A nudge for retailers - Preparing for FRS 102: New Financial Reporting Changes for Retailers wef 1st Jan 2026
In this re-published episode of 'That Retail Property Guy,' host Gary Marshall discusses the upcoming changes in accounting rules under FRS 102, which will be mandatory from January 1, 2026. These changes significantly impact how lease liabilities must be reported on balance sheets for businesses in the UK and Republic of Ireland. Gary explains the new requirements and stresses the urgency for businesses to talk to their advisors and ensure compliance well before the deadline. The episode serves as a crucial informational resource for retailers looking to navigate these impending financial reporting changes.
00:00 Introduction and Overview
00:20 Upcoming Changes in Accounting Rules
01:00 Understanding FRS 102
02:21 Impact on Retail Occupiers
04:11 Implementation Challenges and Advice
05:06 Discussion Points for Property Community
06:08 Detailed Considerations for Lease Reporting
12:30 Calculating Lease Liabilities
16:48 Strategic Implications and Final Thoughts
17:48 Conclusion and Call to Action
Other Relevant Episodes
FRED82, IFRS16 and FRS102: How New Regulations on Lease Reporting Impact Retailers' Balance Sheets
https://podcasts.apple.com/us/podcast/fred82-ifrs16-frs102-how-new-regulations-on-lease-reporting/id1791455767?i=1000705362341
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