Revenue Recognition Changes Coming for Restaurant Franchisors

Revenue recognition used to be very simple for franchisors. Upon evidence of completion of all initial obligations (training, site selection, etc.), the franchisor would recognize the revenue from the initial franchise fee. On May 28, 2014, the FASB issued ASU 2014-09, which provided new guidance for recognizing revenue for contracts with customers and is poised to change the way franchisors recognize their revenue.

Prepare For Change: New Lease Accounting Rules to Affect Retail, Restaurant Industries

The Financial Accounting Standards Board (FASB) and its international affiliate, the International Accounting Standards Board (IASB), are currently reviewing proposed new lease accounting rules that, if approved, will significantly affect the retail and restaurant industries.

Proposed Lease Accounting Changes: What Does This Mean For Multi-Unit Franchisees?

Multi-Franchisee magazine explores the implications the new FASB lease regulation changes will have on franchisee-owned businesses.

The New Lease Accounting Standards. So What's Really Changed?

The current practice of accounting for operating leases paints an incomplete picture of the financial position of a company and lacks the transparency that investors need. The new regulations require that lease assets and liabilities get recorded on the balance sheet.  The biggest challenge with this update will be getting accurate information about your lease portfolio.  If you’re like most companies, lease information is spread across the organization, geographically, across departments and in different formats.  Learn more about the changes in the FASB regulations and what to do about it.

Overcoming the FASB Obstacles. Things to Consider.

Aside from the challenges of having to revisit accounting practices that have been in place for years, or deal with accounting complexities of how lease obligations will be recorded on the balance sheet, the implications on how you construct and manage your retail real estate portfolio could be monumental.  Learn how the new regulations will impact your business.

FASB Issues New Guidance on Lease Accounting

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment.