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How much International Financial Reporting Standards for Compensation Professionals (T7)Exam Cost

The price of the WorldatWork International Financial Reporting Standards for Compensation Professionals (T7) exam is $250 USD.

Understanding functional and technical aspects of International Financial Reporting Standards for Compensation Professionals (T7) IAS 19 Purpose and Scope

The following will be asked from you in the exam:

  • How is this done?
  • Basic principle that the cost of providing employee benefits should be recognized in the period in which the benefit is earned by the employee, rather than when it is paid or payable
  • Concept of accrual accounting
  • IAS 19 Purpose and Scope

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

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WorldatWork T7 Exam Syllabus Topics:

SectionObjectives
IAS 19 – Employee Benefits- Termination benefits and measurement considerations
- Short-term employee benefits
- Post-employment and long-term benefits
IFRS Application to Compensation Practices- Impact of IFRS on compensation and benefits reporting
Conceptual Framework for Financial Reporting- Relationship of conceptual framework to stakeholders
- Qualitative characteristics of useful financial information
Accrual Accounting and Financial Statements- Purpose and elements of financial statements
- Principles of accrual accounting
IFRS and IASB Fundamentals- Role and mission of the International Accounting Standards Board (IASB)
- Objectives and structure of International Financial Reporting Standards

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