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.
- Examine International Accounting Standard 19 (IAS 19) short- and long-term benefits, as well as post-employment and termination benefits
- Understand the objectives of financial reporting and how to identify and work with key stakeholders
- Determine how financial statements relate to your compensation and benefits work.
- Explore an overview of IFRS and the International Accounting Standards Board (IASB)
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- Number of Questions: 60
- Passing Score: 70%
- Type of Questions: Single and Multiple Choice.
- Length of Examination: 120 minutes
- Language: English
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WorldatWork T7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Equity-Based Compensation under IFRS | - Stock options and restricted stock accounting treatment - Share-based payment recognition and measurement (IFRS 2) |
| Employee Benefits Accounting | - Short-term and long-term employee benefits - Pension and post-employment benefit obligations |
| IFRS Foundations for Compensation Professionals | - Overview of IFRS framework - Key accounting principles relevant to compensation |
| Financial Reporting and Disclosure Requirements | - Compensation-related disclosures in financial statements - Reporting transparency and compliance requirements |






