IFRS 9 assessment to find the most suitable candidates with IFRS 9 skills
IFRS 9 test assesses the candidate's ability to apply the key IFRS 9 principles and understand the classification and measurement of financial instruments. IFRS 9 Business Model Test lets you test a candidate's knowledge on the International Financial Reporting Standard 9 published by the International Accounting Standards Board (IASB).
Availability
Ready to Use
Test Type
Domain
Experience Level
3+ years
Difficulty Level
Easy
Test Duration
30 Minutes
Total Questions
16 Questions
Relevant Job Roles
Financial Analyst, Risk Analyst, Investment Banking Professional
Scores Reported
English
Inside This Assessment
The IFRS 9 assessment from Mercer |Mettl is intended to thoroughly assess a candidates' knowledge on the International Financial Reporting Standard 9 published by the International Accounting Standards Board (IASB). This test also evaluates a candidate's knowledge of applying the key IFRS 9 principles and addressing the accounting for financial instruments, thus making it easier to hire candidates for suitable roles.
This comprehensive functional test has been designed to evaluate a candidate’s ability to understand how IFRS 9 specifies an entity to classify and measure financial assets, financial liabilities, and some contracts to buy or sell non-financial items. It evaluates whether candidates know about the areas of applicability and whether they can classify financial instruments according to the fundamental principles of IFRS 9.
Designed by subject matter experts, Mercer| Mettl's IFRS 9 business model test helps identify those candidates who demonstrate an ability to evaluate financial transactions in line with IFRS 9 principles. It also assesses the ability to understand the classification and measurement of financial instruments. The skills of the candidate are evaluated on three levels - basic, intermediate and advanced. The IFRS 9 test contains 16 questions to be completed in 30 minutes.
The candidates who perform well in this test may have an understanding of:
- Classification and measurement of financial instruments
- Impairment of financial assets
- Hedge accounting
Mercer| Mettl's IFRS 9 business model test helps to screen candidates who possess the following skills:
- Understands the concept of classification and measurement of financial instruments, impairment of financial assets and hedge accounting
- Understands established principles for the financial reporting of financial assets and financial liabilities that will present relevant and valuable information to users of financial statements
Key profiles this test is used for:
- Financial Analyst
- Risk Analyst
- Investment Banking Professional
SKILL LIBRARY
This Assessment is a part of following Skills Libraries
IFRS 9 Competency Framework
Get a detailed look inside the test
Competency Under Scanner
Use this IFRS 9 assessment to test candidates' ability to evaluate financial transactions in line with IFRS 9 principles and understand the classification and measurement of financial instruments.
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Frequently Asked Questions (FAQs)
1. What is the purpose of IFRS 9?
IFRS 9 was published by the International Accounting Standards Board's (IASB) in order to improve the accounting and reporting of financial assets and liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing, and uncertainty of the entity's future cash flows.
2. How does IFRS 9 work?
IFRS 9 defines how an entity should categorize and estimate financial assets, financial liabilities, and some contracts to procure non-financial items.
