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International Financial Reporting Standards for Compensation Professionals (T7) Certification Path
International Financial Reporting Standards for Compensation Professionals (T7) Exam is foundation level Certification. There is no prerequisite for this course. Anyone who is having keen interest and familiar with HR principles are well invited to pursue this certification.
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WorldatWork T7 Exam Syllabus Topics:
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Understanding functional and technical aspects of International Financial Reporting Standards for Compensation Professionals (T7) Introduction to the IASB and the IFRS
The following will be asked from you in the exam:
- The IAS and IFRS standards
- The conceptual framework
- The structure of the standard setting body and sub-committees
- Introduction to the IASB and the IFRS
- The objectives of the IASB
Understanding functional and technical aspects of International Financial Reporting Standards for Compensation Professionals (T7) IAS 19 Purpose and Scope
The following will be asked from you in the exam:
- Profit sharing and bonus plans
- IAS 19 Short-Term Employee Benefits
- Benefits that do not accrue
- Definition
- Types of short-term benefit
- Accounting treatment for short-term benefits
- Benefits that accrue
- Practical examples of treatments
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