Difficulty in Writing International Financial Reporting Standards for Compensation Professionals (T7) Exam

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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:

• Methods of calculation including the reliance on actuarial and financial assumptions
• Calculating the liability of a defined contribution plan
• IAS 19 Features of a defined benefit plan
• IAS 19 Features of a defined benefit plan
• Discounted cash flow techniques. Issues to be addressed, such as what is the appropriate discount rate
• Calculating the liability of a defined benefit plan
• IAS 19 Types of Post Employment Benefit Plans
• Practical examples of treatment
• Accounting treatment of a defined contribution plan

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

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Who should take the International Financial Reporting Standards for Compensation Professionals (T7) Exam

The International Financial Reporting Standards for Compensation Professionals (T7) Exam certification is for those individuals pursuing their GRP or CCP Canada or for Human Resources and Compensation Professionals who have global responsibility for compensation and rewards programs for countries outside of the U.S.

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