PwC comments on franchisor revenue recognition proposal

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Comment letter , PwC US Oct 26, 2020

PwC has commented on the FASB’s proposed ASU on accounting for certain pre-opening activities in a franchise agreement under the revenue standard.

Key takeaways

  • PwC commented on the FASB’s proposed practical expedient on pre-opening services

  • The franchisor could account for certain pre-opening services as distinct

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David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

Angela Fergason

Angela Fergason

Partner, National Professional Services Group, PwC US

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