FRS 102: Are you ready for changes to UK accounting standards?
An estimated 3.4 million businesses are impacted by FRS 102. From January 2026, significant updates to the standard will affect how companies account for leases, recognise revenue and manage tax. With less than six months until the changes go live, now is the time to act.
The latest amendments could significantly affect financial metrics such as EBITDA and profit, which could impact M&A activity, as well as remuneration structures, including bonuses and earn out arrangements, debt covenants and wider stakeholder relationships.