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What is Lease102?FRS 102 Section 20 Overview Creating Your Account Dashboard Tour

Manual Entry AI Document Extraction Spreadsheet Import Lease Data Fields

Lease Liability (Present Value)ROU Asset Discount Rates Amortization Schedule Calculation Methodology Worked FRS 102 Lease Example

Incentives Initial Direct Costs Restoration Obligations Purchase & Extension Options Termination Penalties Peppercorn Leases UK Quarter Days Service Charges Rent Deposits Lease Modifications Early Lease Termination Impairment Recording

Amortization Schedule Export Journal Entry Export FRS 102 Note Disclosures Tax Computation Extract ERP Integration

Modified Retrospective Approach Setting Your Transition Date Opening Balance Calculations Transition Journal Entry

Organizing Leases Cost Centres & GL Mapping Team Collaboration

Audit Trail Data Retention GDPR & Data Export

FRS 102 Field Definitions Glossary of Terms Keyboard Shortcuts FAQ

Resources

What is Lease102?FRS 102 Section 20 Overview Creating Your Account Dashboard Tour

Manual Entry AI Document Extraction Spreadsheet Import Lease Data Fields

Lease Liability (Present Value)ROU Asset Discount Rates Amortization Schedule Calculation Methodology Worked FRS 102 Lease Example

Incentives Initial Direct Costs Restoration Obligations Purchase & Extension Options Termination Penalties Peppercorn Leases UK Quarter Days Service Charges Rent Deposits Lease Modifications Early Lease Termination Impairment Recording

Amortization Schedule Export Journal Entry Export FRS 102 Note Disclosures Tax Computation Extract ERP Integration

Modified Retrospective Approach Setting Your Transition Date Opening Balance Calculations Transition Journal Entry

Organizing Leases Cost Centres & GL Mapping Team Collaboration

Audit Trail Data Retention GDPR & Data Export

FRS 102 Field Definitions Glossary of Terms Keyboard Shortcuts FAQ

Resources

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Lease Components
Termination Penalties

Termination Penalties

Termination penalties and break clauses affect the expected lease term and may create additional liabilities.

Break Clauses

If reasonably certain to exercise a break, use the shorter term and include any penalty.

Termination Penalties

Include only if the lease term assumes termination will occur.

FRS 102 Reference: FRS 102.20.50

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