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FRS 102 Revised Seminar Brings South Yorkshire Finance Leaders Together

​In collaboration with Shorts Chartered Accountants, we recently hosted a seminar for senior finance professionals from across the region.The event brought together a number of Finance Directors, Financial Controllers and senior leaders from across the region for a morning of insight, discussion and networking over breakfast. It was a pleasure to welcome so many familiar faces, alongside new contacts, reflecting the strength and depth of the Yorkshire finance community. The seminar was presented by Howard Freeman, Audit & Accounts Partner, and Andy Ryder, Corporate Finance Partner at Shorts. We are extremely grateful to both speakers for sharing their time and expertise, and for delivering a clear, practical overview of the forthcoming changes to FRS 102, which came into effect on 1 January 2026 and are expected to impact a significant number of UK businesses. The session explored what is changing and why, particularly in relation to lease accounting and revenue recognition, and considered what the updates mean in practice for finance teams and business leaders. The speakers also addressed the new reporting requirements under FRS 102, the potential impact on EBITDA and valuation methodologies, and the key considerations for organisations as they prepare for implementation. Rather than focusing purely on technical detail, the seminar encouraged broader discussion around readiness, communication with stakeholders and the commercial implications of the changes. This led to a highly engaged Q&A session, with attendees sharing perspectives and experiences from their own organisations. At Sharp Consultancy, we are committed to supporting the finance community beyond recruitment alone. Events such as this form part of our ongoing effort to create opportunities for connection, knowledge-sharing and professional development among senior finance professionals. We would like to extend our sincere thanks to Shorts for partnering with us on this event, and in particular to Howard and Andy for delivering such an informative and thought-provoking session. We are also grateful to everyone who attended and contributed to the discussion. We look forward to hosting further events in the coming months and continuing to work closely with our network of finance leaders across the region.If you would like to discuss how these changes may impact your finance team, or if you are considering strengthening your leadership function, please contact us for a confidential conversation. ​

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HOW ENGAGING WITH A MENTOR CAN BENEFIT YOUR CAREER 

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A career mentor can bring huge benefits and with their help and support, make a significant contribution to enabling you to achieve your professional goals. Not only can they be a real source of inspiration, but they will also have knowledge, expertise and advice that can help you at every stage of your career.

So how can you go about identifying a career mentor?

It is important that you spend some time determining what it is that you want to achieve from your relationship with a mentor and have some clear goals as to where you want to be in the coming year, three years, five years. As part of the exercise, try to understand what the key areas are that you feel you need support with as this will help you narrow down what you are looking for in a mentor and enable you to best identify someone to suit your circumstances.

Your mentor can be a senior colleague from another department or office location, or it could be someone from outside your place of work such as a former colleague or a respected industry figure. There are several options available to help you find a mentor; your company may run an internal mentoring scheme, or you may feel comfortable approaching somebody in the business direct. Education bodies, training institutions, professional membership bodies and regional and industry networking groups may also operate programmes that can put you in touch with potential members.

A mentor must be someone that you trust; much of what you discuss with them could be confidential and you will also need to ‘open up’ to them about your weaknesses and be honest about what is holding you back. Trust is fundamental to you being able to build a successful relationship from the outset.

Key qualities to look for in your mentor include someone that makes you feel comfortable and you can build a rapport with, someone whose career you admire – not only in what they have achieved but the route they have taken to reach their level – and someone who is prepared to give honest and constructive feedback. And remember, the mentoring relationship is two-way, so consider what you can bring – passion, enthusiasm and a keenness to learn will also contribute to a positive and successful partnership.

A good mentor will tailor their support to each individual based upon their areas of expertise and the support that is required. Typically, mentoring relationships will focus upon career advice, guidance on professional development, encouraging creativity and innovative ways of working, support with a specific project, suggestions on how to build upon a person’s strengths and address any weaknesses as well as learning and development of new skills.

It is important to remember that your mentor is offering to provide you with valuable help and support for free so it is essential that you are committed and open to learning from their advice – even when the feedback might be negative. Go into each session well prepared and with feedback on how you have put into practice what has been discussed in previous meetings.

There’s no set time-frame to how long a mentoring relationship will last; some people may have several mentors over the course of their career, others may work with the same person for many years.

Our top benefits of having a mentor:

  1. They help educate you and support you developing new skills

  2. They provide you with someone to talk to about your career outside of your work place

  3. Their advice is free

  4. They offer you a different perspective

  5. They are there to provide you with support

Sharp Consultancy specialises in the recruitment of temporary, interim and permanent finance and accountancy professionals.  With offices in Leeds and Sheffield our highly experienced team of consultants recruit for positions throughout Yorkshire and beyond. CONTACT US today for expert advice on your next career move.