Exam Name: International Financial Reporting Standards for Compensation Professionals Exam
Certification Provider: WorldatWork
Corresponding Certification: Certified Compensation Professional (CCP)
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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:
- IAS 19 Purpose and Scope
- 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
- How is this done?
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Topics of International Financial Reporting Standards for Compensation Professionals (T7)Exam
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International Financial Reporting Standards for Compensation Professionals (T7)Exam Certified Professional salary
The average salary of a International Financial Reporting Standards for Compensation Professionals (T7) Exam Certified Expert in
- India. - 14,00,327 INR
- Europe - 70,500 EURO
- England - 75,000 POUND
- United State - 100,200 USD
WorldatWork T7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Conceptual Framework for Financial Reporting | - Relationship of conceptual framework to stakeholders - Qualitative characteristics of useful financial information |
| IAS 19 – Employee Benefits | - Termination benefits and measurement considerations - Short-term employee benefits - Post-employment and long-term benefits |
| Accrual Accounting and Financial Statements | - Principles of accrual accounting - Purpose and elements of financial statements |
| IFRS and IASB Fundamentals | - Role and mission of the International Accounting Standards Board (IASB) - Objectives and structure of International Financial Reporting Standards |
| IFRS Application to Compensation Practices | - Impact of IFRS on compensation and benefits reporting |
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