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The following will be asked from you in the exam:
- The conceptual framework
- The objectives of the IASB
- The IAS and IFRS standards
- The structure of the standard setting body and sub-committees
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WorldatWork T7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: IAS 19 – Employee Benefits | - Short-term employee benefits - Post-employment and long-term benefits - Termination benefits and measurement considerations |
| Topic 2: IFRS Application to Compensation Practices | - Impact of IFRS on compensation and benefits reporting |
| Topic 3: IFRS and IASB Fundamentals | - Objectives and structure of International Financial Reporting Standards - Role and mission of the International Accounting Standards Board (IASB) |
| Topic 4: Accrual Accounting and Financial Statements | - Purpose and elements of financial statements - Principles of accrual accounting |
| Topic 5: Conceptual Framework for Financial Reporting | - Qualitative characteristics of useful financial information - Relationship of conceptual framework to stakeholders |
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