Accounting for franchise fee revenue.
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Accounting for franchise fee revenue.

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Published by American Institute of Certified Public Accountants in New York .
Written in English

Book details:

Edition Notes

SeriesIndustry accounting guides
The Physical Object
Paginationvi, 21p.
Number of Pages21
ID Numbers
Open LibraryOL21597196M

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  For example, if a franchisee pays a $, franchise fee plus a $ a month continuing fee to cover the franchisor’s obligation of providing back office accounting and billing support, a portion of the initial fee, the $,, may have to be deferred and amortized over the life of . Welcome to Entrepreneur’s 41st annual Franchise ® ranking. For more than four decades, we’ve been studying the franchise industry and honing our proprietary formula in order to bring you. Committee on Franchise Accounting and Auditing. Accounting for franchise fee revenue. [New York, American Institute of Certified Public Accountants, ] (OCoLC) Document Type: Book: All Authors / Contributors: American Institute of Certified Public Accountants. Committee on Franchise Accounting and Auditing. OCLC Number: An 8% royalty fee on this revenue equates to $56, and at% revenue tax; it saves the small business $ per year. Summary – Franchise and Revenue Taxes. Franchise fees are essentially a royalty or co-sharing of revenue. The contra method is the most widely accepted method to record a sales transaction related to franchise revenue.

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  In May , the Financial Accounting Standards Board (FASB) issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. generally accepted accounting principles (GAAP). All franchisors whose financial statements are prepared in accordance with U.S. GAAP. offers valuable information as well as a list of franchise business-to-business opportunities in accounting. Gain an understanding of what it takes to find and own a successful. revenue obtained by a company that allows an independent party to operate a business using its name, merchandise, and supplies. Franchise fee revenue from the initial sale of a franchise is recognized by the franchisor only when all material services or conditions applicable to the sale have been substantially ntial performance is indicated by: (1) absence of intent to refund. : Accounting for Franchise Fee Revenue (Financial Accounting Standards Board. Fasb Statement, No 45) (): Financial Accounting Standards Board: Books5/5(1).