but I remember that on the small to moderately budgeted features and television shows I used to work on, we always had a two-person accounting department — maybe three if it was a bigger show — the third person being a payroll accountant. On the last feature I worked on, there were 12 people in the accounting department (which included two payroll accountants and a construction accountant). ...

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