Are the Best Western financial statements presented in US dollars?

According to Best Western's 2025 Franchise Disclosure Document, the financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. Specifically, the independent auditor's report states that they have audited the consolidated financial statements of Best Western International, Inc., which include the balance sheets 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. The auditor's opinion confirms that these financial statements present fairly the financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America.

This indicates that the financial statements are presented in US dollars, as this is the standard currency for financial reporting under US GAAP (Generally Accepted Accounting Principles). A prospective franchisee can be reasonably confident that all figures within these statements, such as revenues, expenses, assets, and liabilities, are denominated in US dollars. This is a standard practice for US-based franchisors, providing clarity and consistency for potential franchisees reviewing the financial health of the company.

It is important for prospective franchisees to carefully review these financial statements, including the notes, to understand Best Western's financial performance and position. Understanding the currency in which these statements are presented is a fundamental aspect of this review. While the FDD doesn't explicitly state "US dollars", the reference to US GAAP implies that the currency is indeed US dollars. If there is any doubt, a prospective franchisee should confirm this directly with Best Western during their due diligence process.