by Taylor Guthrie, Technical Accounting Consultant | Jun 18, 2025
In March 2024, the Financial Reporting Council (FRC) published the most significant revision to FRS 102 since its inception. The update, effective for accounting periods beginning on or after January 1, 2026, introduces a single accounting model for lease accounting...
by Nicole Heath | Jun 10, 2025
FRS 102 Lease Transition Guide: Your Step-by-Step Approach FRS 102 lease accounting is a game-changer for UK and Irish businesses. No more off-balance sheet operating leases—now, most lease obligations hit your balance sheet, demanding a deep understanding of assets...
by Nicole Heath | May 29, 2025
Your Guide to Choosing FRS 102 Lease Accounting Software Overwhelmed by lease accounting changes in FRS 102? This guide provides 13 crucial questions to help you confidently evaluate vendors and choose the right solution for your FRS 102 lease accounting compliance...
by Kiley Arnold, CPA | May 2, 2025
1. What is lease accounting? 2. Understanding lessee vs. lessor Lessee definition Lessor definition 3. Lease accounting under the old standards 4. Lease accounting standards: changes and full examples ASC 842 IFRS 16 GASB 87 SFFAS 54 FRS 102 5. Why were new standards...
by Rachel Reed, Team Lead, Technical Accounting Consultants | Apr 16, 2025
In order to comply with the revised requirements for lease accounting under FRS 102, particularly those outlined in Section 20, you’ll need to conduct a thorough lease inventory. This will require you to gather, review, and consolidate your lease information. Though...
by Brianna Reed | Mar 19, 2025
On-Demand Webinar FRS 102 : Detailed Lease Transition Example On-Demand LevelBasic SubjectAccounting CostFree CPE CreditsN/A Learning Objectives Establish a basic understanding of FRS 102 and how it may apply to you. Learn to compare and contrast the lease accounting...
