Add to favorites
In January 2021, the FASB issued ASU 2021-02, Franchisors—Revenue from Contracts with Customers (Subtopic 952-606), which applies to nonpublic entities (that is, all entities other than public entities, as defined) that are franchisors, as defined within ASC 952, Franchisors. ASU 2021-02 includes a practical expedient that permits a nonpublic franchisor to account for certain pre-opening services identified in ASC 952-606-25-2 as distinct from the franchise license in a franchise agreement. Refer to RR 8.4.4 for details on this practical expedient.

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

Your session has expired

Please use the button below to sign in again.
If this problem persists please contact support.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide