FRS 102 Lease Accounting vs. The Cash Flow Impact
If you’re preparing for the 2026 changes to FRS 102, lease accounting needs to be at the top of your list. In this blog, we break down key considerations for FRS 102 lease accounting. One area where these changes will be especially visible – and often overlooked – is the cash flow statement. This update […]
FRS 102 Lease Accounting: 5 Key Implementation Steps
Big changes are coming to lease accounting under FRS 102, and they’re just around the corner. For accounting periods beginning on or after 1 January 2026, the updated version of FRS 102 will significantly reshape how leases are recorded, reported, and managed by UK businesses. If this feels familiar, that’s because it is: the new […]
How to Calculate the Discount Rate Under FRS 102: A Practical Guide for Lease Accounting
If your company needs to account for leases under FRS 102, choosing the right discount rate for lease liabilities is a key step in ensuring accurate and compliant financial reporting. One of the most practical and widely accepted methods is to calculate the Obtainable Borrowing Rate (OBR) by adding a credit spread to a risk-free […]
IFRS 16 Summary: 10 Important points you need to know
Understanding IFRS 16 is crucial for businesses and financial reporting as it brings significant changes to lease accounting by affecting financial statements. This standard promotes transparency to financial statements by requiring the recognition of lease assets and liabilities, directly impacting financial reporting, lease accounting, and IFRS 16 leases. Here are ten critical points that provide […]