FRS 102 Lease Accounting
Software Selection Guide
UK GAAP preparers are discovering that simple spreadsheets and basic ERP modules cannot handle the complex mathematical modelling required to capitalise assets under the amended FRC lease accounting framework.
To help you navigate this permanent shift in financial reporting, we have compiled an essential resource: Software Selection Guide for FRS 102 Lease Accounting. This guide provides an objective framework to evaluate the market across critical compliance and operational metrics.
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Inside the Guide:
- The FRS 102 Readiness Audit: Learn how to audit your current setup to eliminate compliance risk.
- Audit-Ready Internal Controls: Discover why spreadsheets leave internal controls weak, and how moving to an ISAE 3402 or SOC 1 Type II validated platform provides the institutional confidence statutory auditors require.
- The ERP Customisation Tax: Understand the hidden costs of using ERP modules (including external developer billable hours).
- An 8-Point Software Checklist: Stress-test potential solutions against critical demands, including dual-reporting capabilities (simultaneous FRS 102 and ASC 842) and automated cumulative catch-up entries.
