FRS 102: Guide to Transitioning to the New Lease Accounting and Revenue Recognition Requirements

OBJECTIVES

This webinar replay offers a comprehensive look at lease accounting and revenue recognition. FinQuery will introduce the amendments to FRS 102 and review a detailed lease example from start to finish, including the appropriate amortization schedule and journal entries. Complementing this, SOFTRAX will dive into key aspects of the revised FRS 102 standard as it relates to revenue recognition. SOFTRAX will explain the considerations to keep in mind prior to the FRS 102 changes that will occur beginning in 2026.

KEY TOPICS

• Establish a basic understanding of FRS 102 and how it may apply to your organisation and/or clients
• Understand the appropriate revenue recognition treatment under FRS 102
• Understand the proper accounting treatment for a lease under FRS 102 through an example
• Learn the benefits of using software for FRS 102 compliance for lease accounting and revenue recognition