Contact Us

Oregon Office:

Douglas D. Smith

22021 SW Sherwood Boulevard 

PO Box 1034

Sherwood, Oregon 97140-1034

Phone: (503) 840-0000


Utah Offices:

Bradley D. Smith

FranchiseSmith Utah, LLC

5508 West Kensington Circle

Highland, Utah 84003

Phone: (801) 615-1564


Douglas D. Smith

Franchise Smith, LLC

201 Red Pine Drive #4

Alpine, Utah 84004-5618

Phone: (503) 840-0000


Please understand that the

information contained in

this website is provided

for general information. It

may or may not reflect

the most current legal

developments and new 

business practices. It is

not provided in the course

of the attorney-client

relationship and is not

intended to be legal

advice or a substitute

for obtaining legal advice

from an experienced

franchise attorney 

related to your specific

needs and circumstances.

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Revenue Recognition of Franchise Fees - New FASB Instructions

November 5, 2018

Today, the FASB (Financial Accounting Standards Board) issued instructions for franchise companies concerning revenue recognition under newly revised Generally Accepted Accounting Practices in the United States ("US GAAP"). These instructions cover the rules for recognition of parts of an initial franchise fee as various goods and services are delivered (i.e., equipment, signs, layout and design, franchisee training, location selection, etc.) rather than pro rata recognition of the initial franchise fee over the term of the franchise contract. 


See the FASB press release:

and the FASB instructions://

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