Franchise Accounting ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
The contractual arrangements between franchisors and franchisees present unique issues for the accountant. Franchise Accounting clarifies how to account for such matters as franchise fees, cooperative advertising funds, construction payments, and franchise repurchases. The accountant can use this course as the basis for a standardized approach to dealing with franchise accounting issues.
Highlights
The franchising process. Fees associated with a franchise agreement. Franchisor accounting issues. Franchisee accounting issues. Contract-related costs. Franchisor revenue recognition. Franchisee revenue recognition.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other financial managers.
Objectives
Recognize the general types of franchise agreements. Specify the proper accounting for a cooperative advertising fund. Describe the different types of accounting associated with repurchased franchises. Identify the types of transactions that can result in asset capitalization by a franchisee. Recognize the different presentation and disclosure requirements for franchisors and franchisees.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00