IFRS Test

When looking to fill an IFRS position, it's important to make sure that the candidate has the skills necessary to do the job. An IFRS skills test can help ensure that the candidate is a good fit for the position.

  • What is an IFRS skills test?

    An IFRS test evaluates whether an individual has the required skills, attributes and experience needed to be an IFRS specialist.

    The test is used as a pre-screening tool to ensure that those candidates taken forward to the later stages of the recruitment process are the most qualified based on their skill set and abilities.

    Comprised of both multiple-choice and situational questions, the test is an easy-to-administer and cost-effective tool to identify the most suitable candidates. Candidates that perform well in the assessment have the skills needed to be effective IFRS specialists. Those that attain scores below the required benchmark can be eliminated from the process.

    The IFRS test ensures that as a recruiter, you base your hiring decisions on objective data that leads to successful hiring decisions.

Jump to a section on this page:

  1. What is an IFRS skills test?
  2. What are the benefits of using the IFRS skills test for pre-screening?
  3. How our test measures IFRS skills
  4. IFRS Test FAQs

Identify the best candidates and hire faster

Our pre-employment tests let you drill down to the best candidates at the click of a button.

  • Find those candidates who will excel in the role.

    Select the assessments that match the skills or behaviours for the position. You can test for software or coding competency, soft skills like teamwork, or personality traits, to be sure those who pass have high potential.

  • Reduce costs and time.

    No more laborious sifting of resumes or cover letters. Pick your ideal assessment mix, invite your applicants to take them, see the results in your dashboard. Get to the interview stage fast.

  • Eliminate bias.

    All your candidates take the assessments on a level playing field. Only their results determine whether they get shortlisted.

  • What are the benefits of using the IFRS skills test for pre-screening?

    IFRS specialists are qualified accountants who have a working knowledge of the international financial reporting standards (IFRS) and are able to ensure that financial documentation is in accordance with these rules. Their work is highly technical and concentrates on preparing financial accounts or work that may require a set of accounts produced by an organization.

    The role requires a high degree of problem solving, numerical reasoning and analytical skills. Strong communication and time management skills are also essential in this role.

    These skills and knowledge are tricky to assess from a CV or interview alone. When recruiting IFRS specialists, it is critical to ensure those you recruit have the skills and knowledge needed to perform the role effectively.

    The IFRS skills test provides recruiters with a means to directly evaluate individuals on these essential skills. Candidates that do well on the test have the skills needed to be successful as IFRS specialists, those that attain low scores do not. This way, you get comparative results that can inform your recruitment decisions, and are based solely on the individual’s skills and experience.

    The test also provides a cost-efficient way of streamlining your recruitment process, ensuring you progress only the most suitable candidates to the later stages of the recruitment process.

    As the skills needed to be an IFRS specialist are shared by many similar professions, the IFRS test is a beneficial addition when recruiting:

More Job Skills Tests

How our test measures IFRS skills

Test questions are designed to assess industry-specific technical skills, soft skills, aptitude and suitable personality dimensions. Our data-driven approach provides results that enable you to determine how suited is a candidate for the role.

Depending on the type of question, the format of the test may vary. Multiple-choice questions are used to measure aptitude, technical skills and soft skills, while agreement on a Likert scale assesses suitable personality dimensions. Skills tests ensure that candidates are being evaluated in a precise and impartial manner, their results demonstrating the true knowledge and potential of each test taker.

The characteristics required to be an IFRS specialist were determined by looking at the skills and abilities listed in the US Department of Labor’s O*NET database, which collects data from professionals in various fields.

O*NET is the largest database of its kind, providing detailed information about occupations and the requirements for each role.

Our team of I/O psychologists and psychometrics worked closely with subject-matter experts to create an extensive question bank that can be used to test multiple candidates. We also conducted rigorous field testing with a representative sample of candidates to ensure that the questions were reliable and valid.

Test scores are averaged together to give an overall score. The average score is compared to other candidates' scores to ensure there is no bias toward certain candidates.

Our IFRS test is constantly updated and optimized to ensure the best experience and results.

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Validated

Predictor of job success

Picked provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).

  • Assessments

    A full suite of assessments

    Our platform comes with 12 tests across both foundation and advanced levels so they’re suitable for everyone. Including aptitude, behavioural and personality tests, you’ll have a full range of tests to help you find the candidates you’re seeking.

  • Analytics

    An array of candidate metrics

    For each of your candidates, you’ll be given a comprehensive report. Included will be all the metrics you need to build a detailed picture of each candidate and ensure you’re making the right hiring decisions.

“The platform is so simple to use. I had used competitor providers for over six years and will never go back. Fast, efficient and friendly!”
Greg Chambers, HR Business Partner, Littlefish Ltd
Greg Chambers, HR Business Partner, Littlefish Ltd

IFRS Test FAQs

What skills should I look for when hiring an IFRS specialist?

The skills needed by an IFRS specialist include strong problem solving, accountability, time management and communication. These skills enable IFRS specialists to work with their clients, producing accounts that are accurate and in line with IFRS guidelines.

What other tests can be useful when hiring an IFRS specialist?

Several tests can be helpful when hiring an IFRS specialist. These tests evaluate the skills needed for an IFRS specialist to be successful in their role. Tests include analytical skills tests such as logical and numerical reasoning enabling IFRS specialists to analyze information and reach a logical conclusion when producing and reporting on accounts.

Can I see what the test is like?

Yes, of course. You can try the test for free by signing up for a free trial.

Are these tests available in my plan?

We have a range of plans available. The difference between the plans is the number of test attempts permitted, not the type of tests. All our plans include our full test suite comprising all tests and all levels.

“An unbeatable service, impressive platform and fantastic value for money.”
Laurence Fishman, Partner, NLPCA
Laurence Fishman, Partner, NLPCA

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