Helping businesses navigate the FRS 102 changes with confidence
Significant amendments to FRS 102 apply for accounting periods beginning on or after 1 January 2026. Many companies applying FRS 102 will need to reassess accounting policies, areas of judgement and disclosures, even where their underlying business activities have not changed.
Moore Ireland provides clear, practical support to help directors and finance teams understand how FRS 102 applies to their business, where the 2026 changes may have an impact and how those changes can be addressed in practice.
Specialist support for FRS 102
Applying FRS 102 is not simply a technical exercise. In practice, it requires judgement, consistency and an understanding of how accounting requirements interact with Irish company law.
We provide specialist FRS 102 accounting advice to support companies in areas such as:
- Interpreting FRS 102 requirements in a practical and proportionate way
- Applying accounting policies consistently from year to year
- Addressing technically complex or judgemental transactions
- Preparing financial statements that are audit‑ready and clearly explained
Our focus is on helping clients reach well‑reasoned accounting conclusions that support effective decision‑making and stand up to audit scrutiny.
Key changes for Irish companies
The 2026 amendments to FRS 102 are most likely to be significant in areas that already involve judgement, including:
- Revenue recognition
- Lease accounting, particularly property leases
- Disclosures of key judgements and estimates
Companies that delay considering these changes until the year‑end process risk late adjustments, audit challenges and avoidable disruption.
How we can help
Moore Ireland advises a wide range of Irish businesses on the application of FRS 102, including the practical implications of the 2026 amendments.
Our support includes:
- Accounting advisory support
- Technical accounting advice on specific transactions
- Support through year‑end financial reporting and audit
- Assistance in preparing for changes to accounting standards
We focus on providing clear and direct advice that helps clients understand the changes and their practical impact on financial reporting.
FRS 102 FAQ
FRS 102 requires companies to identify performance obligations and determine when income should be recognised.
Lease accounting can have a material impact on financial statements, including property leases. Consideration is required around recognition, measurement, and disclosure.
Where companies operate through group structures, an assessment of control is required, along with the consistent application of group accounting policies across entities.
Statutory financial statements must clearly explain key judgements, estimates and accounting policies.
Yes. Accounting changes and reported results may affect EBITDA, net assets and other metrics commonly used in banking covenants, earn‑outs and valuation models.
