In what fiscal year are adjustments to estimated amounts recognized in Bojangles' consolidated financial statements?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
In preparing its consolidated financial statements, the Company evaluated all subsequent events through April 15, 2025, which is the date the consolidated financial statements were available to be issued. All subsequent events requiring recognition and disclosure have been incorporated into these consolidated financial statements.
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles' 2025 Franchise Disclosure Document, the company evaluates subsequent events through April 15, 2025, in preparing its consolidated financial statements. This date represents when the consolidated financial statements were available to be issued. Any subsequent events that require recognition and disclosure are incorporated into these consolidated financial statements.
For a Bojangles franchisee, this means that any events occurring after the close of the fiscal year (December 29, 2024 and December 31, 2023) but before April 15, 2025, that have a material impact on the financial statements are adjusted and disclosed. This could include significant changes in assets, liabilities, or equity, or any other event that would affect the accuracy and fairness of the financial statements.
This practice aligns with standard accounting principles, ensuring that financial statements provide an accurate and up-to-date view of the company's financial position. Franchisees should be aware of this timeline as it affects the financial information provided by Bojangles and used for investment decisions.