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Understanding functional and technical aspects of International Financial Reporting Standards for Compensation Professionals (T7) Objectives of Financial Reporting

The following will be asked from you in the exam:

  • Relationship between the conceptual framework and stakeholders
  • Objectives of Financial Reporting
  • Providing information to the stakeholders of the organization
  • Who are the stakeholders?

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

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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

  • Europe - 70,500 EURO
  • India. - 14,00,327 INR
  • England - 75,000 POUND
  • United State - 100,200 USD

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For more info read reference:

WorldatWork Training

WorldatWork T7 Exam Syllabus Topics:

SectionObjectives
Accrual Accounting and Financial Statements- Principles of accrual accounting
- Purpose and elements of financial statements
Conceptual Framework for Financial Reporting- Relationship of conceptual framework to stakeholders
- Qualitative characteristics of useful financial information
IFRS and IASB Fundamentals- Role and mission of the International Accounting Standards Board (IASB)
- Objectives and structure of International Financial Reporting Standards
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

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