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WorldatWork T7 Exam Syllabus Topics:

SectionObjectives
Conceptual Framework for Financial Reporting- Qualitative characteristics of useful financial information
- Relationship of conceptual framework to stakeholders
IFRS and IASB Fundamentals- Role and mission of the International Accounting Standards Board (IASB)
- Objectives and structure of International Financial Reporting Standards
IAS 19 – Employee Benefits- Short-term employee benefits
- Termination benefits and measurement considerations
- Post-employment and long-term benefits
Accrual Accounting and Financial Statements- Principles of accrual accounting
- Purpose and elements of financial statements
IFRS Application to Compensation Practices- Impact of IFRS on compensation and benefits reporting

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