13 Oct 2025

Changes under FRS 102: watch our video guides

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If you run a UK business, the upcoming changes to the FRS 102 accounting standard could have a significant impact. From January 2026, the way we account for leases and revenue is changing, aligning more closely with international standards. Are you, your team and your systems & processes ready for these changes?

Our experts in FRS 102 are here to help you stay ahead. In our new video guides, Co-Head of Audit Katherine Rose and Head of Audit Excellence Aron Kleiman will give you an overview of what’s changing, drill down into the changes to lease accounting and revenue recognition, and share practical tips on how to start getting your business ready.

Introduction to FRS 102

Summarising the changes to FRS 102 from January 2026, the major effects that these could have on your business, and the importance of starting your planning now.

Lease accounting under FRS 102

Unpicking how the FRS 102 changes will affect how businesses account for operating leases by bringing them onto their balance sheets. Find out about the potential impact on your business metrics, and how you and your team should be getting ready.

Revenue recognition under FRS 102

Explaining how the changes to FRS 102 will alter how businesses recognise revenue. Learn about the new five-step model, how your business could be impacted, and the actions you should take to get ready.

How BKL can help

With increased admin, more complex reporting requirements and new calculations to get used to, we appreciate how daunting the updated FRS 102 rules may feel.

We’re experienced at guiding business owners and their teams through the practical impacts of changes to accounting standards. We’re here to help you to navigate the lease and revenue changes – from explaining the effect on your numbers including taxation through to improving your systems and processes – so that you maintain clear, compliant financial reporting as you take your business forward.

 

Join our FRS 102 webinar on 28 October

To hear directly from our experts about the changes, and to get answers to your questions, we’ll be holding an FRS 102 webinar on Tuesday 28 October. Find out more and register here.

Book your place today

For a chat about how we can help your business to prepare for the new accounting standards, send us an enquiry or get in touch with your usual BKL contact today.

Recent

Read more: FRS 102 changes from January 2026