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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.
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The following will be asked from you in the exam:
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The following will be asked from you in the exam:
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.
| Section | Weight | Objectives |
|---|---|---|
| IAS 19 Employee Benefits | 30% | - Long-term benefits and termination benefits - Post-employment benefits - Short-term employee benefits |
| IFRS 2 Share-Based Payment | 20% | - Equity-settled vs. cash-settled plans - Recognition and measurement rules - Expense recognition and disclosure |
| IFRS Conceptual Framework | 20% | - Elements of financial statements - Recognition and measurement principles - Financial reporting objectives |
| Introduction to IFRS | 20% | - Purpose and scope of IFRS - IASB structure and objectives - IFRS vs. other reporting frameworks |
| IFRS Application & Disclosure | 10% | - Financial statement implications - Impact on compensation decisions - Disclosure requirements |
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