IFRS: Sector Specific Standards - eLearning

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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.

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.



  • Agriculture
  • Mineral resources
  • Insurance contracts
  • Regulatory deferral accounts


Upon satisfactory completion of this activity, you will be able 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.


Successfully completing this course will enable you to understand four sector specific IFRS standards – agriculture, exploration and evaluation of mineral reserves, insurance contracts, and regulatory deferral accounts.

Self-paced Learning

Author – Wayne Bartlett


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



Topic: Corporate Finance, Reporting

Sub-Topic: Finance Management, Financial Reporting

Format: eLearning

Proficiency Level: Foundation, Intermediate

CPD: Upto 4 hours