Big changes are coming to financial reporting, and FRED is here to keep you ahead of the curve. If you’re wondering how updates to FRS 102 will impact your business – from lease accounting to revenue recognition? No need to worry, we’ve got you covered.
At Cooper Parry, we know compliance can be a headache, but getting ahead now will make your life a lot easier later. And here’s some good news: FRED might actually work in your favour, especially when it comes to EBITDA.
WHAT IS FRED AND WHY DOES IT MATTER?
FRED (Financial Reporting Exposure Draft 82) proposed several key changes to FRS 102 and other financial reporting standards. Aiming to improve transparency, consistency, and comparability – particularly with international accounting standards.
The Financial Reporting Council (FRC) issued these changes on 27 March 2024. With most updates applying from 1 January 2026. Early adoption is allowed.
Want to stay ahead of the curve on FRED 82 reporting? We’ve got you covered. Stay up to date with all the latest releases and insights on our dedicated page —and if you need expert guidance, our team is here to help.
