Do the Best Western financial statements include related notes?

According to Best Western's 2025 Franchise Disclosure Document, the consolidated financial statements, which include the statements of financial position as of November 30, 2024 and 2023, and the related statements of revenues and expenses, cash flows, and changes in net assets for the years then ended, include related notes. These notes are an integral part of the financial statements.

The inclusion of these notes signifies that the financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. These notes provide additional details and explanations to clarify the figures presented in the main financial statements. They offer insights into Best Western's accounting policies, potential risks, and other relevant information that is not immediately apparent from the face of the statements.

For a prospective Best Western franchisee, this means that the financial statements are more transparent and provide a more comprehensive view of the company's financial health. Reviewing these notes is essential to fully understand the financial position and performance of Best Western. Franchisees should pay close attention to the notes to understand the underlying assumptions, estimates, and potential risks that could impact the company's future financial performance.