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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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​NATIONAL STRESS AWARENESS MONTH – STRESS IN THE WORKPLACE

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April is National Stress Awareness Month. According to the Health & Safety Executive (HSE), there were 822,000 workers suffering from work-related stress, depression or anxiety in 2020/21*.

It is important to recognise the signs of workplace stress; if left unaddressed, workplace stress can have a huge impact on both employees and employers and it is vital that steps are taken. Understanding the cause – which may stem from work or possibly something occurring outside the workplace – is essential.

Identifying the cause of what triggers the feelings of being overwhelmed is the first step; has your workload dramatically increased? Have you taken on a lot of additional responsibilities? Are you dealing with resourcing issues within your team? Do you have a poor relationship with another colleague or your line manager? Once you understand what is at the root of problem, you can look to adopt tactics and strategies to try and manage the situation.

Here are our tips and suggestions to dealing with stress in the workplace:

Communicate: It is important to speak with your line manager if you are finding that your workload is unmanageable. Consider whether this is caused by a potentially temporary situation – such as a particularly busy period at work – or if this is something which has been building over a longer time period due to an allocation of additional tasks or resourcing issues within the team. Highlight key areas which may have become more challenging and have suggestions to put forward on how these can be better resourced or solutions to address the issues that have arisen.

Be realistic: You may be keen to show that you are a willing and capable employee and a good team member, but that doesn’t mean that you should always say yes to every request that is asked of you. If it is not feasible for you to take on additional tasks or meet the deadlines put forward, be honest and outline the reasons why and offer a feasible timeframe as an alternative.

Talk to others: As well as speaking to your line manager, a frank and honest conversation with friends, family or a trusted colleague to talk through the way that you are feeling bring clarity to a situation which may have initially felt overwhelming by enabling you to filter out which parts are the most important and focus your attention more clearly.

Take regular breaks: During the working day, make sure you are taking regular breaks away from your desk to refresh your mind. It is important to take a proper break at lunchtime to eat a healthy, nutritious meal that will set you up for the afternoon and make time to get outside and take in some fresh air. On a weekend, ensure that you use your time outside of work to relax and look after yourself.

Use your holiday allowance: Not taking your full holiday allocation – or feeling like you are unable to take time off – can be an indication that you are feeling overwhelmed at work so it is important that you schedule in regular holidays and days off to recharge your batteries.

Time for a new role?: If the things that are making you stressed cannot be addressed, then it might be time to think about whether a different role or organisation may be a better fit for you. Stress can be damaging to a person’s confidence so it is vital that any move is considered very carefully to ensure the opportunities available and culture of your potential new company is right.

Sharp Consultancy specialises in the recruitment of finance and accountancy professionals. With offices in Leeds and Sheffield our highly experienced team of consultants recruit for temporary, interim and permanent roles across the full spectrum of positions throughout Yorkshire and beyond. CONTACT US today and speak to a member of our team about your next career move or recruitment needs.

*HSE Work-related stress, anxiety or depression statistics in Great Britain, 2021. Published 16 December 2021