FRS 102 Periodic Review - A Guide to Revenue Recognition

FRS 102 has been updated to introduce a new Section 23 - Revenue from Contracts with Customers.

The previous rules for goods, services and construction contracts are replaced by a single five-step revenue model, aligned with IFRS 15 but simplified for UK GAAP.

To support your understanding of the key changes from the FRS 102 Periodic Review, we have created a downloadable guide on revenue recognition, to help you apply the updated requirements in practice.