The Accounting - Investment Funds (US) test is designed to assess the knowledge and skills of job candidates and employees responsible for performing accounting, audit, and supervisory tasks within investment fund management under United States regulations. It evaluates proficiency across key areas including Net Asset Value (NAV) Calculation and Share Pricing, Investment Fund Financial Statement Preparation and Reporting, Regulatory Reporting and SEC Compliance, Fund Accounting Reconciliation and Exception Management, Subscriptions, Redemptions, and Capital Account Management, and Audit Procedures and Internal Controls for Investment Funds. The test measures skills applicable to mid-level through supervisory-level professionals, covering US GAAP and IFRS standards, SEC filing requirements, and fund operations such as distribution accounting and capital account management.

The assessment uses a combination of Multiple Choice, Multiple Correct Answer, and Essay Composition questions drawn from a large pool to minimize cheating, and includes time-limited questions to enhance predictive performance and further deter dishonesty. One or more questions are scored using artificial intelligence, ensuring consistent and objective evaluation of open-ended responses. Together, these features make the test a comprehensive and reliable tool for identifying qualified professionals capable of managing the complex accounting demands of investment fund operations in a US regulatory environment.

The specific attributes measured include:

Following completion, the test produces a Candidate Selection Report that includes an overall score and detailed scores for each attribute.

The Candidate Selection Report also provides expert interview questions that help you probe critical or low-scoring areas, along with a guide for noting your evaluation of the candidate's responses. Consistent use of an interview guide is an important part of gaining better candidate insights and making better hiring decisions.

Note that while the Accounting - Investment Funds (US) assessment is a useful and efficient instrument for confirming a base level of skill or knowledge about this important topic, it is not intended to pinpoint the exact level of candidate or skill. We recommend that skills tests, like this one, be used in parallel with other measurements, such as cognitive ability, job fit, and behavioral history. Each different type of test provides a valuable piece of information you can use when evaluating potential job performance.