Welcome to the
Knowledge Centre

FRS 102

What the FRS 102 lease changes mean in practice?

It has been widely publicised that accounting for leases is changing under revised FRS 102. The change effective for accounting periods beginning on or after 1 January 2026, represents a shift from a model where future operating lease commitments were disclosed off balance sheet, to one where the vast majority of lease obligations are recognised

Read More
Two business professionals reviewing lease documents together in an office.

Sumer Says

The voices shaping Sumer and the world around us. From tax tips to big-picture thinking – here’s what Sumer says

Become a part of our community

Join a growing network of forward-thinking firms, advisors, and leaders shaping the future of accountancy and business support. When you connect with Sumer, you’re not just joining a group—you’re joining a movement.

Subscribe