The Financial Accounting Standards Board has adopted new accounting requirements that change how a franchisee or a franchisor must account for its lease obligations within their financial statements.

In this 10-minute podcast, franchise lawyer and litigator John Gotaskie joins  industry professionals Jeff Deane of BKD CPAs and Advisors and Jim Powers of Ablak Holdings to discuss how franchisees and franchisors will see significant changes to their balance sheets, regulatory reporting processes and loan agreements and covenants.

If you prefer to download the transcript, click here.