Webinar replay: A closer look at FRS 102

The recent changes to FRS 102 will affect how companies account for operating leases and revenue in their financial statements.

This webinar looks at the deeper practical impacts, focusing on businesses with more complex leasing arrangements or revenue streams, such as long‑term contracts, where the effects are more likely to be significant. Understanding these areas early is important to prepare properly for reporting under the updated standard.

The session covers:

Lease accounting changes with complex arrangements

How the updated FRS 102 affects businesses with more involved leasing structures, including the balance sheet, profit timing and key metrics.

Revenue recognition for long‑term and complex contracts

A closer look at where the new rules change when revenue is recognised, particularly for long‑term contracts and arrangements with multiple performance obligations.

Knock‑on impacts: reported performance and tax considerations

The wider consequences of these changes, including shifts in reported results and the potential implications for corporation tax calculations.

For more FRS 102 news and updates visit our FRS 102 Hub.