Accountancy Psychometric Tests
Psychometric Tests are a key component of the Accountancy application process. The makeup of the psychometric tests you’ll face will depend on the Accountancy firm you apply for. They will include psychometric tests such as numerical reasoning tests, verbal reasoning test, diagrammatic reasoning tests and situational judgement tests.
So, if you’re applying for a role in an Accountancy firm, it’s important to find out more about these psychometric tests and get practice doing them to improve your performance.
Accountancy Numerical Reasoning Tests
The numerical reasoning test assesses your ability to evaluate, analyze, and interpret numerical information that will be provided to you in charts, graphs, and tables. It’s particularly to practice numerical reasoning tests before you take the exams to improve your accuracy and the speed you can answer the questions.
Most companies looking for candidates to fill accountancy-based roles are expecting the individual to have exceptional numeracy skills. These types of roles also require strong analytical skills and ability to problem solve. As such, the recruitment process is likely to place emphasis on aptitude tests designed to demonstrate these types of skills.
It is common for these tests to be numeracy based, so that the employer can see how well you handle analysing numerical information and completing complex calculations. We would highly recommend revising over basic numeracy principles such as calculating percentages, ratios, factions and decimals.
The types of questions you are going to be presented with will expect you to analyse numerical information illustrated within a table, graph, chart, balance sheet and many more. Furthermore, you are normally provided with a calculator to answer any online-based exam and will typically have one minute to answer each question.
Accountancy numerical reasoning tests are more specific to accountancy-based information. You are likely to be asked to interpret information such as a set of accounts, inflation, a profit and loss account, currency conversions, costs of productions and/or transport and everyday economic data. Whilst they can be challenging, you are not expected to have formal university knowledge in order to be successful.
Accountancy Verbal Reasoning Tests
Verbal reasoning tests assess your understanding and comprehension skills. In the verbal reasoning test you will be presented with a short passage of text which you’ll be required to interpret before answering questions on. These are typically in the ‘True, False, Cannot Say’ multiple choice format, although there are a range of alternatives too.
Accountancy Situational Judgement Tests
The situational judgment test is a set of questions assessing how you might react to hypothetical events and situations that are encountered in the workplace. Based on how you answer the situational judgement test, the company will get an understanding of whether you’re a good fit for them.
