Does the Focus Cfo FDD include Consolidated Statements of Cash Flows in its financial statements?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT
To the Members Focus CFO Group, LLC Columbus, Ohio
Opinion
We have audited the accompanying consolidated balance sheets of Focus CFO Group, LLC and Subsidiary (the Company) (a Limited Liability Company) as of December 31, 2024 and 2023, and the related consolidated statements of income, members' equity, and cash flows for the three years ended December 31, 2024, 2023, and 2022, and the related notes to the consolidated financial statements. In our opinion the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Focus CFO Group, LLC and Subsidiary as of December 31, 2024, 2023, and 2022, 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 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the financial statements include consolidated statements of cash flows. The Independent Auditor's Report states that the audit covered the consolidated balance sheets as of December 31, 2024 and 2023, along with the related consolidated statements of income, members' equity, and cash flows for the three years ended December 31, 2024, 2023, and 2022.
This means that prospective Focus Cfo franchisees can review the company's cash flow statements for the past three years, providing insight into how the company has generated and used cash. These statements are crucial for understanding the company's financial health and its ability to meet its obligations. The inclusion of these statements reflects standard accounting practices and provides transparency to potential investors.
Furthermore, the auditor's opinion confirms that these statements present fairly the financial position, results of operations, and cash flows of Focus CFO Group, LLC and Subsidiary in accordance with accounting principles generally accepted in the United States of America. This independent audit adds credibility to the financial information presented in the FDD, assuring potential franchisees that the financial data has been reviewed and validated by an independent accounting firm.