IFRS: Sector Specific Standards
This course covers four IFRSs that are specific to particular sectors: agriculture, exploration and evaluation of mineral reserves, insurance, and regulatory deferral accounts, for first time adopters of IFRS in sectors subject to price or rate regulation.
IFRS: Sector Specific Standards
This course will enable you to
About the course
Some of the most interesting and curious of the IFRS standards concern specific sectors. Understanding them not only ensures we know about the special provisions, but also shines a light on our practices elsewhere.
IAS 41 deals with agriculture, the only sector where new assets are literally born! IFRS 6 deals with an issue specifically excluded by several other standards – the exploration and exploitation of mineral resources. The new standard, IFRS 17 Insurance Contracts, has clarified a particularly tricky area, and IFRS 14 Regulatory Deferral Accounts is critical for first time adopters of IFRS who are subject to rate regulation, such as the public utilities. Discover more about these specific standards, their objectives and disclosure requirements.
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Author
Wayne Bartlett
Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.
