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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% | - Recognition and measurement principles - Elements of financial statements - Financial reporting objectives |
| IAS 19 Employee Benefits | 30% | - Long-term benefits and termination benefits - Post-employment benefits - Short-term employee benefits |
| IFRS 2 Share-Based Payment | 20% | - Expense recognition and disclosure - Equity-settled vs. cash-settled plans - Recognition and measurement rules |
| Introduction to IFRS | 20% | - IFRS vs. other reporting frameworks - Purpose and scope of IFRS - IASB structure and objectives |
| IFRS Application & Disclosure | 10% | - Financial statement implications - Impact on compensation decisions - Disclosure requirements |
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