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:
- IAS 19 Features of a defined benefit plan
- IAS 19 Features of a defined benefit plan
- Calculating the liability of a defined benefit plan
- Methods of calculation including the reliance on actuarial and financial assumptions
- Accounting treatment of a defined contribution plan
- Practical examples of treatment
- Discounted cash flow techniques. Issues to be addressed, such as what is the appropriate discount rate
- IAS 19 Types of Post Employment Benefit Plans
- Calculating the liability of a defined contribution plan
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:
- Definition
- Types of short-term benefit
- Practical examples of treatments
- Accounting treatment for short-term benefits
- Profit sharing and bonus plans
- IAS 19 Short-Term Employee Benefits
- Benefits that accrue
- Benefits that do not accrue
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 are accrued
- Benefits that are immediately expensed
- Accounting treatment of other long-term benefits
- IAS 19 Other long-term benefits
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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