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
INSIGHT & UPDATES
Cooper Parry
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UPCOMING EVENTS
1 minute read
FDs & F-Words – Manchester 2026
- Tuesday 3rd November
- 8:30AM - 13.30PM
- X+ Why, 100 Embankment
2 minute read
Built to Scale: Consumer | London | 12th November 2026
- Thursday 12th November
- 8:30 - 10:30am
- CP Shoreditch Superhub
1 minute read
The Budget. Your Money. Your Future.
- Tuesday 17th November
- 13.00 - 14.00
- Online Webinar
3 minute read
Retail Finance Forum Reset: Consumer Trends, Controls and Protecting Profit
- Wednesday 18th November
- 9.30am - 11.30am
- Cooper Parry - East Midlands
2 minute read
CFO Sessions: Edinburgh
- Thursday 19th November
- 12.00 - 15.00
- Gleneagles Townhouse, Edinburgh
2 minute read
FDs & F-Words: Belfast
- Tuesday 24th November
- 8.30am - 13.00pm
- DoubleTree by Hilton Belfast City Ten Square
2 minute read
FDs & F-Words – Aberdeen
- Thursday 26th November
- 8:30AM - 13.30PM
- Union Kirk, Aberdeen
Reviews
Jonathon, July 26
Responsive, advice which is on the front foot, thinking further down the line than just today’s advice which adds value and opportunity to work further together to make sure arrangements are correctly completed.
Polly, July 26
I find the tax service difficult, I value having a relationship wher eI can pick up the phone and have someone who understands the business – I’ve not had that at Cooper Parry. Fee quotes and work scopes are disproportionate for the stage of business that we are. Audit was fairly hands off this year; we completed in a tight frame which we appreciated but I’m not sure we got the hands on value add partnership that we’ve had more of in prior years. No mention of FRS102 changes for example which would have been one example of value add from CP in terms of our internal planning.
Gemma, July 26
The team are always responsive to queries and also helpful to introduce me to the right person at CP if they can’t help. Whoever I liaise with are knowledgeable, easy to work with and understand the business needs.
Janie, July 26
Glen and the audit team are always well prepared and now having worked together for 3+ years they whole process has become very good in light of the fact we all know how each party works and can make the necessary allowances for timings and personnel availability
Mark, July 26
Generally very pro-active. Make us aware of any issues that may affect the year end in advance. Also helping re capital allowances in advance of the current year. All of the team are approachable whilst maintaining a strong professional ethic.
Victoria, July 26
Good communication with audit team. Clear audit plan at start of process. Good interaction with audit team during the audit. Frequent check ins. Timelines for audit and reporting have always been met.
Carl, July 26
We use CP predominantly for our annual audit and the process always feels “painless”.
Louise, July 26
Consistent team on the audit each year makes it easier year on year. Prompt response to queries even when not on site. Easy to use portal for uploading documents.
Mary, July 26
Attention to detail and a personalised service
Richard, July 26
Good professional advice always available