Franchise Accounting

Address the unique accounting challenges embedded in franchise agreements. This course explains how to account for franchise fees, cooperative advertising funds, construction payments, and franchise repurchases within a consistent financial reporting framework. Analyze the contractual features that drive recognition and measurement decisions, then apply standardized treatments to recurring franchise transactions. Develop a disciplined approach that brings clarity and consistency to franchise accounting practices.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course Number: AC1125

Learning 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.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: August 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.