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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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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.
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The following will be asked from you in the exam:
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| Section | Objectives |
|---|---|
| Topic 1: Employee Benefits Accounting | - Pension and post-employment benefit obligations - Short-term and long-term employee benefits |
| Topic 2: Financial Reporting and Disclosure Requirements | - Reporting transparency and compliance requirements - Compensation-related disclosures in financial statements |
| Topic 3: IFRS Foundations for Compensation Professionals | - Overview of IFRS framework - Key accounting principles relevant to compensation |
| Topic 4: Equity-Based Compensation under IFRS | - Stock options and restricted stock accounting treatment - Share-based payment recognition and measurement (IFRS 2) |
Business Acumen for Compensation Professional
T4: Strategic Communication in Total Rewards
Quantitative Principles in Compensation Management
C2: Job Analysis - Documentation and Evaluation
International Financial Reporting Standards for Compensation Professionals Exam
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