Guides

Lease Accounting Guides

Practical guides to IFRS 16, FRS 102 and lease accounting for UK finance teams and accounting firms. Written for Finance Directors and accountants, not software developers.

FRS 102

FRS 102 Lease Accounting Checklist for 2026

Ten steps to prepare for the FRS 102 lease accounting changes — from gathering lease agreements to preparing audit evidence.

8 min read

FRS 102 Modified Retrospective Transition Example

How the modified retrospective transition method works, with a practical opening journal example.

7 min read

IFRS 16

IFRS 16 Lease Liability Calculation Example

How to calculate the lease liability under IFRS 16, with a worked present value example and amortisation schedule.

9 min read

Audit evidence

Lease Accounting Audit Evidence Checklist

What auditors expect to see for IFRS 16 and FRS 102 lease accounting — from judgement documentation to calculation trails.

7 min read

Calculations

Incremental Borrowing Rate Guide for IFRS 16 and FRS 102

What the incremental borrowing rate is, how to determine it, and how to document the judgement for audit.

6 min read

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