The Financial Reporting Council (FRC) issued amendments to UK GAAP<\/strong> on 27 March 2024, following feedback on its exposure draft, FRED 82. These changes affect all companies reporting under FRS 102, including small companies applying Section 1A.<\/p>\n<\/div>\n The amendments will apply to periods beginning on or after 1 January 2026,<\/strong> with early adoption permitted, as long as all amendments are adopted at the same time. The most significant changes are expected in the areas of revenue recognition<\/strong> and lease accounting.<\/strong><\/p>\n<\/div>\n<\/div>\n \t\t\t\t\t\twindow.hsFormsOnReady = window.hsFormsOnReady || []; \t\t\t\t\t\t})});<\/p>\n About Miriam Hanley<\/a>\n <\/div>\n<\/p><\/div>\n About Biane Aliyar<\/a>\n <\/div>\n<\/p><\/div>\n About Nimita Chan<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n The post FRS 102 Technical Update Recording<\/a> was written by Menzies Harry Payne<\/a> and appeared first on Menzies LLP<\/a>.<\/p>\n\n","protected":false},"excerpt":{"rendered":" Menzies LLP – A leading chartered accountancy firm. The Financial Reporting Council (FRC) issued amendments to UK GAAP on 27 March 2024, following feedback on its exposure draft, FRED 82. These changes affect all companies reporting under FRS 102, including small companies applying Section 1A. The amendments will apply to periods beginning on or after […]<\/p>\n","protected":false},"author":1,"featured_media":110758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[79583,18028,11063,4238],"dealstore":[],"offerexpiration":[],"class_list":["post-245933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-frs","tag-recording","tag-technical","tag-update"],"yoast_head":"\n![\"An](\"https:\/\/www.menzies.co.uk\/wp-content\/uploads\/2025\/02\/DownArrow_grey.png\")
<\/a><\/figure>\n<\/div>\n<\/div>\n
\n<\/div>\n<\/a><\/figure>\n<\/div>\n<\/div>\n<\/div>\nGet instant access to our latest FRS 102 technical update recording by completing the form below:<\/h2>\n
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\n\t\t\t\t\t\t\t\tregion: “eu1”,<\/p>\nContact our Specialists<\/h2>\n<\/p><\/div>\n
\n <\/div>\n<\/p><\/div>\nDirector<\/h4>\n
Miriam Hanley<\/h2>\n
\n <\/div>\n<\/p><\/div>\nSenior Technical Manager<\/h4>\n
Biane Aliyar<\/h2>\n
\n <\/div>\n<\/p><\/div>\nDirector<\/h4>\n
Nimita Chan<\/h2>\n