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Reference: https://worldatwork.org/learn/courses/international-financial-reporting-standards-for-compensation-professionals?tab=virtual

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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.

  • Explore an overview of IFRS and the International Accounting Standards Board (IASB)
  • Determine how financial statements relate to your compensation and benefits work.
  • 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

WorldatWork T7 Exam Syllabus Topics:

SectionObjectives
Financial Reporting and Disclosure Requirements- Compensation-related disclosures in financial statements
- Reporting transparency and compliance requirements
IFRS Foundations for Compensation Professionals- Key accounting principles relevant to compensation
- Overview of IFRS framework
Equity-Based Compensation under IFRS- Share-based payment recognition and measurement (IFRS 2)
- Stock options and restricted stock accounting treatment
Employee Benefits Accounting- Short-term and long-term employee benefits
- Pension and post-employment benefit obligations

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