Why you need an Accounting Test
If you’re hiring for a position where financial accounting rules & regulations knowledge is required, then a Financial Accounting Test is what you need to evidence a candidate’s accountancy knowledge and skills before you recruit them. You want to assess if a candidate is capable of operating at the skills level essential to success within your organisation.
Or do you want to re-train your existing employees? Develop them with the relevant accountancy skills they need to improve their day-to-day work.
Download our Financial Accounting Test FactFile for more information.
Overview of Test
The Financial Accounting assessment measures a candidate’s knowledge of UK accounting rules and regulations. Covering accounting issues and problems through the assessment, all levels of this test contain questions relating to accounting terms, Accounting Standards, Companies Act and accounting principles.
Candidates are presented with a variety of question styles including multiple choice, free hand response, true or false and ranking.
There are two levels available within the Financial Accounting test, which can be selected at point of assignment. Levels available include: Intermediate and Expert. Those taking the Expert level of this test is expected to have subject knowledge equivalent to that of a part-qualified professional. This is an appraisal designed for experienced professionals, that examines typical situations and queries that they may encounter.
For persons such as Accountants primarily working within the finance functions of your company who need to demonstrate a working knowledge of general financial accounting methods.
Many accountancy firms place high emphasis on numerical reasoning skills because of the obvious links to accountancy. As well as our Accounting Test, there are also several complementary tests that come under the Accounting & Finance Tests module:
Difficulty Levels Available:
In this test candidates are required to have a basic understanding of the principles of financial accounting, Accounting Standards, VAT and related matters.
In this test candidates are expected to have a more in-depth knowledge of the Accounting Standards and Companies Act requirements, building on the knowledge presented at Intermediate Level. Those taking the Expert Level of this test is expected to have subject knowledge equivalent to that of a part-qualified professional.
Find out more on Financial Accounting Test pricing,
benefits & a demo for your company
Which of the following selection is the VAT element of this transaction:
“Stationery to the value of £180.18 inclusive of VAT was purchased”
Sample Financial Accounting Test report
Sample Financial Accounting Test report to get a feel for the type of analysis you can receive from a candidate taking this test.
Report clearly shows the candidate’s percentage score, as well as giving them a percentile score against others in your organisation and worldwide.
Require bespoke adjustments to these tests?
All assessments can be adjusted to meet your specific needs. Bespoke activities often include the addition of organisation specific financial accounting questions relating to specific software, company policies and procedures as well as the removal of questions if required.
To find out more about our bespoke assessments, click here.