Under what accounting standard does Dryject recognize revenue?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of DryJect Management, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the company's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. This indicates that Dryject adheres to U.S. GAAP standards for its financial reporting.
For a prospective franchisee, this means that Dryject's financial statements are prepared using a consistent and widely recognized set of accounting rules. This allows for easier comparison of Dryject's financial performance with other companies that also follow U.S. GAAP. It also provides a level of assurance that the financial information is presented fairly and transparently.
The independent auditor's report explicitly states that the financial statements present fairly the financial position, results of operations, and cash flows of DryJect Management, LLC in accordance with U.S. GAAP. This opinion from an independent auditor adds credibility to the financial statements and provides further assurance to potential franchisees.