Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Test launched to test ability of job seeking accountants

MEDIA RELEASE

August 29

Online test launched to test technical ability of job seeking accountants

An online accountancy technical competency test will go some way to preventing costly recruitment decisions.

Over 1000 accountancy positions are being recruited for at any given time in New Zealand and selecting the wrong candidate can cost up to $199,000 or 143% of an average chartered accountants annual salary.#

The development by Accountests (https://www.accountests.com/
), a cloud based CA, graduate accountant and bookkeeping test suite, is the brainchild of human resources specialist Steve Evans, after many discussions with disillusioned accountants.

One of those, chartered accountant Giles Pearson said “for many of our clients, as employers of CA’s and unqualified accountants it is a bit of a hit and miss when it comes to assessing their technical expertise.

“In many instances the candidate will have a good CV, will interview well and the referees are glowing, but when it came down to technical proficiency, our clients didn’t really have a tool to test them on.

“You can ask candidates about their experience, and although many are qualified, some can’t apply their skills practically to the benefit of their client or employer,” Mr Pearson said.

Mr Evans drew upon his expertise in psychometric testing and HR tactics to develop the questionnaires, which were validated by partner and manager level accountants at PwC, Staples Rodway and BDO, chief financial officers and financial controllers within businesses along with HR candidate selection specialists. Academic support was provided by Waikato University.

“It was important that we developed a tool that had been thoroughly tested – both in outcomes and functionality. It had to be easy to use and the test takes just 30 minutes.

“When combined with structured interviews and assessments of ability and personality, it will strengthen the decisions for appointing the most suitable candidate.

“We have spent a lot of time getting it right and we’re now ready to offer it to accountancy firms, businesses and recruitment companies in New Zealand and then throughout the world,” Mr Evans said.

The CA version tests candidates in the areas of financial accounting, taxation, management and costing.

One hundred accountants undertook the test to develop a base for comparing performance (norm group).

The average score for CA’s in the test was 52% and a noticeable trend was that accountants scored well in their specialist area but few scored well across the four subject areas.

The Non-qualified/graduate Test covers the same areas but with questions adjusted to the level of skill required for those positions

The New Zealand Bookkeeper Test assesses knowledge and skills for roles such as bookkeeper and accounts assistant. Questions vary in complexity and extend to journal entry, accounting concepts, business support and taxation.

Accountests will be revealed at the HR conference HR Game Changer Conference at Sky City in Auckland this week.

# Source: Chartered Institute of Personnel & Development (CIPD)
Accountant salary figures sourced from NZICA 2013 Remuneration Survey.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news