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FRS 102: Government grants under UK GAAP

FRS 102 Section 24 sets out the requirements that apply to grants from the government, including non-monetary grants.

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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.

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Exclusive Government grants
  • eBook chapter
  • 2026
  • Steve Collings
  • Financial Reporting for Unlisted Companies in the UK and Republic of Ireland
A chapter providing detailed practical guidance on financial reporting of government grants under UK GAAP.
Exclusive Government grants
  • eBook chapter
  • 2026
  • Steve Collings
  • Small Company Financial Reporting
A chapter on government grants within the small companies' financial reporting framework and the micro-entities legislation, written by a specialist on small company reporting issues.
Exclusive Government Grants
  • eBook chapter
  • 2025
  • Steve Collings
  • Practical Guide to UK Accounting and Auditing Standards
Chapter on government grants in a guide to all aspects of UK auditing standards and UK GAAP accounting standards.
Exclusive Government Grants
  • eBook chapter
  • 2024
  • Julia Penny
  • Accounting Principles for Tax Purposes
A chapter on government grants, in this accessible introduction to the accounting rules relevant to tax computations in the UK.
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UK Accounting Plus
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  • Deloitte

Overviews of each UK accounting standard, with a history and timeline of key events and amendments.

UK GAAP 2026: Application of FRS 100–FRS 104 in the UK (May 2026)
  • Website
  • EY

Detailed manual that incorporates the September 2024 editions of FRS 100–104, plus amendments issued up to March 2026, and changes to legal requirements for UK companies and LLPs. It offers insight on practical application issues.

UK GAAP model accounts and disclosure checklists
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Example financial statements and disclosure checklists for UK GAAP available from the ICAEW Library & Information Service, Bloomsbury and other sources.

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