FRS 102 Leases

Key Takeaways

FRS 102 lease accounting requirements can create significant challenges for organisations managing leased assets. MRI’s FRS 102 lease accounting software helps organisations simplify compliance by centralising lease data, automating calculations and creating a clear audit trail. Whether you manage residential property, commercial real estate, retail locations, industrial facilities, equipment or vehicle fleets, MRI provides the tools needed to maintain compliance and improve financial visibility.

1. Simplify FRS 102 compliance
   Automate the calculations, disclosures and reporting required under FRS 102, helping your organisation reduce risk and maintain confidence in its financial reporting.
2. Built for every lease type
   Manage residential, commercial, retail and industrial property leases, as well as equipment and vehicle leases, within a single lease accounting platform.
3. Create a single source of truth
   Centralise lease data to improve accuracy, visibility and collaboration across finance, property and operational teams.
4. Replace spreadsheets and manual processes
   Reduce errors and save time with automated calculations, real-time re-calculations and streamlined reporting workflows.
5. Stay audit-ready throughout the year
   Maintain a permanent audit history and complete visibility into lease changes, assumptions and accounting decisions.
6. Scale with your organisation
   From a single property portfolio to a nationwide estate, equipment inventory or vehicle fleet, MRI helps organisations maintain compliance as their lease obligations grow.