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Franchise System Gift Card Program Considerations
Gift cards provide a great way to capture additional cash flow throughout the year, especially around the November and December holidays. As many new emerging brands are starting to franchise, […]
Franchising: Evaluating Franchisor Revenues
Aside from the revenue recognition specific to initial franchise fees, there are many other forms of franchisor revenues to evaluate. When looking at other funds and fees paid by the […]
Franchising: Revenue Recognition And Initial Franchise Fees
The Franchise Disclosure Document (FDD) generally requires three years of audited statements, which is included in Item 21 of the FDD. These financial statements are required to include financial statements […]
CECL For Restaurants And Franchisors
In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016 – 13, Financial Instruments – Credit Losses (ASC Topic 326). The update requires entities […]
Franchising: FDD Financial Disclosure Requirements and Considerations
Last month, we discussed the mandated audit requirements for the Franchise Disclosure Document (FDD) and introduced a few guidelines outlined by the Federal Trade Commission (FTC). Today, we will dive […]
Franchising: FDD Guidelines & Financial Statement Audit Requirements
If you’ve considered franchising your business, there are a number of legal and accounting-related matters you should be aware of and consider. Franchise regulations in the United States are governed […]