Very neat watch, and love the charm. Never seen an example of either. My thoughts:
Bulova had a contract to use "Acadamy Award" as a name from 1950-1954. Movement dated 1955 is a bit of a stretch, but not impossible if we don't know when production officially ceased using the name. Bulova could have continued making them into early 1955 and tagged them as 1954 to get around the contract. We have seen examples double dated 1949 (pre-agreement).
"KK" had a 14K case; if subject watch has wear to almost obscure stampings with no "brassing" it's likely a 14K case and a "KK".
Face and case identical to ad. Hands appear to be replaced, but with only one ad and no other examples in the database, hands might be correct.
Possibility of a movement swap - with or without hands accompanying it.
In my opinion, all corresponding dates are close enough and being such an unusual case not seen again in adverts, I'm comfortable calling this a 1955 Bulova AA "KK" noting slight possibility of a movement swap..
The only hanging question is what years were the "KK" produced per Bulova price lists? If the "KK" shows as a 1954 model, it could have been produced in Dec of 1954 using a movement fresh to inventory for the following year's production.