FRS 102 – understanding changes in financial reporting
As of 1 January 2026, significant changes to FRS 102 came into effect marking the biggest update to UK GAAP in more than a decade.
But what does this actually mean for your bottom line and your reporting process?
The revisions aim to enhance the quality and consistency of UK financial reporting by aligning key areas – notably revenue, leases, and small entity disclosures – more closely with IFRS.
In our first episode of the year, co-hosts Tom Alun-Jones and Zoe Thomas are joined by Technical and Training Partner, Anna Hicks, to discuss what the new rules mean in practice, including:
- The purpose of the changes and understanding the regulator’s move toward global alignment.
- The areas of financial reporting most affected,
- The industries likely to feel the impact, and
- Practical steps to support year end reporting under the new rules.
Whether you’re a CFO, an auditor, or a business owner, this episode is a must listen to ensure you aren’t just reacting to the changes, but staying ahead of them.
Here are some useful articles for a deeper dive:
FRS 102 changes
The latest ECCTA accounts reform: what you need to know
Changes to UK GAAP – how they might affect your business
Company size thresholds: expected increases and potential impacts on your business
