What do you need to know about the changes to revenue recognition under FRS 102?

From January 2026, how and when you record revenue will be redefined under a new five-step model.

The old method of recognising revenue based on risks and rewards is being replaced.

Going forward, you’ll need to recognise revenue as you transfer control of goods or services to your customer.

This means:

- Reviewing customer contracts
- Tracking performance obligations
- Accurately allocating transaction prices

The impact could be significant, especially if you provide staged or bundled services.

Our guide will help you prepare now, so you’re not caught off guard when the rules kick in.

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