Businesses across the UK are being urged to prepare for significant changes to FRS 102, with new accounting requirements set to impact everything from financial reporting and EBITDA calculations to banking covenants and internal finance processes.

To help businesses understand and prepare for the changes, Dains is hosting a free webinar on Tuesday 10 November 2026, providing practical guidance on what the revised standard means in practice and the actions businesses should be taking now.

The updates to FRS 102 are among the most substantial changes to UK GAAP reporting in recent years, introducing major revisions to lease accounting and revenue recognition.

While the changes are accounting-related, the implications extend far beyond the finance function. For many organisations, bringing leases onto the balance sheet could alter key financial metrics, affect reported profitability and influence compliance with lending covenants. Changes to revenue recognition may also impact the timing and presentation of income within financial statements.

As a result, early planning is becoming increasingly important for business owners, finance directors and finance teams.

Understanding the Practical Impact

During the one-hour session, Dains' Audit specialists will explain the key changes in clear, practical terms and explore how businesses can prepare for their first reporting period under the revised standard.

Attendees will gain:

  • An overview of the key changes introduced by the revised FRS 102 standard
  • A clearer understanding of the new lease accounting and revenue recognition requirements
  • Insight into the potential impact on financial statements, EBITDA and banking covenants
  • Practical guidance on the steps businesses should take ahead of implementation

The webinar is designed to help organisations look beyond the technical accounting requirements and understand the wider commercial implications for their business.

Companies with significant property, vehicle or equipment leases, complex contractual arrangements or external borrowing facilities may find it particularly valuable to assess the impact now rather than waiting until the year-end reporting process begins.

By taking proactive steps, businesses can identify potential issues early, engage with lenders where necessary and ensure systems and processes are prepared for the changes ahead.

Event Details

Date: Tuesday 10 November 2026
Time: 12:00pm - 1:00pm
Location: Online via Zoom

Following registration, attendees will receive confirmation details and instructions on how to join the webinar.

Book Your Place

The webinar is open to business owners, finance directors and finance professionals looking to understand how the revised FRS 102 standard may affect their organisation and what actions are needed to prepare.

Places are free, but advance registration is recommended.

Book your place for the FRS 102 webinar here.

With implementation approaching, the session offers a timely opportunity for Shropshire businesses to understand the changes, assess the potential impact on their organisation and plan with confidence for the future.