FRS 102 - Preparing for 2026: Accounting for Leases and Income

Objectives

This webinar will provide essential technical knowledge of the upcoming significant changes to FRS 102 in relation to leases and revenue. It will also provide insight into the challenges and wider implications to ensure preparers and auditors are ready for 2026.

Key topics

• Applying the five-step model to revenue recognition and measurement
• Practical challenges for revenue
• An overview of the disclosure requirements for revenue in both the Statement of Profit or Loss, the Balance Sheet and the notes to the financial statements
• Knowledge of the new lease definition and how it impacts presentation in the financial statements and wider implications
• Accounting for right of use assets and lease liabilities
• Exceptions available to the accounting treatment
• An overview of the disclosure requirements for leases.

Who should attend

All accountants and auditors of all levels 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 becoming effective in 2026.