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