The major changes proposed to leasing transactions and revenue accounting under FRS 102 and FRS 105

FRED 82 proposes some significant changes to the way in which leasing transactions and revenue will be accounted for in the financial statements. If the proposals go ahead as planned, careful planning will need to be carried out to ensure the impact on the reporting entity's financial statements is clearly understood. This one-hour webinar - presented by Steve Collings of Leavitt Walmsley Associates Ltd - will examine the following issues:

• Why the Financial Reporting Council wants to overhaul lease accounting
• How the accounting treatment for lease accounting may look under the proposals
• How revenue recognition accounting policies may need to be changed following the FRC's periodic review
• How revenue will be recognised under the proposals.

Worked examples will be used during the course of the webinar so delegates can fully understand how the changes may look. Delegates will be able to download these worked examples.