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

The following will be asked from you in the exam:

• Relationship between the conceptual framework and stakeholders
• Who are the stakeholders?
• Providing information to the stakeholders of the organization
• Objectives of Financial Reporting

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

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Introduction to International Financial Reporting Standards for Compensation Professionals (T7)Exam

This exam presents an introduction to International Financial Reporting Standards (IFRS). It will provide you with the understanding you need to interact effectively with accounting and finance departments in your company.

• Understand the objectives of financial reporting and how to identify and work with key stakeholders
• Determine how financial statements relate to your compensation and benefits work.
• Examine International Accounting Standard 19 (IAS 19) short- and long-term benefits, as well as post-employment and termination benefits
• Explore an overview of IFRS and the International Accounting Standards Board (IASB)

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