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How to Prepare For International Financial Reporting Standards for Compensation Professionals (T7)
Preparation Guide for International Financial Reporting Standards for Compensation Professionals (T7)
Introduction
WorldatWork is a global association for human resources management professionals and business leaders focused on attracting, motivating, and retaining employees. WorldatWork works to promote the role of human resources as a profession, offering training and certification in compensation, benefits, work-life, and total rewards. Founded in 1955 and known for most of its history as the American Compensation Association.
New updates
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Understanding functional and technical aspects of International Financial Reporting Standards for Compensation Professionals (T7) Objectives of Financial Reporting
The following will be asked from you in the exam:
- Who are the stakeholders?
- Providing information to the stakeholders of the organization
- Relationship between the conceptual framework and stakeholders
- Objectives of Financial Reporting
How to book the International Financial Reporting Standards for Compensation Professionals (T7)Exam
Go to worldatwork website and register.
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WorldatWork T7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Conceptual Framework for Financial Reporting | - Relationship of conceptual framework to stakeholders - Qualitative characteristics of useful financial information |
| IFRS Application to Compensation Practices | - Impact of IFRS on compensation and benefits reporting |
| IFRS and IASB Fundamentals | - Role and mission of the International Accounting Standards Board (IASB) - Objectives and structure of International Financial Reporting Standards |
| Accrual Accounting and Financial Statements | - Purpose and elements of financial statements - Principles of accrual accounting |
| IAS 19 – Employee Benefits | - Termination benefits and measurement considerations - Short-term employee benefits - Post-employment and long-term benefits |
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