FRS 102 Basics & Lease Transition Example
Learn about the latest FRS 102 lease accounting amendments from lease accounting expert Rachel Reed. This webinar includes a deep dive into the standard and a practical transition example.
Format
Event
Location
Virtual
Product Number
UK_EVENT_25226
n this session, lease accounting expert Rachel Reed will introduce the core requirements of the amended FRS 102 standard. Rachel will guide you through the essential considerations for adoption and walk through a comprehensive transition example—from initial implementation to the final amortisation schedules and journal entries. To conclude, she will explore how leveraging a software solution can simplify compliance and streamline your transition process.
Key Takeaways:
- Establish a basic understanding of FRS 102 and how it may apply to you.
- Understand the proper accounting treatment for a lease under FRS 102 through a detailed example with journal entries, amortisation schedules, and more.
- Learn the benefits of using a dedicated software solution for FRS 102 lease accounting compliance and the pitfalls of managing compliance in spreadsheets/ Excel.
Speaker
Rachel Reed is a Lead Senior Technical Accounting Consultant at FinQuery. Rachel's experience includes working in the audit practice at Ernst & Young (EY), where she served clients across a wide variety of industries in both the public and private sectors. Rachel graduated from the University of Mississippi with both a Bachelor's and a Master's degree in Accounting.
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