FRS 102 Lease Accounting

As Housing Associations continue to navigate the complexities of FRS 102 reporting, ensuring compliance while maintaining efficiency can be challenging.

We specialise in helping organisations like yours with: 

• Expert Support: Clear guidance on FRS 102 requirements tailored to the housing sector 

• Training Solutions: In depth training sessions for your finance team to stay confident and compliant and to build a strong understanding of FRS 102 requirements 

• Software Services: Tools designed to streamline reporting, reduce errors, and save time 

• Lease Portfolio Management: Steam line lease administration and ensure compliance with accounting standards 

• Contract Hire Expertise: Our Contract Hire team can provide their expertise in utilising procurement frameworks, managing your vehicle portfolio and ensuring cost efficiency. Their detailed knowledge will assist in extrapolating the required data from existing agreements

At MUFG Corporate Markets, we bring unmatched expertise in helping the public sector navigate accounting standards. Over the past few years, we have supported more than 60 Local Authorities, Local Authority Trading Companies, NHS Trusts and Leisure Trusts in successfully implementing the IFRS 16 accounting standard, ensuring compliance and efficiency across their operations. 

Our goal is to make FRS 102 compliance simple, accurate, and stress-free for your team. 

MUFG Corporate Markets have teamed up with House of Control which we are working in partnership to provide you with Market-Leading software that will assist with resource pressures.   

Our software replaces complex spreadsheets with structured automation: 

• Automated accounting: System-driven calculations for ROU assets, lease liabilities, interest expenses, journal entries and a full disclosure note

• Dynamic adjustments: Automatic handling of CPI-linked remeasurements, extensions, and modifications

• Flexible extraction: Export reports per month, quarter, or year for specific entities or the entire group

• Period locking: Lock completed periods to prevent unauthorized changes and ensure data integrity

Feel free to contact us directly. Alternatively, share your contact information by clicking here and we’ll reach out to arrange a conversation at your convenience.