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How to Prepare For International Financial Reporting Standards for Compensation Professionals (T7)
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.
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:
- Benefits that do not accrue
- IAS 19 Short-Term Employee Benefits
- Benefits that accrue
- Accounting treatment for short-term benefits
- Practical examples of treatments
- Types of short-term benefit
- Profit sharing and bonus plans
- Definition
