Upcoming Changes to FRS: What They Mean for the Hospitality and Leisure Sector
Menzies
JULY 3, 2025
Menzies LLP - A leading chartered accountancy firm. The Financial Reporting Council (FRC) has announced significant amendments to FRS 102, the UK’s principal accounting standard for small and medium-sized entities. For hospitality businesses, this could affect how revenue is recognised for: bundled services (e.g.
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