FRS 102 Section 16 sets out the requirements that apply to investment property and property interests held under an operating lease that are classified as investment property.
The requirements regarding investment property are set out as part of 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.
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Technical helpsheet to help ICAEW members understand key aspects of accounting for investment property under FRS 102.
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Technical helpsheet to help ICAEW members with accounting for the transfer of property between Investment Property, Property, Plant and Equipment (PPE) and Inventories under FRS 102.
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A chapter providing practical guidance on financial reporting of investment property under FRS 102, section 16.
Chapter on investment property in this guide to all aspects of UK auditing standards and UK GAAP accounting standards.
A chapter on FRS 102, Section 16, 'Investment property', in this accessible introduction to the accounting rules relevant to tax computations in the UK.
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Guide from 2019 focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for investment property gives a comparison of FRS 102 Section 16 and IFRS, and covers the definition, scope and initial recognition of investment property; measurement; transfer of assets; derecognition; presentation and disclosure.
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Model accounts and disclosure checklists for UK GAAP
The ICAEW Library can provide model accounts and disclosure checklists for FRS 101, FRS 102, FRS 102 Section 1A, FRS 103 and FRS 105. The examples and checklists cover a broad range of entities, including small companies, charities, groups, LLPs and micro-companies.
The ICAEW Library stocks the latest UK GAAP handbooks and manuals. You can browse all our books on FRS 102 and investment property or request any of the following popular titles by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com
GAAP 2019: UK reporting – FRS 102 (Volume B)
Deloitte, Croner-i, 2019
Comprehensive manual explaining how to apply FRS 102, with worked examples and extensive interpretation and guidance. The chapter on investment property covers the definition and recognition of investment property, measurement, transfers, and disclosures.
Manual of accounting: UK GAAP
PwC, Lexis Nexis, 2019
Practical guide with worked examples throughout, dealing with day-to-day issues as well as complex questions. The chapter on investment property looks at the definition and initial recognition of investment property, measurement, transfers, presentation and disclosures, and realised profits.
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Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.
Fact Sheet 5 – FRS 102: Property: Fair Value Measurement
FRC, December 2018
Staff factsheet focusing on how to account for a remeasurement to fair value for investment property and as property, plant and equipment.
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