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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FRS 102 amendments – section 1A
Helpsheet explaining the Periodic Review 2024 amendments to FRS 102 Section 1A, effective from January 2026. Key changes to FRS 102 Section 1A include expanded related party disclosures and consequential amendments to reflect changes to lease accounting, revenue recognition, share-based payments and taxation.
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Deferred tax under FRS 102
Helpsheet explaining accounting for deferred tax under FRS 102, covering recognition of timing differences, tax rate selection, and treatment for revaluations, investment property, business combinations, losses and financial instruments, plus presentation in financial statements.
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CVA's under FRS 102
This helpsheet explains how to account for a Company Voluntary Arrangement under FRS 102. Covers what a CVA is, when its effects are recognised, treatment of revised vs substantially modified liabilities, tax liabilities and required disclosures.
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Groups and consolidated accounts under FRS 102
Helpsheet explaining how to account for groups under FRS 102, covering the purchase method, goodwill, deferred tax, changes in holdings, stepped acquisitions, equity transactions, and when merger accounting is allowed for group reconstructions.
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Hive up under FRS 102
Helpsheet giving guidance on how to account for hive ups under FRS 102, including recognising goodwill, using hybrid accounting, handling variations like hive across or net liability transfers, and considering impairment, tax and distributable profit implications.
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FRS 102 Deferred Tax factsheet
This factsheet provides an overview of FRS 102's accounting and disclosure requirements for deferred tax. Updated for amendments relating to international tax reform and the Periodic Review 2024.
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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.
