FRS 102 Periodic Review 2024 - Leases: Understanding the Transition Requirements

Introduction

The FRS 102 Periodic Review 2024 Amendments are effective for periods commencing on or after 1 January 2026. Section 20: Leases, includes significant changes for lessee accounting.

This bite-sized session will provide you with a clear roadmap for transition to the revised Section 20 - detailing what to do, what choices you have and what to disclose.

What You Will Learn

This webinar will cover the following:

• Navigate the modified retrospective approach (what changes and when)
• Use practical expedients to simplify implementation
• Understand the transition adjustments
• Understand disclosures needed at transition