Proposed Accounting Standards Changes and Their Effects on

Some specific areas will receive the most important changes. For example, revenue is only confirmed by forwarding goods or services to customers. This change will affect some long-term contracts. Percent revenue recognition can only be granted if the customer or customer is making a construction in progress during the construction process (Accounting Journal, 24 July 2010). Companies are also required to explain all different products or services.

• Effective January 1, 2018, the Company adopted the guidelines announced in ASC 606 "Revenue Recognition - Contracted Revenue with Customers". This standard changes the way franchisees check the initial cost of opening a new restaurant and the new franchise conditions. According to the new guidelines, the first franchise fee will be recognized on average during the franchise period. We expect that adoption of this guidance would adversely affect the 2018 franchise revenue and franchise revenues in 2018.

The amendment of FASB accounting standards in this update of accounting standards requires changes to the US GAAP financial reporting classification (classification). These changes are incorporated into the proposed 2016 classification law. This can be publicly commented through changes to the ASU taxonomy available at www.fasb.org and finalized as part of the annual release process starting September 2015.

General Accounting Principles (GAAP) recognized by the FASB are applied by non-governmental organizations. Updating accounting standards is not formal, but rather documents that tells how to revise accounting standards. It also provides additional information that will help GAAP users understand how GAAP will change and why the changes and changes will take effect. Notice to recipients of this comment recruitment Update of draft of accounting report Copyright © 2014 Financial Accounting Foundation. Copyright The copying of copyrighted material is permitted if such copy is for personal or organizational use only and can not be sold or distributed and each copy has the following cap. Copyright licensed