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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
  • Benefits that do not accrue
  • Types of short-term benefit
  • Accounting treatment for short-term benefits
  • Profit sharing and bonus plans
  • Practical examples of treatments
  • Benefits that accrue

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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.

For more info read reference:

WorldatWork Training

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)Exam Certified Professional salary

The average salary of a International Financial Reporting Standards for Compensation Professionals (T7) Exam Certified Expert in

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  • England - 75,000 POUND
  • India. - 14,00,327 INR
  • Europe - 70,500 EURO

WorldatWork T7 Exam Syllabus Topics:

SectionObjectives
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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