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WorldatWork International Financial Reporting Standards for Compensation Professionals : T7 Exam

T7 Exam Questions
  • Exam Code: T7
  • Exam Name: International Financial Reporting Standards for Compensation Professionals Exam
  • Updated: Aug 27, 2026
  • Q & A: 90 Questions and Answers
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Reference: https://worldatwork.org/learn/courses/international-financial-reporting-standards-for-compensation-professionals?tab=virtual

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:

  • Basic principle that the cost of providing employee benefits should be recognized in the period in which the benefit is earned by the employee, rather than when it is paid or payable
  • Concept of accrual accounting
  • How is this done?
  • IAS 19 Purpose and Scope

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WorldatWork T7 Exam Syllabus Topics:

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

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