What owner-managed businesses need to know about UK GAAP changes
20 February, 2026
FRS 102 has been amended so that, for lessees, most leases will be brought onto the balance sheet. In practice, this introduces an IFRS 16–style approach.
To support your understanding of the key changes from the FRS 102 Periodic Review, we have created a downloadable guide on leases, to help you apply the updated requirements in practice.