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International Financial Reporting Standards for Compensation Professionals (T7) Exam is foundation level Certification. There is no prerequisite for this course. Anyone who is having keen interest and familiar with HR principles are well invited to pursue this certification.
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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.
| Section | Weight | Objectives |
|---|---|---|
| IFRS Conceptual Framework | 20% | - Financial reporting objectives - Recognition and measurement principles - Elements of financial statements |
| IAS 19 Employee Benefits | 30% | - Short-term employee benefits - Post-employment benefits - Long-term benefits and termination benefits |
| Introduction to IFRS | 20% | - Purpose and scope of IFRS - IFRS vs. other reporting frameworks - IASB structure and objectives |
| IFRS Application & Disclosure | 10% | - Disclosure requirements - Financial statement implications - Impact on compensation decisions |
| IFRS 2 Share-Based Payment | 20% | - Equity-settled vs. cash-settled plans - Expense recognition and disclosure - Recognition and measurement rules |
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