Running a business requires the use of data, reports, records, analysis, accurate asset information, profits, debts, liabilities; and this is perhaps why accounting is crucial for running a business. The accounting information is essential in running a business because it can be used to track expenditures and income, ensure compliance with procedures and policies, and provide management, investors, and other stakeholders with quantitative financial data. That is why accounting is an integral part of almost any business, whether it is being practiced by a bookkeeper, accountants for smaller firms, or a finance department at larger organizations.
Some of the main functions of accounting are keeping a tab on a company's financial health indicators(such as Profit & loss statement, balance sheet, financial position, etc.), analysis of financial accounts and reports, accounting system development, collection of economic data, formulation of financial plans, etc.
In current times, accounting is directly associated with financial management. Due to prevailing factors such as entity concept and management, the rise of international business communication, growth of joint-stock companies, the horizons of businesses have significantly expanded enabling organizations to take various business decisions based on multiple accounting data and information.
An impeccable understanding of accounting is a critical parameter to consider before entrusting that responsibility to just anybody. So, when the need for recruiting new talent in the organization arises, you must ensure that the candidate you select has the essential accounting skills and aptitude to do the job well. That's where an accounting aptitude test comes in handy.
What is a pre-employment accounting test?
A pre-employment accounting test(also known as accounting aptitude test) is an assessment administered to ensure that job candidates are well-versed in accounting principles, concepts, and terms. When delivered as a part of the recruitment process, it helps in screening out unsuitable applicants and narrowing down the list of candidates, saving you oodles of time and enabling you to conduct interviews to hire only top prospects. The accounting assessment test is one of the many competency-based assessments offered by Mercer | Mettl.
Some candidates with prior work experiences do not see it coming when they are asked to take a skill assessment test. Why should you set up an accounting skills test in your hiring and pre-employment process? Because accounting skill assessment tests, like the one provided by Mercer | Mettl, offer an objective, scientifically-validated method for evaluating the knowledge of test-takers.
By including the aptitude test for accounting jobs during the pre-employment screening process, you can ensure that the potential candidates you shortlisted for the interview have the skills you need. You can also develop custom aptitude and skills tests that include test items tailored to the job role you are recruiting for.
Are you looking for a customised version of this test. Or looking to get a new test build according to your requirements from scratch? Reach out to our subject matter experts and discuss the same.
Why should you use Mercer | Mettl's accounting aptitude test?
The HR team and hiring managers may not be well-acquainted with every job-specific competency for every position. How can they assess each aspirant's ability, without fully understanding if he/she has the right skills for the job? Mettl's pre-employment accounting test is critical in helping them gauge a candidate's talent and potential. Accounting associates are expected to have clarity of thought, strong logical reasoning in order to undertake complex calculations, implement research and feasibility studies, manage budgets and resources efficiently, and communicate with clients effectively.
Mettl's accounting assessment test is suitable for hiring candidates with 0-1 years of experience with a degree of Bachelors of Commerce, Business Administration, and even an articleship experience from professional courses like Chartered Accountancy for entry-level roles. The competencies are weighted as per their importance in performing well in the job and are further entailed in:
|Number of sections||3|
|Number of questions||47|
|Test Duration||60 Mins|
NOTE: If required, the test can be offered in other languages as well. Please connect with us for any such requirement.
|Accountancy Knowledge||Assesses the candidate's conceptual knowledge on Balance Sheets, Accounting Statements, Accounts Payable, Accounts Receivable and other important concepts used in day to day work.|
|Situational Judgement Test||Assesses the functional understanding of the accountant's job process through real-life situational judgment questions|
|General Aptitude Test||Assesses the ability of an individual to learn, reason, observe and solve problems through evaluating them on competencies like Analytical Ability, Data Interpretation, and Verbal Ability, which are essential for performing well in this role|
Key profiles the test is useful for are:
What is an accounting aptitude test?
An accounting assessment test is a test of a candidate’s ability to evaluate and process numerical and financial information. It helps assess a candidate’s problem-solving ability when faced with complex tasks.
What are the most common questions asked in an accounting test?
Questions in Mettl’s aptitude test for accounting jobs revolve around evaluating various parameters and skills. It is designed to assess a candidate’s accounting knowledge, which includes testing him/her on balance sheets, accounting principles, among other things. Apart from this, candidates are also tested on general aptitude and situational judgment questions.
What are the fundamental concepts of accounting?
Listed below are several accounting concepts that one must understand to gain a thorough understanding of how accounting works:
What questions are usually asked in an accounting interview?
Given below are some of the most common accounting interview questions that recruiters ask during an interview:
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Related TagsFinance & Accounting