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FRS 102: Employee benefits under UK GAAP

FRS 102 Section 28 sets out the requirements that apply to short-term and long-term employee benefits, post-employment benefits and termination benefits.

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Access the standard

The requirements relating to specific topics are set out as sections within FRS 102. However, individual sections of the standard should not be looked at in isolation as other parts may be relevant.

FRS 102 is regularly updated and amended by the Financial Reporting Council (FRC). For the full text of FRS 102, guidance on which version of the standard to apply and notes on recent amendments, see our main FRS 102 page.

ICAEW factsheets and guides

The Corporate Reporting Faculty's annual UK GAAP factsheets provide a more detailed discussion of recent UK GAAP amendments.

Earn-out agreements
  • Helpsheets and support
  • 17 Oct 2023
  • PDF (1,266kb)
This Corporate Finance Faculty best-practice guideline, authored by Grant Thornton, explores the factors that can influence the outcome of an earn-out agreement, for both the buyer and the seller, and illustrates its benefits and potential pitfalls.
Exclusive Employee share trusts
  • Helpsheets and support
  • 23 Nov 2022
Technical helpsheet issued to help ICAEW members to help members account for various ‘trust’ arrangements in relation to employee benefits under FRS 102.

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Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.

Exclusive Employee Benefits
  • eBook chapter
  • 2024
  • Steve Collings
  • Financial Reporting for Unlisted Companies in the UK and Republic of Ireland
A chapter providing detailed practical guidance on financial reporting of employee benefits under UK GAAP.
Exclusive Employee Benefits
  • eBook chapter
  • 2023
  • Steve Collings
  • Small Company Financial Reporting
A chapter on employee benefits within the small companies' financial reporting framework and the micro-entities legislation, written by a specialist on small company reporting issues.
Exclusive Employee Benefits
  • eBook chapter
  • 2023
  • Steve Collings
  • Practical Guide to UK Accounting and Auditing Standards
Chapter on employee benefits in a guide to all aspects of UK auditing standards and UK GAAP accounting standards.
Exclusive Employee Benefits
  • eBook chapter
  • 2021
  • Julia Penny
  • Accounting Principles for Tax Purposes
A full chapter on FRS 102 section 28, in this accessible introduction to the accounting rules relevant to tax computations in the UK.
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Exclusive Employee benefits
  • eBook chapter
  • 2019
  • Rob Carrington, Ernst & Young
Guide from 2019 focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for employee benefits gives a comparison of FRS 102 Section 28 and IFRS, and covers short-term employee benefits, post-employment benefits, defined contribution plans, defined benefit plans, costs of administering employee benefit plans, other long-term employee benefits, termination benefits, group plans, death-in-service benefits, and disclosures.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

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UK Accounting Plus
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  • Deloitte

Overviews of each UK accounting standard, with a history and timeline of key events and amendments.

UK GAAP model accounts and disclosure checklists Example financial statements and disclosure checklists for UK GAAP available from the ICAEW Library & Information Service, Bloomsbury and other sources.

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