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As applied to Hollywood's profits and losses, creative writing could soon become a much more difficult craft. On September 18, a new set of strict accounting guidelines for film studios was taken under consideration by the Financial Accounting Standards Board, a movie-industry panel that establishes rules for accountants. The new standards are designed to bring Hollywood accounting more into line with standard business practices, or "to make the balance sheet tighter, more representationally faithful," as Standards Board project manager Frank Scheuerell puts it.