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Preparation Guide for International Financial Reporting Standards for Compensation Professionals (T7)
Introduction
WorldatWork is a global association for human resources management professionals and business leaders focused on attracting, motivating, and retaining employees. WorldatWork works to promote the role of human resources as a profession, offering training and certification in compensation, benefits, work-life, and total rewards. Founded in 1955 and known for most of its history as the American Compensation Association.
| Section | Objectives |
|---|---|
| Topic 1: IFRS and IASB Fundamentals | - Objectives and structure of International Financial Reporting Standards - Role and mission of the International Accounting Standards Board (IASB) |
| Topic 2: IAS 19 – Employee Benefits | - Post-employment and long-term benefits - Termination benefits and measurement considerations - Short-term employee benefits |
| Topic 3: IFRS Application to Compensation Practices | - Impact of IFRS on compensation and benefits reporting |
| Topic 4: Accrual Accounting and Financial Statements | - Purpose and elements of financial statements - Principles of accrual accounting |
| Topic 5: Conceptual Framework for Financial Reporting | - Qualitative characteristics of useful financial information - Relationship of conceptual framework to stakeholders |
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