Frs 2025 Changes

Frs 2025 Changes. The two headline changes to frs 102 are: Fred 82 proposes a number of changes resulting from the second periodic review of frs 102 and other financial reporting standards.

Fred 82 sets out the proposed changes for frs 102 users, which would align uk gaap with the key principles of ifrs 16, where a lessee is required to recognise any lease with a term of. Changes on specific topics were approved and implemented in the frs 2024 to 2025 questionnaire following the annual questionnaire consultation exercise.