Coping with the changes to FRS 102 S1A

This webinar provides a practical update on key financial reporting issues under FRS 102, including the treatment of short-term leases and low-value assets.

Overview

This webinar offers a practical and insightful update on key financial reporting challenges under FRS 102.

It covers the treatment of short-term leases and low-value assets, clarifying how to distinguish between sales of goods and construction contracts, and explains how to account for variable revenue elements.

Attendees will gain insights on post-Brexit disclosure requirements, including formalised and enhanced related party disclosures, and receive timely reminders on handling interest-free loans involving directors.

By attending, participants will strengthen their technical knowledge, stay compliant with evolving standards, and improve the quality and transparency of their financial reporting.

Key features
Speaker
Additional information

Short term leases
Leases of low value assets
Distinguishing between sale of goods and construction contracts
Variable elements of revenue and how to account for them
Formalisation of the encouraged disclosures following Brexit
Further disclosures including related party transactions
Interest free loans to and from directors – a reminder
Escaping FRS 102 Section 1A

Guy Loveday

Guy is a partner in the Professional Training Partnership and a director of PTP limited.

He is a member of the lecturing panels for the Institute of Chartered Accountants in England and Wales and the Chartered Association of Certified Accountants. He specialises in Auditing and Financial Reporting updates (new UK GAAP, IFRS and US GAAP) for accountants in practice and in industry, and in finance courses for members of the wider financial community. He also provides a consultancy service to assist companies in preparing their annual financial statements and performs desk top reviews of published accounts for all sizes and types of company. Guy makes occasional television appearances and co-presents Accounting TV, a quarterly on-line programme, with Giles Mooney.  Guy was a founder member of the Lou Reed fan club, set up in 1971, has contributed to books about Lou Reed and met him on several occasions.

The webinar handout material will be available on the webinar platform when you log in to view the session.

If you wish to view or download handout materials, before starting the webinar, they will also be available through your document library on https://events.accaglobal.com

This event was recorded on 08 Dec 2025

Price

Price (excluding VAT) 68 GBP

Location

United Kingdom

Date & time

On demand

Enquiries

Email enquiries UKCL@accaglobal.com

Book on ACCA

Coping with the changes to FRS 102 S1A

Overview

Course provider