GET TO KNOW THE FIVE-STEP REVENUE MODEL
The five-step revenue model might look straightforward at first glance. As always, the devil’s in the detail and we’ve broken each step down for you.
It’s Not Just About Revenue and Leases
Yes, the spotlight's on revenue recognition and lease accounting. FRED 82 brings a few other key changes to FRS 102 that are worth your attention. Here’s what else you need to know to stay ahead of the curve.
FRS 102: THE SMALL PRINT THAT PACKS A PUNCH
There’s been plenty of buzz around the headline changes to revenue and lease accounting in FRS 102, and fair enough, they’re big ones. But let’s not stop there.
Dig a little deeper into the detail, and you’ll find a whole range of other updates that could have a real impact on how you report and run your business. They’re not making the front-page news, but they’re just as important to understand, especially if you want to stay ahead of the curve and avoid any surprises come year-end.
GET THE GOODS. RIGHT HERE. RIGHT NOW.
Our team rolled up their sleeves, combed through the finer points of the updated FRS 102, and pulled together a straightforward, no-nonsense roundup of the changes you might’ve missed. No jargon. No fluff. Just the key points, clearly explained, so you can focus on what matters most: running your business with confidence.
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UNDERSTANDING FRED 82
Big changes are coming to financial reporting, and FRED 82 is leading the way. We get that compliance can feel like a headache, but getting ahead now will save you a world of hassle later.
LEASE ACCOUNTING OVERHAUL
Big changes are coming for lessees. The FRC’s latest update to FRS 102 brings lease accounting in line with international standards – meaning most leases will now need to be recognised on the balance sheet
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