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

Course outline:

An in-depth look at the requirements of Section 23 that apply from periods commencing on or after 1 January 2026, following the periodic review of FRS 102. Recognising and presenting this information accurately is vital for the reported information to be useful to the users of the financial statements.

This course covers:

• The 5-step process for identifying and recognising revenue from contracts with customers
• How to account for contract costs and contract modifications
• Presentation and disclosure
• TRANSITION TO THE NEW SECTION 23
• Overall approach and date of application
• Applying the cumulative catch-up approach
• Applying the full restatement approach

This module is available as part of the UK GAAP Library or can be booked as an individual course.

CPD Hours: 4