In this session, lease accounting expert Taylor Guthrie will introduce the core requirements of the amended FRS 102 standard. Guthrie will guide you through the essential considerations for adoption and walk through a comprehensive transition example – from initial implementation to the final amortisation schedules and journal entries. To conclude, he will explore how using a software solution can simplify compliance and streamline your transition process

Learning objectives

1. Establish a basic understanding of FRS 102 and how it may apply to you.

2. Understand the proper accounting treatment for a lease under FRS 102 through a detailed example with journal entries, amortisation schedules, and more.

3. Learn the benefits of using a dedicated software solution for FRS 102 lease accounting compliance and the pitfalls of managing compliance in spreadsheets such as Excel.

Presenter: Taylor Guthrie. Technical Accounting Consultant, FinQuery

Taylor Guthrie is an Accounting Manager at FinQuery. Before FinQuery, he earned a degree in accounting from Lynchburg College, Virginia, and then moved to a public auditor role at Brown Edwards. As an audit senior, he assisted in the audits of various entities in various niches, including implementation and maintenance accounting standards. Today, Guthrie helps FinQuery's customers understand and implement the new lease standards and navigate the intricacies of the software.

Who Should Attend
Accountants and finance professionals involved with lease accounting compliance under FRS 102 in the UK and the Republic of Ireland.

About FinQuery

FinQuery, formerly LeaseQuery, is an intelligent sub-ledger that simplifies lease accounting compliance (IFRS 16 and FRS 102) and automates prepaid and accrual accounting. Built by accountants for accountants, our AI-enabled SaaS platform empowers 40,000+ professionals by abstracting source documents – such as leases, contracts and invoices – into a complete system of record. 

FinQuery integrates with and complements your ERP, simplifying complex accounting, accelerating the month-end close, streamlining the audit and enhancing internal controls. Learn more at finquery.com/en-uk. 

Register here for the FinQuery webinar