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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Preference shares - equity or liability under FRS 102?
Helpsheet giving guidance on classifying and accounting for preference shares under FRS 102. It explains when they are equity, liabilities or compound instruments, and outlines measurement rules for holders and issuers.
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Hedge accounting under FRS 102
Helpsheet explaining how to apply FRS 102 to foreign currency transactions, covering functional and presentation currency, translating transactions and balances, handling exchange differences, and key examples such as loans and hedging.
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Convertible loan notes
Helpsheet giving guidance on accounting for convertible loan notes under FRS 102, including splitting proceeds into liability and equity, allocating transaction costs, and following specific rules for conversion or cash settlement.
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Foreign currency translation under FRS 102
Helpsheet outlining how to apply FRS 102 Section 30 to foreign currency transactions and operations, covering functional and presentation currency, translation of transactions and financial statements, and treatment of exchange differences.
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FRS 102 amendments - other changes
Technical helpsheet providing practical tips for implementing amendments to FRS 102 introduced by the UK GAAP Periodic Review 2024. It covers updates on cash flows, financial instruments, business combinations, share-based payments, and income tax.
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Loans at non-market rates under FRS 102
This short guide outlines, and illustrates by example, the accounting requirements of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland applicable to loans that are provided interest free or at below-market interest rates, a common example of which are intercompany loans.
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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Basic financial instruments
A chapter providing practical guidance on financial reporting of basic financial instruments under FRS 102, section 11 and FRS 105, section 9.
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Non-basic financial instruments
A chapter providing practical guidance on financial reporting of complex financial instruments under FRS 102, section 12.
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Financial instruments
Chapter on financial instruments in this guide to all aspects of UK auditing standards and UK GAAP accounting standards.
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Financial instruments
A chapter on accounting for financial instruments under FRS 102, in this accessible introduction to the accounting rules relevant to tax computations in the UK.
