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Topics of International Financial Reporting Standards for Compensation Professionals (T7)Exam
Candidates must know the exam topics before they start of preparation. Because it will really help them in hitting the core. Our t7 practice exam will include the topics discussed in detail.
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:
- Methods of calculation including the reliance on actuarial and financial assumptions
- Calculating the liability of a defined benefit plan
- Calculating the liability of a defined contribution plan
- IAS 19 Features of a defined benefit plan
- IAS 19 Features of a defined benefit plan
- Discounted cash flow techniques. Issues to be addressed, such as what is the appropriate discount rate
- Accounting treatment of a defined contribution plan
- IAS 19 Types of Post Employment Benefit Plans
- Practical examples of treatment
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:
- Statement of cash flows
- Statement of income
- Content of the key financial statements
- Financial Statements
- Statement of other comprehensive income
- Statement of financial position
- Notes accompanying the accounts - the true source of information
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