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Technical Advisory Services

Implementation of the changes to FRS 102

The September 2024 edition of FRS 102 is effective for accounting periods beginning on or after 1 January 2026. Financial statements for periods beginning before 1 January 2026, where the amended standard has not been early adopted, would instead use the January 2022 edition
FRS 102 September 2024 edition FRS 102 January 2022 edition

Helpsheets

Amendments under FRS 102 - a practical approach

Technical helpsheet issued to help ICAEW members with practical tips on how to implement the amendments to FRS 102 introduced by the Periodic Review 2024.

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Revenue recognition

Technical helpsheet issued to help ICAEW members with practical tips on how to implement the revenue recognition amendments to FRS 102 introduced by the Periodic Review 2024.

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Section 1a - small entities

Technical helpsheet explaining the 2024 amendments to FRS 102 Section 1A, effective from January 2026. Key changes include expanded related party disclosures, additional requirements for leases, revenue recognition, share-based payments, and taxation for small companies.

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Other changes

Technical helpsheet providing practical tips for implementing amendments to FRS 102 introduced by the UK GAAP Periodic Review 2024. It covers updates on cash flows, financial instruments, business combinations, share-based payments, and income tax.

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Further resources

FRC factsheets Periodic review of UK GAAP