FRS 102 - Accounting for Leases - Practical Considerations

Objectives

This webinar will provide the technical knowledge in accounting for leases under FRS 102, effective for periods beginning on or after 1 January 2026. It will highlight the new lease definition, the key principles and practical applications of lease accounting for lessees.

Key Topics

• Understanding the new lease definition and applying it for lessee accounting
• Accounting for right of use assets and lease liabilities
• Practical challenges in application, including variable lease payments, lease term and remeasurements
• The accounting exceptions available to the accounting treatment for leases
• The wider implications for lessees
• An overview of the disclosure requirements for lessees
• 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.