French Intellectual Property Code
In forceCollective management organisations draw up annual accounts comprising a balance sheet, an income statement and notes, in accordance with a regulation of the accounting standards authority and in such a way as to separate:
1° Income from the exploitation of rights and any revenue or assets resulting from the investment of such income;
2° Any of their own assets and income from these or other activities, as well as the sums they receive as management fees.
The accounting rules common to collective management undertakings are laid down by the Autorité des normes comptables.
