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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Disclosure of related undertakings, parent entities and ultimate controlling parties
Technical helpsheet to help ICAEW members understand the disclosure requirements for companies with regard to their subsidiaries, associates, joint ventures, parents and controlling parties. This helpsheet explores the requirements for small companies preparing their accounts under FRS 102 Section 1A, as well as medium or large companies preparing their accounts under full FRS 102.
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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Sale and leaseback transactions
A chapter providing practical guidance on financial reporting of sale and leaseback transactions under FRS 102, section 20 and FRS 105, section 15.
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Investments in associates
A chapter on accounting for investments in associates, in this title providing accountants and auditors with easy to follow guidance on the preparation of group accounts in line with UK GAAP. Topics include: Scope of FRS 102 and FRS 105, Group issues, Definition of an associate and significant influence, Measurement - Accounting Policy Election, Fair Value Models, Disclosure requirements.
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Investments in joint ventures
A chapter on accounting for investments in joint ventures, in this title providing accountants and auditors with easy to follow guidance on the preparation of group accounts in line with UK GAAP. Topics include: Defined terms, Types of joint venture under UK GAAP, Transactions between a venturer and a joint venture, Group issues, Investors that do not have joint control, Disclosures.
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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Investments in joint ventures
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 15 and IFRS. It covers the definition of joint venture and related terms; jointly controlled operations, assets and entities; the equity method; transactions between a venturer and joint venture; transactions to create a jointly controlled entity; and company law matters.
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Investments in associates
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 14 and IFRS, and discusses the definitions of associate, measurement, presentation and disclosures, changes in ownership interest, distributions received in excess of the carrying amount, and equity transactions.
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Consolidated and separate financial statements
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 9 and IFRS, and covers the requirement to present consolidated financial statements, the definition of a subsidiary, special purpose entities (SPEs), subsidiaries excluded from consolidation, consolidation procedures, accounting for associates and jointly controlled entities in individual and separate financial statements, group reorganisations, and other topics.
