Details
Join us for an essential session designed for Further Education colleges and Higher Education institutions preparing for the implementation of the new Further & Higher Education Statement of Recommended Practice (SORP) 2026, applicable for accounting periods commencing 1 January 2026.
This one-hour webinar provides a clear, practical walkthrough of lease accounting under the new SORP requirements, helping you transition confidently from SORP 2019.
What You’ll Learn:
- Understanding the new right-of-use (“on-balance-sheet”) model
- Recognition exemptions for short-term and low-value assets
- Impacts on residence nominations, equipment leases, and embedded leases
- Interaction with service concession arrangements
- Transition entries and worked examples
This webinar is designed for college and university finance leaders, governing body members with financial oversight responsibilities, and financial controllers, as well as anyone involved in SORP-compliant reporting or the preparation of statutory accounts.
By attending this webinar, you will gain a clear understanding of the new SORP 2026 lease accounting requirements and learn practical steps to implement and transition from the current standards. The session will equip you with actionable insights and real-world examples tailored specifically for Further and Higher Education institutions, ensuring you are prepared for a smooth and confident move to the updated framework.