This test is applicable for any English-speaking country and tests core
cost accounting skills without reference to country-specific legislative
requirements. It assumes a level of skill and competency normally held
by a member of a professional accounting body including, but not limited
to:
- CIMA/CGMA
- ICAEW (United Kingdom)
- CPA (United States)
- CAANZ (Australia and New Zealand)
- ISCA (Singapore)
- ACCA or similar
The test assesses the following activities:
- Variances—identifying, calculating and interpreting production
variances
- Implementation—costing methods and terminology
- Practical issues—dealing with real costing issues
- Accounting—recording costing analysis including an understanding of
IFRS
Recruiting managers will gain insight into the candidate’s skills,
knowledge and competency in each activity. Overall score and performance
are compared with other cost accountants.