Category: Accounting Standards

Accounting Standards

FRS 105 vs FRS 102 vs IFRS: Which Accounting Standard Should Your Growing Business Use?

Growing businesses often outgrow FRS 105 without realising it. This guide compares FRS 105, FRS 102 and IFRS with a worked example showing how the same investment property produces three very different sets of numbers.

Sep 16, 2026 6 min read

Accounting Standards

IFRS 16 and Leases Explained: Why Your Office Rental and Company Van Now Sit on the Balance Sheet

IFRS 16 now forces most leases—office space, vans, photocopiers—onto the balance sheet as a right-of-use asset and lease liability. This guide walks through why the change happened, a worked five-year office lease example with journal entries, and what it means for covenants, EBITDA and management reporting.

Sep 12, 2026 7 min read