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For more info read reference:
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
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- Definition
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WorldatWork T7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| IFRS 2 Share-Based Payment | 20% | - Expense recognition and disclosure - Recognition and measurement rules - Equity-settled vs. cash-settled plans |
| IFRS Application & Disclosure | 10% | - Financial statement implications - Disclosure requirements - Impact on compensation decisions |
| IAS 19 Employee Benefits | 30% | - Post-employment benefits - Short-term employee benefits - Long-term benefits and termination benefits |
| Introduction to IFRS | 20% | - Purpose and scope of IFRS - IFRS vs. other reporting frameworks - IASB structure and objectives |
| IFRS Conceptual Framework | 20% | - Recognition and measurement principles - Financial reporting objectives - Elements of financial statements |
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