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FRS 20: Share-based payment

Find links to the accounting standard, technical summaries, useful guides and other resources on FRS 20 collated by ICAEW Library & Information Service.

The accounting standard FRS 20 set out the accounting treatment and disclosures required by reporting entities making share-based payments. It was issued by the Accounting Standards Board in April 2004 and subsequently amended in March 2008, December 2008 and December 2009. FRS 20 was identical to the IASB's IFRS 2: Share-based Payment and therefore has the effect of implementing the International Financial Reporting Standard in the UK.

This standard and all other old UK GAAP FRSs have been withdrawn for reporting periods starting on or after 1 January 2015. Topics within share-based payment are covered by Section 26 of FRS 102 under new UK GAAP.

How can I get a copy of this standard?

Consolidated standard

There is no free consolidated version of FRS 20 available online.

However, we can provide copies of the consolidated standard, which includes amendments, through the Library's premium databases by email. Contact us by phone on +44 (0)20 7920 8620 or by email at library@icaew.com for more information.

Unconsolidated standard and amendments as first issued

There is no free unconsolidated version of the standard available online. However, a summary is available on the FRC website, and we can provide print and electronic copies of the original standard or a consolidated version with amendments, subject to licenses.

The following amendments, as first issued, are freely available online:

Improvements to Financial Reporting Standards 2009
Amendment issued by the ASB in December 2009.

Improvements to Financial Reporting Standards
Amendment issued by the ASB in December 2008.


Share-based Payment
Summary published by the Financial Reporting Council.

ICAEW guidance and support

Corporate Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

FRC news

ASB issues Improvements to Financial Reporting Standards 2009
Press notice issued by the ASB on 1 December 2009.

ASB issues Amendment to FRS 20 on Group Cash-settled Share-based Payment Transactions
Press notice issued by the ASB on 28 August 2009.

ASB issues Amendment to FRS 20 ‘Share-based Payment – Vesting Conditions and Cancellations‘
Press notice issued by the ASB on 27 March 2008 summarising changes to the standard.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use. 

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports through our document supply service.

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