Business

Accounting Assessment Tests- The Math Champions!

Accountants form the backbone of the company by keeping all the numbers tallied and all the books in check. They do the integral task of keeping accounts, something that is crucial for a rising and successful company. However, an accountant should not only be highly educated and trained, but also be an honest and reliable person; something that is mandatory for the companies hiring him. Accountants should also possess inductive reasoning, the capability of processing given data, critical thinking and timely recognition of error. The few aptitude tests for accountants include:

  1. Basic Skills tests:
    This test measures the candidate’s basic verbal, math and general skills, that is required for any job that includes data entry and manipulation. The test is a 20-minute, 40-question test that examines the grammar, math, spelling and language skills of a candidate, ensuring a speedy elimination of data entry jobs.
    A raw score and a percentile score is provided to each individual, which distinguish the rankings of selected candidates. The raw score displays the number of questions which are correctly answered, out of the 40-question set. The percentile score roughly indicates the curve that has been set. If the percentile score is 70%, it means that the candidate has a better aptitude than 70% of the test givers. This score is a relative score.
  2. Cognitive Aptitude Test:
    A pre-employment aptitude test to measure the candidate’s problem-solving skills, aptitude, ability to process information and apply it and learn new skills. The cognitive aptitude has a leading employment range between 0.55 and 0.8, which makes the test very efficient to select the right employee. The candidates have to score correct answers to maximum 50 questions in a 15-minute time interval.
  3. Certain accounting assessment tests also include handling and operating software which adheres to the account keeping such as Tally, which is used by huge companies for a digital maintenance of all accounts.
  4. There are some online portals that also offer undivided attention towards the 9 traits that are best indicators of performance in jobs related to accounting. These indicators have been studied closely by psychologists for 90 years and they include cognitive ability, motivation, and personality, which enhance job performance in accounting positions.
    General tests include a huge assortment of questions based on topics such as cash flow, dividends, inventory, provisions, credit terms, ratios, account types, journal entries, account balancing, and documentation. These are 40-minute rigorous tests, containing multiple choice questions with varying difficulty levels.
    The tests are divided into categories according to the position which the candidate has applied for.
    For Accounts Payable clerical positions questions asked will be on processing invoices, purchase orders, and processing checks.
    For Accounts Receivable clerical positions, where the job description includes completing accounts receivables, questions asked will be primarily on cash flow, accounts receivable concepts, collections, invoices/billing, credits, journal entries, and payments.
    For Bookkeeping applicants, questions asked will be based on an understanding of recording transactions, basic bookkeeping functions, completing entries, and accounting concepts.
  5. The questions which need to be asked during the interviews include “How do you avoid errors and review your work?”, “How have you ever helped reduce your company’s costs?”, “How do you evaluate risks?”, “Which accounting programs are you familiar with?” to select the right candidate.

 

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