HomeFinance Tests
Historical Cost Skills Test
Test duration:
20
min
No. of questions:
15
Level of experience:
Entry Level/Mid/Senior

Historical Cost Skills Test

This skill test aids talent managers in making skills-first hiring and upskilling decisions. With the help of this test, you can assess skills such as measurement, implications, applications in financial reporting, and more. It can also help decrease the interview-selection ratio by 70% and measure your learning programs' ROI.

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What is the Historical Cost?

It is an accounting principle that states that assets and liabilities should be recorded at their original purchase or acquisition cost. It is based on the notion that the cost incurred to acquire an asset or incur liability is the most relevant and reliable measurement for financial reporting purposes.

Why use iMocha?

This skills test is intended to discover suitable candidates in this field. The test will assist you in covering topics such as financial reporting measurement, consequences, and applications. Companies can use this test to assess individuals" strengths in a data-driven fashion. Furthermore, all the questions in this test comply with EEOC criteria to provide a bias-free recruiting and upskilling decision-making process.

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How it works

Test Summary

A variety of skills can be evaluated using this skills test, as detailed below:

  • Capability to analyze and make relevant insights from previous cost data.
  • Analyzing a set of records to find trends or patterns.
  • Capability to create accurate financial accounts in accordance with cost principles.
  • Capability to be considered first for all improvements in digital banking information to stakeholders effectively.

Furthermore, this test also leverages AI-powered proctoring settings to reduce the chances of cheating and malpractices during the assessment.

Useful for hiring
  • Accountant
  • Financial Analyst
  • Cost Accountant
  • Valuation Analyst
  • Auditor
Test Duration
20
min
No. of Questions
15
Level of Expertise
Entry Level/Mid/Senior
Topics Covered
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Sample Question
Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.
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Question:

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You can customize this test by

Setting the difficulty level of the test

Choose easy, medium, or tricky questions from our skill libraries to assess candidates of different experience levels.

Combining multiple skills into one test

Add multiple skills in a single test to create an effective assessment and assess multiple skills together.

Adding your own
questions to the test

Add, edit, or bulk upload your coding, MCQ, and whiteboard questions.

Requesting a tailor-made test

Receive a tailored assessment created by our subject matter experts to ensure adequate screening.
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