FRS 102 in Bitesize - Triennial Review - What You Need to Know for 1 January

Introduction

The latest version of FRS 102, published in March 2024, introduces fundamental and far-reaching changes to UK GAAP—particularly in the areas of leasing and revenue recognition. These changes become mandatory for accounting periods beginning on or after 1 January 2026, although early adoption is permitted.

This short and focused webinar will provide a clear overview of the key changes, explain what they mean in practice, and guide you through how to prepare for implementation. It will also explore whether early adoption is the right choice for your organisation or clients.

This webinar is ideal for accountants and auditors at all levels who need to stay ahead of the latest developments in UK financial reporting.

What You Will Learn

This short webinar will cover the following:

• Brief summary of key changes to FRS 102 (including section 1a) introduced by the March 2024 version
• Explanation of the impact on changes to lease accounting and revenue recognition - practical examples and required journal entries will be covered
• Identify additional or revised disclosure requirements under the updated FRS102
• Assess the wider impact of adoption including early adoption - impact on key financial ratios, tax effect and choice between FRS 101 and FRS 102 for group companies

This pre-recorded webinar will be available to view from Wednesday 27th August 2025

Alternatively, you can gain access to this webinar and 1,900+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.