Management Accountant Test
The Management Accountant Test is an international test designed for assessing candidates whose position will include providing management accounting support to their employer. The test assumes a level of skill and competency that would normally be held by an accountant who is a member of their professional body e.g. CIMA / CGMA, CPA (USA), ICAEW (UK), CAANZ (Australia and New Zealand), ISCA (Singapore), ICAI (India), ACCA or similar. However the test can also be applicable to other accountants with significant work experience in management accounting.
Job titles which are likely to fit well with this test would include Finance Manager, Management Accountant, Group Accountant, Financial Controller, General Ledger Accountant, Company Accountant.
The test is applicable across any English speaking country and tests core management accounting skills without reference to individual country legislative requirements.
The test covers four core management accounting activities:
- Budgeting and Forecasting – budgeting and cash flow preparation and reporting including variances
- Organisation Financial Health – analysis of management reports including ratios
- Decision Support - using analysis and accounting knowledge to assist an organisation to make operating decisions
- Capital Budgeting & Capital Projects – analysis to support decisions on capital projects
The report received will enable the recruiting manager to gain insight into a candidate's skills and knowledge in each of these four activities, as well as a comparative overall score and performance against a norm group of other management accountants. You can also identify a candidate's performance in the activities most relevant to your vacant role.