FRS 102 changes effective from 1st January 2026
FRS 102 changes came into effect from 1 January 2026. Many businesses will see a material impact on their financial statements, reported results and tax position. Join us for an informative and practical session exploring the most significant changes to UK GAAP in over a decade.
This session will break down what’s changing, why it matters, and how you can prepare.
What we’ll cover:
- Lease accounting changes – most leases will now be recognised on the balance sheet as a right of use asset with a corresponding lease liability
- Revenue recognition updates – introduction of the new 5-step revenue recognition model
- Impact on reported results – including operating profit, EBITDA, banking covenants and financing arrangements
- Tax implications – how the changes could increase or reduce your tax liabilities
- Practical actions – steps businesses can take now to prepare for compliance and maximise opportunities
- Expert insights – guidance on navigating the changes smoothly and avoiding common pitfalls
Whether you are a director, finance professional, or advisor, this session will provide the knowledge you need to plan ahead and streamline your company reporting
The session is CPD verifiable and a certificate will be provided for all attendees if required
Speakers
This session will be delivered by Jason Leach, Emily Gillbanks and Matt Bailey, Audit and Technical Directors at bennettbrooks. Together, they bring extensive experience in audit, financial reporting and UK GAAP across a wide range of sectors. Their combined expertise includes advising businesses on complex accounting standards, navigating regulatory change, and supporting clients through significant reporting transitions. With a strong practical focus, they work closely with owner-managed businesses and larger organisations to ensure accounting changes are implemented clearly, compliantly and with minimal disruption.
Event Details
📅 Date & Time: Wednesday, 25th February 2026, 8-10.30amÂ
📍Â Location:Â Cottons Hotel & Spa, Manchester Road, Knutsford, Cheshire, WA16 0SU
📜Â CPD Verifiable:Â Yes
