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FASB issues staff paper related to implementation of the revenue recognition standard by private-company franchisors

  • FASB (US Financial Accounting Standards Board) Image

Nov 05, 2018

The FASB has issued an educational staff paper containing examples designed to assist private-company franchisors with implementing the new revenue standard (ASC 606). One of the main topics addressed in the staff paper is the judgment a franchisor uses in identifying performance obligations.

For more information, see the press release and staff paper on the FASB’s Web site.

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