by Nicole Heath | Feb 24, 2026
FRS 102 The 46 Most Pressing Lease Accounting Questions from your Peers We have compiled answers to the most pressing questions asked by UK and Irish accounting professionals to help you navigate this shift with confidence. The era of “off-balance sheet”...
by Rachel Reed, Team Lead, Technical Accounting Consultants | Jan 21, 2026
Lease accounting has undergone significant changes with the amendments to FRS 102, the financial reporting standard applicable for organisations in Ireland and the UK. Specifically, Section 20, Leases, introduces a single on-balance sheet model for lessees, requiring...
by Nicole Heath | Dec 29, 2025
University of Oxford Slashes £55,000 in Audit Fees and Secures FRS 102 Compliance with FinQuery Click here to access a downloadable version of this case study. Read Our Story IndustryHigher Education LocationOxford, United Kingdom Leases50 leases under FRS 102 The...
by Emily Fish, Director, Product Accounting | Nov 24, 2025
The US Financial Accounting Standards Board (FASB) recently completed its Post-Implementation Review (PIR) of ASC 842, the US lease accounting standard. While you may be focused on your own FRS 102 transition for operating leases, there are critical, high-cost lessons...
by FinQuery | Oct 3, 2025
The mandatory effective date for lease accounting changes to FRS 102, which will bring most operating leases onto the balance sheet, is set for 1 January 2026. With what feels like plenty of time, it’s tempting to push this transition to the bottom of the priority...
by Jonathan Grimes, Technical Accounting Consultant | Sep 15, 2025
The updates to Financial Reporting Standard 102 (FRS 102), set to take effect for accounting periods beginning on or after 1 January 2026, have many companies finding themselves in a state of financial transformation. The adjustments are meant to hold companies...
