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Last Updated: Sep 09, 2026

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Understanding functional and technical aspects of International Financial Reporting Standards for Compensation Professionals (T7) Financial Statements

The following will be asked from you in the exam:

  • Content of the key financial statements
  • Statement of cash flows
  • Notes accompanying the accounts - the true source of information
  • Financial Statements
  • Statement of other comprehensive income
  • Statement of financial position
  • Statement of income

Understanding functional and technical aspects of International Financial Reporting Standards for Compensation Professionals (T7) Introduction to the IASB and the IFRS

The following will be asked from you in the exam:

  • The IAS and IFRS standards
  • The objectives of the IASB
  • The conceptual framework
  • Introduction to the IASB and the IFRS
  • The structure of the standard setting body and sub-committees

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

The benefit of obtaining the International Financial Reporting Standards for Compensation Professionals (T7) Exam Certification

  • t7 certification will be judging your skills and knowledge on your understanding Application Development security concepts & Understanding of need to secure an Application Development, what objects can be secured, what objects ought to be secured, user accounts, roles.
  • This certification credential will give you edge over other counterparts. Apart from knowledge from International Financial Reporting Standards for Compensation Professionals (T7) Exam.
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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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WorldatWork T7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: IAS 19 Employee Benefits30%- Long-term benefits and termination benefits
- Short-term employee benefits
- Post-employment benefits
Topic 2: IFRS 2 Share-Based Payment20%- Expense recognition and disclosure
- Equity-settled vs. cash-settled plans
- Recognition and measurement rules
Topic 3: IFRS Application & Disclosure10%- Disclosure requirements
- Impact on compensation decisions
- Financial statement implications
Topic 4: Introduction to IFRS20%- IASB structure and objectives
- Purpose and scope of IFRS
- IFRS vs. other reporting frameworks
Topic 5: IFRS Conceptual Framework20%- Recognition and measurement principles
- Financial reporting objectives
- Elements of financial statements
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