Revenue Under the Updated FRS 102 (Sep 26)
Category: Financial Reporting | Duration: 1hr | Tag: VODSEFEIE26D2S6 | Type: Video | Course Level: Intermediate | Speaker: Lindsay Webber | Date: 02/09/2026 16:10
Course Details
The updated FRS 102 is now in effect for accounting periods beginning on or after 1 January 2026, bringing fundamental changes to how revenue is recognised and measured in Ireland and the UK. The new five-step model requires accountants to rethink how they identify performance obligations, allocate transaction prices and determine the timing of recognition for their clients' contracts. Getting these changes right is essential to producing compliant financial statements and giving clients reliable advice during the transition.
Lindsay Webber covers the following topics during this course:
Scope of Section 23 and the new five-step revenue model
- Identifying contracts and performance obligations
- Determining and allocating the transaction price
- Recognising revenue at a point in time versus over time
- Transition requirements and disclosure considerations
- By attending this session you will have a clear understanding of the revised revenue requirements under FRS 102 and how to apply the five-step model to your clients' contracts.
CPD Course Speaker
OmniPro Strategic Solutions
Lindsay Webber
As a head of Strategic Solutions at OmniPro, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training and technical assistance in audit and financial reporting.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.