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The price of the WorldatWork International Financial Reporting Standards for Compensation Professionals (T7) exam is $250 USD.
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Introduction to International Financial Reporting Standards for Compensation Professionals (T7)Exam
This exam presents an introduction to International Financial Reporting Standards (IFRS). It will provide you with the understanding you need to interact effectively with accounting and finance departments in your company.
- Explore an overview of IFRS and the International Accounting Standards Board (IASB)
- Examine International Accounting Standard 19 (IAS 19) short- and long-term benefits, as well as post-employment and termination benefits
- Determine how financial statements relate to your compensation and benefits work.
- Understand the objectives of financial reporting and how to identify and work with key stakeholders
WorldatWork T7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: IAS 19 – Employee Benefits | - Short-term employee benefits - Post-employment and long-term benefits - Termination benefits and measurement considerations |
| Topic 2: IFRS Application to Compensation Practices | - Impact of IFRS on compensation and benefits reporting |
| Topic 3: IFRS and IASB Fundamentals | - Role and mission of the International Accounting Standards Board (IASB) - Objectives and structure of International Financial Reporting Standards |
| Topic 4: Accrual Accounting and Financial Statements | - Purpose and elements of financial statements - Principles of accrual accounting |
| Topic 5: Conceptual Framework for Financial Reporting | - Qualitative characteristics of useful financial information - Relationship of conceptual framework to stakeholders |
