How FRS 102 Change UK Businesses

Jamdone188823 Jan, 2026Fashion

The revised FRS 102 changes apply to accounting periods commencing on or after 1 January 2026. These updates affect how UK businesses prepare accounts under UK GAAP, and they are not minor tweaks. This is the biggest update to FRS 102 since it was introduced, and it directly impacts revenue recognition, lease accounting, profit figures, balance sheets, and bank covenants.