FRS 102 - Accounting for Income - Practical Considerations

Objectives

This webinar will provide essential technical knowledge of applying the new five-step model in accounting for revenue under FRS 102, effective for periods beginning on or after 1 January 2026. It will highlight the key principles and practical applications of recognising and measuring revenue.

Key Topics

• The key principles in the five-step model
• Practical challenges for revenue recognition and measurement, including identifying performance obligations and variable consideration
• Measuring contract assets and contract liabilities
• Understanding the disclosure requirements
• Overview of the transitional arrangements

Who Should Attend 

All levels of staff who are involved in the preparation and/or audit of financial statements prepared under UK GAAP and who need to keep up to date on the changes in FRS 102 effective 1 January 2026.