Financial Accounting Standards Board Simplifies How Private Company Franchisors Evaluate Certain Performance Obligations
January 29, 2021
January 29, 2021
NORWALK, Connecticut, Jan. 29 -- The Financial Accounting Standards Board issued the following news release on Jan. 28, 2021:
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that provides a practical expedient that simplifies how private company franchisors analyze certain activities when determining their performance obligations in a franchise agreement.
When a business owner (the franchisee) opens a new branch of a fra . . .
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that provides a practical expedient that simplifies how private company franchisors analyze certain activities when determining their performance obligations in a franchise agreement.
When a business owner (the franchisee) opens a new branch of a fra . . .