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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:
- IAS 19 Short-Term Employee Benefits
- Definition
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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:
| Section | Objectives |
|---|---|
| IFRS and IASB Fundamentals | - Role and mission of the International Accounting Standards Board (IASB) - Objectives and structure of International Financial Reporting Standards |
| IFRS Application to Compensation Practices | - Impact of IFRS on compensation and benefits reporting |
| Conceptual Framework for Financial Reporting | - Relationship of conceptual framework to stakeholders - Qualitative characteristics of useful financial information |
| IAS 19 – Employee Benefits | - Post-employment and long-term benefits - Termination benefits and measurement considerations - Short-term employee benefits |
| Accrual Accounting and Financial Statements | - Purpose and elements of financial statements - Principles of accrual accounting |
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