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MFM-BCCA to Host November Lunch & Learn Media & Entertainment – 2020 Year End Update

"Lunch & Learn to explain how companies in the media industry are transforming their finance function"

Media Financial Management Association (MFM) today announces its November Distance Learning Seminar, Media & Entertainment – 2020 Year End Update. The hour-long session, hosted by EY experts, will cover a range of topics affecting media and entertainment companies. The panel will discuss technical accounting topics arising out of COVID-19 and the projected effects of the expected credit loss standard along with other topics. In addition, they will provide insights into how companies in the industry are seeking to transform their finance function and provide an update on forensics/compliance trends across the industry. The session will be held Tuesday, November 17, at 1:00 p.m. ET.

Session presenters from EY are Samantha Tully, Financial Accounting Advisory Services, Senior Manager; Orchid Baron, Financial Accounting Advisory Services, Senior Manager; Greg Battaglia, Business Consulting, Senior Manager; and Jesse Silvertown, Forensics, Senior Manager. Key takeaways from the session include:
• Ability to communicate the impact of COVID-19 on media and entertainment companies;
• Understanding of the impact of the current expected credit loss standard;
• Explanation of how companies in the media industry are transforming their finance function.

“COVID-19 has necessitated changes within the finance function of media companies,” said Mary M. Collins, president and CEO of MFM and its BCCA subsidiary, the media industry’s credit association. “This panel will provide insights on mitigating loss and also look at forensic and compliance trends media companies need to be mindful of as they close out 2020.”

Registered participants in the Distance Learning Seminar will be eligible to receive up to one (1) CPE credit toward their certified public accounting (CPA) license. MFM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.The registration fee for the virtual seminar is $25 for individual members of either MFM or BCCA (a $25 discount from the normal $50 rate, courtesy of EY), $75 for non-members, and free of charge to MFM corporate members. An additional $20 late fee will be charged for registrations made after Monday, November 16, 2020. More information on CPE prerequisites and an online registration form may be found on MFM’s website.

About MFM and BCCA
Media Financial Management Association (MFM) is the premiere resource for financial professionals for media industry education, networking, and information sharing throughout the U.S., Canada, UK, and Europe. More information about MFM is available on its website, https://www.mediafinance.org, and via its updates on LinkedIn, Facebook, Instagram, and Twitter. Its BCCA subsidiary serves as the media industry’s credit association. BCCA’s revenue management services encompass a variety of credit reports on national and local media advertisers and agencies, including Media Whys, a credit report for media businesses that offers a credit score based on industry-specific aging combined with trade data from Experian or D+B. More information about BCCA is available at https://www.bccacredit.com as well as its updates on LinkedIn, Facebook, and Twitter.

About EY
EY is a global leader in assurance, tax, strategy, transaction and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com.

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