Franchising: An Accounting, Auditing, and Income Tax Guide
Brings together accounting, tax and auditing rules and regulations relating to franchising in an indispensable resource for franchisees, franchisors and their accountants, lawyers and tax preparers. By presenting issues from both the franchisor's and franchisee's perspective, it promotes greater understanding between professionals. Replete with real-world examples that provide readers with working documents and procedures on which to model their own business practices. Topics include setting up the franchise; purchase costs, fees and revenues; financial reporting and disclosure; auditing; foreign franchisors in the U.S.; and more. Annual updates keep subscribers apprised of regulatory changes.
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BUSINESS FORMAT FRANCHISINGAN OVERVIEW
Equipment or Sign Lease Revenue 5 97
FRANCHISE DEVELOPMENTPURCHASE COSTS
29 other sections not shown
accepted accounting principles Accounting Treatment addition advertising fund AICPA amortization amount and/or annual financial statements Appendix assets assumptions audited financial audited statements Auditing Considerations auditor balance sheet certified public accountant chisee chisor Commission December 31 deferred disclosed disclosure document earnings claim equipment estimated example expenditures expenses filed Financial Statements Presentation fiscal forecast fran franchise business franchise development costs franchise fee revenue franchise rights franchise sales franchise system franchised outlets franchisor Franchisors/Franchisees gross sales guarantee income statement income tax Income Tax Treatment incurred initial franchise fee inventory lease liability Master Franchisee material ment Note obligations offering circular opening operating option paragraph payment period potential Premises prior profits prospective franchisee purchase reasonable basis received Refer to Chapter representation respect royalties sales volume Section specific sublease substantial performance suppliers term tion UFOC unaudited XYZ Franchising U.S. year-end