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FRS 102: Investments in associates and joint ventures under UK GAAP

FRS 102 Section 14 Investments in Associates sets out the requirements that apply to investments in entities where the investor has significant influence. Section 15 Investments in Joint Ventures applies to investments in jointly controlled operations, jointly controlled assets or jointly controlled entities.

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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.

ICAEW factsheets and guides

The Corporate Reporting Faculty's annual UK GAAP factsheets provide a more detailed discussion of recent UK GAAP amendments.

Exclusive Groups and consolidated accounts under FRS 102
  • Helpsheets and support
  • 25 Mar 2026
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.
Exclusive Fixed asset investments under FRS 102
  • Helpsheets and support
  • 25 Mar 2026
Helpsheet giving guidance on accounting for fixed asset investments under FRS 102, covering subsidiaries, associates, joint ventures, share investments, fair value rules, distributable profits, and treatment of intercompany loans.
Exclusive Disclosure of related undertakings, parent entities and ultimate controlling parties
  • Helpsheets and support
  • 13 Jun 2022
Helpsheet explaining company disclosure requirements for subsidiaries, associates, joint ventures, parents and controlling parties under FRS 102 and UK legislation.

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.

Exclusive Investments in joint ventures
  • eBook chapter
  • 2026
  • Steve Collings
  • Group Accounts under UK GAAP
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.
Exclusive Investments in associates
  • eBook chapter
  • 2026
  • Steve Collings
  • Group Accounts under UK GAAP
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.
Exclusive Sale and leaseback transactions
  • eBook chapter
  • 2026
  • Steve Collings
  • Financial Reporting for Unlisted Companies in the UK and Republic of Ireland
A chapter providing practical guidance on financial reporting of sale and leaseback transactions under FRS 102, section 20 and FRS 105, section 15.
Exclusive Associates and joint ventures
  • eBook chapter
  • 2026
  • Steve Collings
  • Financial Reporting for Unlisted Companies in the UK and Republic of Ireland
A chapter on financial reporting of investments in associates and joint ventures under FRS 102.
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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)
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  • 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.

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