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International Financial Reporting Standards for Compensation Professionals (T7) Certification Path

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.

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

Who should take the International Financial Reporting Standards for Compensation Professionals (T7) Exam

The International Financial Reporting Standards for Compensation Professionals (T7) Exam certification is for those individuals pursuing their GRP or CCP Canada or for Human Resources and Compensation Professionals who have global responsibility for compensation and rewards programs for countries outside of the U.S.

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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)
  • Examine International Accounting Standard 19 (IAS 19) short- and long-term benefits, as well as post-employment and termination benefits
  • Determine how financial statements relate to your compensation and benefits work.
  • Understand the objectives of financial reporting and how to identify and work with key stakeholders

WorldatWork T7 Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Reporting and Disclosure Requirements- Compensation-related disclosures in financial statements
- Reporting transparency and compliance requirements
Topic 2: Equity-Based Compensation under IFRS- Share-based payment recognition and measurement (IFRS 2)
- Stock options and restricted stock accounting treatment
Topic 3: Employee Benefits Accounting- Short-term and long-term employee benefits
- Pension and post-employment benefit obligations
Topic 4: IFRS Foundations for Compensation Professionals- Overview of IFRS framework
- Key accounting principles relevant to compensation

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