FASB ASC 952 - Franchisors


The Financial Accounting Standards Board (FASB) released Accounting Standards Codification 952 (ASC 952) to address those topics related to businesses that are considered to be franchisors. These can be unique business models as they often include franchise fees, product sales, agency sales, repossessed franchises, franchising costs, and commingled revenue. In fact, the relationship between the franchisor and franchisee requires special accounting treatment as well.

Check out more high level explanations of the FASB ASC in our Guide to the Accounting Standards Codification!

For more in depth information on this and other FASB ASC topics, check out the following books.

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