FRS 102 in 2026: Your practical guide to the biggest UK GAAP changes in a decade

Prepare for the most significant changes to UK GAAP since FRS 102 was introduced. This practical guide explains the 2026 amendments, the move to mandatory digital filing, and the steps accounting firms can take to stay compliant, minimise risk and support clients through the transition.

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Synopsis

The 2026 amendments to FRS 102 mark the biggest overhaul of UK financial reporting standards in more than a decade. With new revenue recognition and lease accounting requirements now in effect, alongside the upcoming move to mandatory digital filing at Companies House, firms must adapt their processes, technology and client advice to meet a rapidly changing regulatory landscape.

This practical eBook cuts through the technical detail to explain what has changed, who is most affected and how to prepare with confidence. It covers:

  • The new five-step revenue recognition model and its impact on complex contracts
  • The move to on-balance-sheet lease accounting and what it means for financial statements, EBITDA and banking covenants
  • What mandatory digital filing at Companies House means for firms and why preparation should start now
  • Why IFRS 18 matters for firms with IFRS-reporting clients
  • A practical transition checklist covering policies, disclosures, technology and staff readiness
  • How modern accounts production software and AI can help improve efficiency and support compliance during the transition

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