Course outline:
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
CPD Hours: 4
This module is available as part of the UK GAAP Library.
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