Reference
FRS 102 lease accounting reference: the finance lease test, lessor accounting, common lease errors, field definitions, glossary of terms, and the FAQ.
Finance Lease Classification Test Under FRS 102
The FRS 102 finance lease classification test: five primary indicators, three supporting indicators, the 75%/90% rules of thumb, and who still needs it.
FRS 102 Lessor Accounting: Finance vs Operating
Lessor accounting under FRS 102 keeps the two-model approach: classify each lease at inception, recognise a net investment or rental income, and disclose.
Common FRS 102 Lease Accounting Errors and Fixes
The ten FRS 102 lease accounting errors auditors find most often, from incentives netted against the liability to undocumented discount rates, with fixes.
FRS 102 Field Definitions
FRS 102 field definitions for lease accounting inputs: commencement date, lease term, discount rate, payment amount, asset class, optional components.
Glossary of Terms
FRS 102 lease accounting glossary: ROU asset, lease liability, implicit rate, IBR, OBR, SONIA, peppercorn rent, amortisation, all key terms.
Keyboard Shortcuts
Lease102 keyboard shortcuts for power users. Navigate leases, open the calculator, export reports, and manage your FRS 102 portfolio keyboard-only.
FRS 102 Lease Accounting FAQ (UK SMEs, January 2026)
Plain-English answers UK SMEs ask about FRS 102 Section 20: who must comply, picking the discount rate, what counts as a lease, modifications, transition.