Topics
Overview
An introduction to the amendments to UK GAAP introduced by the Periodic Review 2024 amendments, effective from 1 January 2026.
Find out moreRecognising revenue
Explore resources explaining the new five-step model for revenue recognition, as part of the Periodic Review 2024 amendments.
Find out moreLease accounting
Access materials detailing the changes to lease accounting resulting from the Periodic Review 2024 amendments.
Find out moreSmall entities
Discover content on the amendments tailored to small entities choosing to apply Section 1A of FRS 102.
Find out moreOther amendments
Learn about additional changes to FRS 102 beyond revenue and lease accounting, introduced by the Periodic Review 2024 amendments.
Find out moreInitial application
Understand the initial application of the new requirements introduced by the Periodic Review 2024 amendments.
Find out moreFinancial Reporting Council publications
Explore the Financial Reporting Council’s (FRC) publication of the Periodic Review 2024 amendments, September 2024 editions of UK GAAP accounting standards and a suite of FRS factsheets and explainers.
FRC issues UK GAAP amendments
In March 2024, following extensive stakeholder consultation, the FRC issued the Periodic Review 2024 amendments to UK GAAP.
Find out moreFRC publishes September 2024 editions of accounting standards
The FRC has issued new editions of UK and Ireland financial reporting standards, encompassing all amendments issued to date, including the Periodic Review 2024 amendments.
Find out moreFRC suite of FRS factsheets and explainers
Explore the FRC's factsheets and explainers covering key topics including revenue recognition, leases, initial application of the amendments and financial statement presentation.
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