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

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news