Do Deer Solution's accounting policies conform to generally accepted accounting principles?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
This summary of significant accounting policies is presented to assist the reader in understanding and evaluating the Company's financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation of financial statements.
A. Basis of Accounting
The Company's financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP").
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the company's accounting policies do conform to generally accepted accounting principles (GAAP). The notes to the financial statements explicitly state that the accounting policies have been consistently applied in the preparation of the financial statements.
Specifically, the summary of significant accounting policies is presented to assist the reader in understanding and evaluating Deer Solution's financial statements. The FDD indicates that these financial statements and related notes are the responsibility of the company's management, ensuring their integrity and objectivity.
Furthermore, the financial statements are prepared in conformity with accounting principles generally accepted in the United States of America. This declaration provides assurance to potential franchisees that Deer Solution adheres to standard and recognized accounting practices, which is a common and expected practice for franchisors.