IFRS: Sector Specific Standards

by Wayne Bartlett

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.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Understand the strange and unique provisions of IAS 41 Agriculture, including the recognition and measurement of biological assets
  • Account for the massive cost and potential benefits of exploration and evaluation of mineral resources under IFRS 6
  • Discover why IFRS 17 Insurance Contracts came into existence and its application to financial statements
  • Learn about IFRS 14 Regulatory Deferral Accounts and its application

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.

Look inside

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Contents

  • Agriculture
    • IAS 41 Overview
    • Objectives and scope
    • Key definitions
    • Recognising and measuring biological assets
    • IAS 41 Q&A
    • Reliable measurement and government grants
    • Disclosures
    • Additional disclosures
  • Mineral resources
    • IFRS 6 Overview
    • Objective and scope
    • Measurement and recognition
    • Classifying tangibility
    • Impairment
    • Disclosures
  • Insurance contracts
    • IFRS 17 Overview
    • A complicated history
    • A significant step forward
    • Recognition and measurement
    • Modification, derecognition and presentation
    • Disclosures
  • Regulatory deferral accounts
    • IFRS 14 Overview
    • Objective and scope
    • Key definitions
    • IFRS 14 and GAAP
    • Presentation
    • Disclosures

How it works

Author

Wayne Bartlett

Specialising in public sector financial management and budgeting, Wayne has worked as a consultant and lecturer throughout the world.

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Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
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Why not upgrade?

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Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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