FRS 102 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 and liabilities.
FinQuery gets it. That’s why we created our FRS 102 Transition Guide – your essential roadmap to smooth compliance.
Get your free guide to confident compliance:
- 10-Step Transition Roadmap: From lease portfolio analysis to final adjustments, master FRS 102 lease accounting.
- FRS 102 Impact & Classification: Understand the shift of off-balance sheet leases, key UK GAAP changes, and lease classification.
- Software for Seamless Compliance: See how lease accounting software automates, centralizes, and streamlines reporting.
- Data Validation: Practical advice for complete lease data and essential financial schedules.
- Simplify Transition Complexities: Navigate adoption approaches and first-time exemptions with ease.
Why is this guide essential for your team?
- Avoid common pitfalls: The guide helps you proactively prepare for the complexities of FRS 102 lease accounting.
- Ensure accuracy: Learn how to implement well-defined processes for identifying, collecting, and validating lease data.
- Save time and resources: Discover how dedicated lease accounting software can automate complex calculations and reporting, significantly reducing the risk of errors.
- Gain confidence: Our step-by-step approach provides a clear roadmap to navigate the transition effectively.