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Contact Bishop Fleming
The biggest FRS 102 updates since its introduction are on the horizon, with major changes to lease accounting and revenue recognition. Charlie Martin, Audit Director at Bishop Fleming, explains that Leases will now move onto the balance sheet, and revenue will follow a new five-step, control-based model.
Although the rules apply from January 2026, businesses should start planning now to understand the impact and prepare stakeholders. For guidance, speak to Bishop Fleming today.
Start a conversation: https://www.bishopfleming.co.uk/form/contact-us
