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...
by Abdi Ali, Senior Technical Accounting Consultant | Mar 10, 2025
1. FRS 102 summary FRS 102 lease classification for lessees What qualifies as a lease under FRS 102? FRS 102 lessor accounting How to calculate the lease liability and ROU asset under FRS 102 2. FRS 102 finance lease example (lessee) Lease liability schedule Journals...
by Rachel Reed, Team Lead, Technical Accounting Consultants | Jan 13, 2025
The accounting treatment of leases has undergone significant changes in recent years, driven by a need for greater transparency and a more accurate representation of a company’s financial position. Both FRS 102, the local standard used by most UK and Irish...
