What accounting standards does Itan follow for fair value measurements?

According to Itan's 2025 Franchise Disclosure Document, the company adheres to accounting standards consistent with the Financial Accounting Standards Board (FASB) codification for fair value measurements. This codification defines fair value, establishes a framework for measuring it, and enhances disclosures related to fair value measurements for all financial assets and liabilities.

For a prospective Itan franchisee, this means that Itan's financial statements are prepared using a standardized and recognized method for determining the value of its assets and liabilities. This provides a level of transparency and comparability, as the FASB codification is widely used across various industries.

The FDD also states that these fair value measurements have no material financial effects on Itan's financial statements. This suggests that while Itan follows the required accounting standards, the impact of these measurements on the overall financial picture of the company is not significant.

It is important for potential franchisees to understand that while the franchisor adheres to GAAP and FASB standards, they should still conduct their own due diligence and seek professional financial advice to fully understand the financial implications of investing in an Itan franchise.