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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:
- Methods of calculation including the reliance on actuarial and financial assumptions
- Practical examples of treatment
- Accounting treatment of a defined contribution plan
- Discounted cash flow techniques. Issues to be addressed, such as what is the appropriate discount rate
- IAS 19 Features of a defined benefit plan
- IAS 19 Features of a defined benefit plan
- Calculating the liability of a defined contribution plan
- IAS 19 Types of Post Employment Benefit Plans
- Calculating the liability of a defined benefit plan
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WorldatWork T7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: IFRS Application to Compensation Practices | - Impact of IFRS on compensation and benefits reporting |
| Topic 2: IAS 19 – Employee Benefits | - Termination benefits and measurement considerations - Short-term employee benefits - Post-employment and long-term benefits |
| Topic 3: Conceptual Framework for Financial Reporting | - Qualitative characteristics of useful financial information - Relationship of conceptual framework to stakeholders |
| Topic 4: Accrual Accounting and Financial Statements | - Purpose and elements of financial statements - Principles of accrual accounting |
| Topic 5: 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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