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Posts Tagged ‘franchise consultant’

What Is A Franchise Earnings Claim?

DEFINITION OF A FRANCHISE EARNINGS CLAIM What is a franchise earnings claim? As a prospective franchisee, you want to know how much money  you can expect to generate from the franchise business in which you are investing.  A franchise earnings claim is any information provided to a prospective franchisee that allows that individual to predict…

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New Accounting Rule ASC 606 Will Greatly Impact Franchisors and Consultants

Rule ASC 606 The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board recently jointly issued rule ASC 606 known as “Revenues From Contracts With Customers”.  ASC 606 has the potential to dramatically change the franchise industry.  In a nutshell, this new rule governs when the franchise fee can be recognized (from an accounting…

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