Coping with the changes to FRS 102 S1A

This event was recorded on 08 Dec 2025

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 covered:

• 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.

3 CPD units

ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.

1 hour of learning = 1 unit of CPD.

Fee: 68 GBP + VAT (81.6 GBP) per delegate

Please note: If you are unable to join the live webinars, they will be available on-demand 24 hours after the live webinar ends and you will have access to the sessions for 12 months.

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 is organised by ACCA UK Continuous Learning Team.

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