Welcome to our FRS 102 hub – are you ready?

How can we help?

The impact of adopting these amendments could be considerable.  

To help navigate changes to revenue and lease accounting, we’ve developed a toolkit, designed to upskill your finance teams, build new processes and controls into ‘business as usual’, and help you through your year-end audit process for the first year of change. 

The amendments to FRS 102 go beyond financial reporting and we’re well-equipped to support you to ensure a seamless transition.

This includes: 

• how FRS 102 affects your debt covenants and facilitate discussions with lenders  
• the implications for employee incentive plans 
• deal-related factors such as earn-outs and pricing 
• delivery and pricing structure of long-term revenue contracts 
• the impact on your ability to make distributions 
• performing systems reviews, mapping processes, and maintaining business-as-usual operations 
• the tax implications and strategic planning necessary to optimise your financial outcomes  
• reviewing your valuation methodologies for fair value measurement and lease discount rates 
• intercompany trading balances and transfer pricing 

Through this comprehensive approach, we’re committed to helping you navigate the complexities of the amended FRS 102 transition with confidence.