Capital projects in media production
I have the below scenario for one of our client, who is a TV Program production company:
Assuming a TV Program, that runs for four seasons and each season will have not less than 20 episodes. It is required to capture all expenses related to every episode, so the task hierarchy is defined as below and the Program is treated as a SINGLE Asset in their Oracle Assets.
1.0 Season 1
1.1 Episode 1
1.1.1 Scene 1
1.1.2 Scene 2
1.2 Episode 2
1.2.1 Scene 1
1.2.2 Scene 2
2.0 Season 2
2.1 Episode 1
2.1.1 Scene 1
2.1.2 Scene 2
2.2 Episode 2
2.2.1 Scene 1
2.2.2 Scene 2
And so on... Now the critical requirement is, the customer will broadcast the program episode wise and the life is 5 years from the date of broadcast. For example, when first 10 episodes are complete and "Ready-To-Broadcast", they will broadcast the episodes and start depreciation from that date to next 5 years. Likewise, when next 10 episodes are complete and "Ready-To-Broadcast", their depreciation will start from their date of broadcast, but all should be placed under one single asset identified with that TV Program name.