Are Deck Medic's accounting policies consistently applied in the preparation of financial statements?

According to Deck Medic's 2024 Franchise Disclosure Document, the company's accounting policies are consistently applied. The FDD states that the summary of significant accounting policies is presented to assist the reader in understanding and evaluating the company's financial statements. It also states that these accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation of financial statements.

This indicates that Deck Medic follows standard accounting practices and applies them uniformly across its financial reporting. For a potential franchisee, this consistency is important because it allows for easier comparison of financial statements across different periods. It also suggests a level of stability and transparency in Deck Medic's financial reporting practices.

The financial statements and notes, according to the FDD, are representations of Deck Medic's management, who are responsible for their integrity and objectivity. This highlights the importance of management's role in ensuring the accuracy and reliability of the financial information presented. An independent auditor also reviews these statements.