Due to the over litigious nature of the franchising industry accountants are a very important part of any franchise corporation. Companies must document all they are doing and keep impeccable records. A franchise accountant may be asked to work with franchisee accountants of the system, master franchises of the system or even the auditors who audit the annual financial statements to prepare them for the disclosure documents and the Franchise Registration States. Franchising companies have no choice but to pay high wages and salaries to their accounting teams, because they are indeed critical to the on-going nature of their business and to comply with Federal and State Regulatory Bodies. Some franchising companies, which are public companies have even a greater need for their accounting teams as all this work will go into company prospectuses, Uniform Franchise Offering Circulars and investor quarterly and annual reports. With all the rules and regulation in franchising today it is essential that franchisors keep impeccable accounting records and fully comply with all the onerous over regulation from the SEC, FTC and all the state regulatory bodies as well. Therefore a career as a Franchise Accountant is a unique opportunity to very high paychecks, good stock options and lots of upward advancement you see? Consider all this in 2006. |
