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.
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Accounting for cryptocurrencies under FRS 102
The purpose of this technical helpsheet is to consider both the potential accounting treatments under FRS 102 and the presentation of cryptocurrencies within the financial statements. It should be noted that this is an emerging area and practice will no doubt evolve over time.
FRC Factsheet 6: FRS 102 Business Combinations
This factsheet has been prepared to provide a high level overview to entities applying FRS 102 that undertake a business combination for the first time, covering an outline of the purchase method, the separation of intangible assets from goodwill and illustrative disclosures.
ICAEW articles and features
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Technical round-up: April 2024
The latest technical developments in corporate reporting, including changes to UK law under the Economic Crime and Corporate Transparency Act and the issue of the final periodic review amendments to UK GAAP.
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Changes on the horizon
Summarising potential upcoming changes in financial and non-financial reporting.
Bloomsbury Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 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 Bloomsbury Accounting and Tax Service.
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Goodwill and intangible assets
A chapter on the accounting treatment of goodwill and intangible assets under FRS 102, Section 18 'Intangible Assets other than Goodwill' and FRS 102, Section 19 'Business Combinations and Goodwill'.
The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.
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Intangible assets other than goodwill
Guide from 2019 focusing on each area of the financial statement in detail with illustrative examples. This chapter gives a comparison of FRS 102 Section 18 and IFRS, and covers recognition and initial measurement, measurement after initial recognition, presentation and disclosure, and a selection of practical implementation issues (such as website costs).
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Business combinations and goodwill
Guide from 2019 focusing on each area of the financial statement in detail with illustrative examples. This chapter gives a comparison of FRS 102 Section 19 and IFRS, and covers the requirements for business combinations and goodwill, disclosures, and group reconstructions.
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Impairment of assets
Guide from 2019 focusing on each area of the financial statement in detail with illustrative examples. This chapter gives a comparison of FRS 102 Section 27 and IFRS, and covers the requirements for impairment, impairment of assets other than inventories, goodwill and its allocation to CGUs, recognising and measuring impairment losses, reversal of an impairment loss, and disclosures.
