UK GAAP - Leases (reflecting changes effective 1 January 2026)

An in-depth look at the requirements of Section 20 that apply from periods commencing on or after 1 January 2026, following the periodic review of FRS 102.

This course covers

• Scope and definitions
• Identifying a lease
• Initial and subsequent lease accounting including lease modifications
• Presentation and disclosure
• Lessor accounting
• Complex Scenarios
• Transition to the new section 20
• Overall approach and date of application
• Transition for leases previously classified as Operating Leases
• Transition for leases previously classified as Finance leases
• Transition for Lessors: subleases
• Sale and Leaseback transactions
• Transition disclosures

This module is part of the UK GAAP Library or can be booked as an individual course. To book the full library click here.