What is the required accounting method for financial statements submitted to Bigfoot Forestry?

According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America ('GAAP'). This is mentioned within the 'Summary of Significant Accounting Policies.'

For a prospective franchisee, this means that the financial information provided by Bigfoot Forestry adheres to a standardized and widely recognized set of accounting rules. This promotes transparency and comparability, allowing potential franchisees to better understand the franchisor's financial health and performance.

It is important to note that while Bigfoot Forestry adheres to GAAP for its own financial statements, the FDD does not explicitly state what accounting method franchisees must use when submitting their own financial data. However, the FDD states that the Brand Standards Manual includes policies and procedures pertaining to accounting and bookkeeping. Therefore, franchisees should confirm with Bigfoot Forestry what accounting methods and reporting standards they must follow for their own financial reporting to the franchisor.