FRS 101 and 102
Manage the impact of major legislative change on your reporting process with FRS software for UK accountants.
Tackle the latest reporting standards
Financial reporting standards continue to evolve, and with the latest updates to FRS 102 — Financial Reporting Standard applicable in the UK and Republic of Ireland — taking effect from 2026, firms need to be ready.
Go beyond technical compliance
While the most significant upcoming changes relate to FRS 102, FRS 101 has also been subject to the FRC's annual review cycle. The latest FRS 101 amendments do not introduce changes in respect of new IFRS pronouncements but include limited drafting updates to improve clarity and maintain consistency with related UK GAAP amendments.
The FRS 102 changes go beyond technical compliance. Updates to lease accounting, revenue recognition, and UK small entity disclosure requirements will affect financial statements, key performance indicators, and client conversations.
Confidence in applying FRS 101 and FRS 102
Consistency across every client
Apply updated reporting requirements consistently across your client base.
Rules change, your workflow doesn't
Keep pace with regulatory change without rebuilding processes each year.
Compliant accounts
Produce compliant statutory accounts efficiently, even as disclosures evolve.
Complex areas, clear answers
Maintain clarity and control across complex areas such as leases and revenue.
Reduce complexity at year-end
Changes introduced under the latest FRS 102 update increase the level of judgement and preparation required, particularly for clients with leases, complex customer contracts, or additional disclosure obligations. Digita Accounts Production Advanced helps you stay in control by providing structured templates, clear workflows, and the tools needed to produce accurate accounts without unnecessary rework. This means less time navigating complexity at year-end, and more confidence in the outputs you deliver to clients.
Supporting you through ongoing regulatory change
FRS 101 and FRS 102 continue to develop, and your firm needs solutions that keep pace. Digita Accounts Production Advanced is part of the wider Digita Professional Suite, designed to support compliance workflows, streamline processes, and help you respond to changing regulatory requirements with confidence.
FRS 101 and FRS 102 software for accountancy practices
Reduce the burden of financial reporting with automatic import and categorisation of trial balances and quick population of many sections of the IFRS-compliant report templates. Display the correct disclosure for IFRS, FRS 101 and 102 at the click of a button.