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For more info read reference:

WorldatWork Training

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:

  • Practical examples of treatments
  • Benefits that do not accrue
  • Accounting treatment for short-term benefits
  • Profit sharing and bonus plans
  • Types of short-term benefit
  • Benefits that accrue
  • IAS 19 Short-Term Employee Benefits
  • Definition

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

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WorldatWork T7 Exam Syllabus Topics:

SectionWeightObjectives
IFRS Application & Disclosure10%- Financial statement implications
- Disclosure requirements
- Impact on compensation decisions
IFRS 2 Share-Based Payment20%- Expense recognition and disclosure
- Recognition and measurement rules
- Equity-settled vs. cash-settled plans
IFRS Conceptual Framework20%- Recognition and measurement principles
- Financial reporting objectives
- Elements of financial statements
IAS 19 Employee Benefits30%- Post-employment benefits
- Short-term employee benefits
- Long-term benefits and termination benefits
Introduction to IFRS20%- Purpose and scope of IFRS
- IFRS vs. other reporting frameworks
- IASB structure and objectives

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