Are the Baya Bar financial statements presented in US dollars?

According to Baya Bar's 2024 Franchise Disclosure Document, the financial statements are presented in accordance with accounting principles generally accepted in the United States of America. The independent auditor's report states that the balance sheets as of December 31, 2023, and 2022, and the related statements of operations, members' equity, and cash flows for the years ended December 31, 2023, 2022, and 2021 were audited. The auditor's opinion confirms that these financial statements fairly present the financial position of Baya Bar Franchise System, LLC.

This indicates that the financial statements are prepared using accounting standards specific to the United States. Typically, this implies that all monetary figures within these statements are denominated in United States dollars (USD). Franchisees and potential investors can be reasonably assured that the financial data provided is consistent with U.S. financial reporting norms.

For a prospective franchisee, this is important because it ensures that the financial information is presented in a currency and format that is standard and easily understandable within the U.S. business context. It allows for easier comparison with other franchise opportunities and businesses operating within the United States.