Consultations 2020 FRED 76 Draft amendments to FRS 102 and FRS 105 – COVID-19-related rent concessions

FRED 76 Draft amendments to FRS 102 and FRS 105 – COVID-19-related rent concessions

23 July 2020
FRED 76 proposes explicit requirements for accounting for temporary rent concessions for operating leases occurring as a direct consequence of the COVID-19 pandemic, and within a limited timeframe.
 
The proposals are expected to apply to accounting periods beginning on or after 1 January 2020, with early application permitted.
 
Comments should be provided by 1 September 2020

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