FRS 102: What UK businesses need to know about the new standard
Key changes for FRS 102 for 2026 include bringing most leases onto the balance sheet. Learn what the changes mean, key impacts, and how to transition...
LOIS was created in 2017 in response to the International Accounting Standards Board’s introduction of IFRS 16, which came into effect on 1 January 2019.
LOIS was created in response to the International Accounting Standards Board's introduction to IFRS16.
IFRS 16 came into effect.
LOIS expanded into emerging markets across Africa and the Middle East.
We grew our development capability and introduced specialised Property and Fleet modules, addressing the two biggest asset classes for IFRS 16 (property by value, fleet by volume), to bring finance and property teams closer together.
LOIS became a standalone company, enabling a sharper focus on product innovation and customer success while retaining the same trusted leadership team and CA-qualified expertise.
FRS 102 came into effect in the United Kingdom and the Republic of Ireland. With proven IFRS 16 transition experience, audit-ready reporting, and CA-qualified expertise, LOIS was ready to help finance, property, and fleet teams simplify compliance from day one.
LOIS is trusted by leading organisations around the world. Our mission remains the same: to simplify lease accounting, streamline compliance, and empower organisations to make smarter financial decisions.
Key changes for FRS 102 for 2026 include bringing most leases onto the balance sheet. Learn what the changes mean, key impacts, and how to transition...
A total tenant lease platform unifies lease accounting, property management, and fleet in one system. LOIS is the only ANZ platform purpose-built to...
Under FRS 102 Section 20 (effective January 2026), lessees must recognise a right-of-use asset and lease liability for most leases. This...