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.
The requirements regarding investments in associates and joint ventures are set out as part of 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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Technical helpsheet to help ICAEW members to understand key aspects of accounting for groups under FRS 102.
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Technical helpsheet to help ICAEW members understand the disclosure requirements for companies with regard to their subsidiaries, associates, joint ventures, parents and controlling parties. This helpsheet explores the requirements for small companies preparing their accounts under FRS 102 Section 1A, as well as medium or large companies preparing their accounts under full FRS 102.
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.
A detailed, practical chapter on financial reporting of of sale and leaseback transactions under section 20 of FRS 102 and section 15 of FRS 105 on leases, with worked examples. These transactions have become increasingly common as a means of sourcing finance. The chapter includes sections on sale and leaseback as a finance and as an operating lease.
A chapter on financial reporting of investments in associates and joint ventures under FRS 102, sections 14 and 15 and FRS 105, section 7. This key title by Steve Collings has been comprehensively updated to reflect all changes made to UK and Ireland accounting standards up to November 2022.
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.
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.
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Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter gives a comparison of FRS 102 Section 14 and IFRS, and discusses the definitions of associate, measurement, presentation and disclosures, changes in ownership interest, distributions received in excess of the carrying amount, and equity transactions.
Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter gives a comparison of FRS 102 Section 15 and IFRS. It covers the definition of joint venture and related terms; jointly controlled operations, assets and entities; the equity method; transactions between a venturer and joint venture; transactions to create a jointly controlled entity; and company law matters.
Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter gives a comparison of FRS 102 Section 9 and IFRS, and covers the requirement to present consolidated financial statements, the definition of a subsidiary, special purpose entities (SPEs), subsidiaries excluded from consolidation, consolidation procedures, accounting for associates and jointly controlled entities in individual and separate financial statements, group reorganisations, and other topics.
Full text of the Housing SORP 2018 issued by the National Housing Federation, Community Housing Cymru, the Scottish Federation of Housing Associations and the Northern Ireland Federation of Housing Associations. This version was published in September 2018 and is an update of the 2014 edition.
A practical manual for preparing new UK GAAP-compliant disclosures. This chapter discusses disclosure requirements for investments in subsidiaries, associates and joint ventures under FRS 102 Section 14 and FRS 102 Section 15.
Full text of the Housing SORP 2014 which is issued by the National Housing Federation, Community Housing Cymru, the Scottish Federation of Housing Associations and the Northern Ireland Federation of Housing Associations. This version was published in September 2014.
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Model accounts and disclosure checklists for UK GAAP
The ICAEW Library can provide model accounts and disclosure checklists for FRS 101, FRS 102, FRS 102 Section 1A, FRS 103 and FRS 105. The examples and checklists cover a broad range of entities, including small companies, charities, groups, LLPs and micro-companies.
The ICAEW Library stocks the latest UK GAAP handbooks and manuals. You can browse all our books on FRS 102 and associates or joint ventures or request any of the following popular titles by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com
GAAP 2019: UK reporting – FRS 102 (Volume B)
Deloitte, Croner-i, 2019
Comprehensive manual explaining how to apply FRS 102, with worked examples and extensive interpretation and guidance. The chapters on associates and joint ventures cover the definition and classification of associates and joint ventures, jointly controlled operations, assets and entities, transactions between a venture and a joint venture, if an investor does not have joint control, measurement, presentation, and disclosures.
Manual of accounting: UK GAAP
PwC, Lexis Nexis, 2019
Practical guide with worked examples throughout, dealing with day-to-day issues as well as complex questions. The chapters on associates and joint ventures give definitions of terms, and cover accounting for different forms of joint venture, measurement issues, presentation and disclosure.
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