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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.
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.
The price of the WorldatWork International Financial Reporting Standards for Compensation Professionals (T7) exam is $250 USD.
| Section | Weight | Objectives |
|---|---|---|
| IFRS Application & Disclosure | 10% | - Disclosure requirements - Financial statement implications - Impact on compensation decisions |
| Introduction to IFRS | 20% | - IASB structure and objectives - Purpose and scope of IFRS - IFRS vs. other reporting frameworks |
| IFRS Conceptual Framework | 20% | - Financial reporting objectives - Recognition and measurement principles - Elements of financial statements |
| IAS 19 Employee Benefits | 30% | - Short-term employee benefits - Post-employment benefits - Long-term benefits and termination benefits |
| IFRS 2 Share-Based Payment | 20% | - Expense recognition and disclosure - Equity-settled vs. cash-settled plans - Recognition and measurement rules |
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