FRS 102 transition and practical lessons learnt from IFRS 16

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The first reporting period under the new FRS 102 lease accounting requirements is approaching. For Financial Controllers and CFOs, the focus is not only on understanding the standard, but also on ensuring lease data, processes, controls and disclosures are ready well before year end. 

Watch our practical webinar featuring Maeve O’Connell, Head of EMEA at LOIS, alongside Marco Spagnuolo, Partner in Corporate Reporting & Accounting Advisory at Forvis Mazars. They share technical insight and practical lessons from IFRS 16 implementation that can help organisations prepare for the FRS 102 transition. 

LOIS has supported organisations through the operational realities of IFRS 16 transition and ongoing compliance. Its platform brings finance and property lease information together, supporting IFRS 16 and FRS 102 reporting while enabling more informed commercial decision-making. 

Key topics discussed

  • What FRS 102 lease-accounting changes mean in practice
  • Assessing lease portfolios and transition data requirements
  • Lessons from IFRS 16 transition and common challenges
  • Calculations, journals, reconciliations, audit evidence and disclosures
  • Building a sustainable reporting process beyond year one

Chapters

0:00 - Introduction & Agenda Overview
0:19 - Understanding IFRS 16 and its Impact
0:58 - Meet the Presenters: Marco and Maeve
12:13 - Transition Challenges in Lease Accounting
14:27 - Short-term and Low-value Lease Exemptions
19:31 - Practical Implications and Strategic Considerations
24:50 - Defining Low-value Assets
26:05 - Policy Decisions for Organizations
32:30 - Identifying and Controlling Leased Assets
37:25 - Defining Control and Lease Identification
37:57 - Practical Lease Situations and Challenges
38:52 - Lease Renewals and Contractual Considerations
50:06 - Engaging Auditors and Advisors: A Collaborative Approach
52:30 - Transitioning from Excel to Specialized Software
60:00 - Exploring Managed Service Options
65:55 - The Value of Expert Assistance
71:40 - Final Thoughts and Practical Advice

 

Why watch?

The hardest part of FRS 102 lease reporting is often what sits behind the numbers: fragmented lease data, manual processes, changing agreements and the need for a clear audit trail.

This session combines LOIS’s practical IFRS 16 experience with Forvis Mazars’ technical accounting perspective. It will help you focus on the areas that matter most, avoid avoidable transition pressure, and approach your first FRS 102 reporting period with a clearer plan and greater confidence.

Download the Slides

Speakers

Maeve O'Connell

Head of EMEA

Maeve is responsible for developing sales across EMEA, including supporting organisations reporting under FRS 102 and IFRS 16. She previously served as Commercial & Finance Director at Innervision (now part of IRIS Software Group), a leading provider of lease accounting solutions and consultancy.

With over 25 years’ experience in accountancy, particularly in leasing finance, Maeve brings deep technical expertise combined with practical, real-world insight. She has been a prominent voice on IFRS 16, guiding organisations through transition challenges, compliance timelines, and the risks of relying on spreadsheet-based approaches.

 

Marco Spagnuolo

Partner: Corporate Reporting & Accounting Advisory

Marco Spagnuolo is a Partner in Forvis Mazars’ Audit & Assurance team, leading Corporate Reporting & Accounting Advisory. With nearly 20 years’ experience, he helps clients navigate complex technical accounting matters and produce financial and non-financial reports that are accurate, efficient and effective.

A Chartered Accountant (CA(SA)) and affiliate of Chartered Accountants Ireland (CAI), Marco specialises in IFRS, FRS and US GAAP. His expertise includes supporting clients with the adoption of new and amended standards, as well as applying accounting requirements to complex transactions such as IPOs, M&A activity and share-based payment arrangements.

Marco also helps finance teams use technology to improve corporate reporting. Through strong relationships with SaaS solution providers, he supports clients to automate, streamline and optimise their reporting processes.

Facilitator

Damon Kennedy

Head of Sales for LOIS

Damon is a proven growth leader who has built the LOIS enterprise client base from a standing start to more than $5 million in annual recurring revenue, positioning it as Australasia’s leading lease accounting and asset management platform.

With a background spanning lease finance structures, SaaS, and enterprise partnerships, Damon brings extensive experience and a deep network forged through strong relationships. Leveraging this network, he has expanded the reach of LOIS through strategic channel partnerships with the Big Six accounting firms across Australia, New Zealand, South Africa, and now the UAE — driving joint go-to-market strategies and embedding LOIS within the finance transformation ecosystem.

Damon’s focus remains clear: to accelerate sustainable growth, strengthen partner networks, and ensure LOIS continues to set the benchmark for lease accounting and asset management solutions worldwide.