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 […]
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 […]