Franchisor Revenue Recognition Simplified
Lee Plave Plave Koch and Aaron Chaitovsky, CPA Citrin Cooperman On January 28, 2021, the Financial Accounting Standards Board (FASB) issued its long-awaited “practical expedient,” which will truly help privately-held franchisors tackle the relatively new revenue recognition requirements of US GAAP. Franchisors have been waiting for this development for quite some time, and the FASB […]
