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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:

  • Practical examples of treatment
  • IAS 19 Types of Post Employment Benefit Plans
  • Accounting treatment of a defined contribution plan
  • IAS 19 Features of a defined benefit plan
  • IAS 19 Features of a defined benefit plan
  • Methods of calculation including the reliance on actuarial and financial assumptions
  • Discounted cash flow techniques. Issues to be addressed, such as what is the appropriate discount rate
  • Calculating the liability of a defined contribution plan
  • Calculating the liability of a defined benefit plan

Reference: https://worldatwork.org/learn/courses/international-financial-reporting-standards-for-compensation-professionals?tab=virtual

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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.

It is universally acknowledged that WorldatWork certification can help present you as a good master of some knowledge in certain areas, and it also serves as an embodiment in showcasing one's personal skills. However, it is easier to say so than to actually get the WorldatWork certification. We have to understand that not everyone is good at self-learning and self-discipline, and thus many people need outside help to cultivate good study habits, especially those who have trouble in following a timetable. To handle this, our T7 test training will provide you with a well-rounded service so that you will not lag behind and finish your daily task step by step. At the same time, our T7 study torrent will also save your time and energy in well-targeted learning as we are going to make everything done in order that you can stay focused in learning our T7 study materials without worries behind. We are so honored and pleased to be able to read our detailed introduction and we will try our best to enable you a better understanding of our T7 test training better.

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WorldatWork T7 Exam Syllabus Topics:

SectionWeightObjectives
IFRS Conceptual Framework20%- Recognition and measurement principles
- Financial reporting objectives
- Elements of financial statements
IFRS 2 Share-Based Payment20%- Expense recognition and disclosure
- Recognition and measurement rules
- Equity-settled vs. cash-settled plans
Introduction to IFRS20%- IASB structure and objectives
- IFRS vs. other reporting frameworks
- Purpose and scope of IFRS
IAS 19 Employee Benefits30%- Long-term benefits and termination benefits
- Post-employment benefits
- Short-term employee benefits
IFRS Application & Disclosure10%- Disclosure requirements
- Impact on compensation decisions
- Financial statement implications

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