iMocha’s cost accounting knowledge test enables recruiters and hiring managers to hire job-fit candidate within a short period and take unbiased hiring decision. Our test is useful for hiring Cost Accountant, Cost Accounting Manager, and Cost Analyst. This cost accounting knowledge test reduces time-to-hire by 45%.
Cost accounting is an accounting method in which recording, classifying, analyzing, summarizing, allocating, and evaluating various alternative courses of action for the control of costs takes place. It also aims to capture a company's cost of production by assessing the input costs of each step of production as well as fixed costs, such as depreciation of capital equipment. It assists management by providing analysis of cost behavior, cost-volume-profit relationships, operational and capital budgeting, and standard costing. Cost accountant assists management by providing analysis of cost behavior, cost-volume-profit relationships, operational and capital budgeting, standard costing, variance analyses of costs and revenues, transfer pricing, activity-based costing, and more. Cost accountant is a person who is responsible to maintain standard costing of each product which is used for various other material movements, variance preparation, and cost sheet.
The cost accounting knowledge test enables employers and recruiters to identify potential prospects by evaluating working skills and job readiness. For this reason, the emphasis is laid upon evaluating the knowledge of applied skills gained through real work experience, rather than theoretical knowledge. The cost accounting test is created and validated by experienced Subject Matter Experts (SME) to evaluate cost accounting skills of candidates as per industry standards. Cost accounting knowledge test helps recruiters and hiring managers to assess and hire cost accountant better and faster.
The Cost Accounting test helps to screen the candidates who possess the below traits:
The cost accounts knowledge test ensures that the new hires will be a right fit for the position. The process of hiring such candidates will be done through our screening tests which are automated and will provide you with detailed analytical reports of each appeared candidate. Our score reports will help you to measure the accounting skills, critical thinking skills, and problem-solving skills by making your recruitment process easy with an efficient budget.
The cost accounting test may contain MCQs (Multiple Choice Questions), MAQs (Multiple Answer Questions), Fill in the Blanks, Whiteboard Questions, Audio / Video Questions, AI-LogicBox (AI-based essay evaluation), Job-based Simulations, True or False Questions, etc.
The cost accounting test contains a combination of application and theory questions that help you to evaluate the application as well as the practical skills of candidates.