Which specific tests should you use?
The following tests are useful in measuring the quality of your hires for accounting positions:
- Numerical reasoning
- Situational judgement
- Abstract reasoning
- Personality
- Verbal reasoning
- Job knowledge test
Numerical reasoning
A numerical reasoning test measures potential employees to work with numbers quickly and accurately. They will face a series of timed, mathematical questions that tend to be perceived as challenging due to the time restrictions as opposed to content.
Numerical reasoning tests require a good understanding of calculations such as ratios, fractions and percentages - all of which an accountant would be required to work with daily. However, the real emphasis is placed on demonstrating the ability to interpret data in the form of graphs and tables to find the correct answer or solution.
Situational judgement
Situational judgement tests (SJTs) may be role dependent and are commonly used for leadership positions as they offer insight into candidates motivations, approaches to conflict resolution and applied problem-solving.
SJTs present a series of hypothetical workplace scenarios, candidates must select a single resolution from multiple-choice responses within a set amount of time. This also lets a recruiter know how a candidate is likely to make decisions whilst under pressure - which will be necessary to a senior accounting employee.
Abstract reasoning
This is all about being able to predict outcomes and trends with confidence. An abstract reasoning test measures a candidate's ability to think with fluid intelligence, meaning, they can find relationships between patterns, shapes or data, and are then able to apply that relationship to predict what comes next.
As you can imagine, this comes in handy within financially focused roles and enables an employee to plan for the income and outgoings of a business with a degree of confidence. The test requires a unique blend of logical and creative thinking, so you can be sure that a candidate performing well on this time-pressured test would make an effective hire.
Personality
Personality tests can be used as an indicator that a candidate is a good cultural and team fit – for example how well they will build rapport, how likeable you are and how aligned to company values you are.
The traits you are tested on are related to the qualities you might expect for a team-oriented and client-facing role such as an investment manager, bookkeeper or accounting clerk. An ideal accountant would demonstrate skills in the following, which a personality test can identify:
- Self-motivation
- Integrity
- Trustworthy
- Interpersonal skills
Verbal reasoning
A verbal reasoning test assesses a candidates ability to comprehend large amounts of written or oral information, identifying if the information is true, implied truth or completely false.
Candidates scoring highly on this test will have excellent communication skills which are essential to accounting-based roles for managing client relationships, interactions with professional bodies and maintaining positive teamwork.
Job knowledge test
Job knowledge tests will be extremely specific and measure how immersed a candidate is in the world of accounting. It will look at financial news, business trends and most importantly accounting regulations. This highlights candidates most prepared with the latest knowledge to help them succeed in their role.