A good high level summary of the main changes to FRS102.
Professional services firms will be particularly impacted by the changes to the accounting requirements for business combinations as it will give them the opinion of recognising fewer intangible assets separately from goodwill.
I am already seeing some firms early adopt these changes so that they don't have to obtain valuations of intangible assets arising on recent acquisitions.
The new version of FRS 102 incorporates all amendments arising from the recent triennial review originally released in December 2017. These changes comprise key simplifications, incremental improvements, clarifications, and editorial amendments.