Universal Fass Test

Participating countries

Philippines, China, South Korea, Indonesia, Vietnam

Testing window

From December 2011 to February 2012 (Examiners of each jurisdiction can set the test dates at their discretion.)

Expected applicants

Employees who are engaged in finance/accounting or other relevant functions in the branch or companies in each jurisdiction
* As the objective of the pilot test is to develop an examination set for the UNIVERSAL FASS TEST, the test takers remain anonymous to the examiner.

* However, each test taker is requested to register his or her profiling data (such as sex, age, professional designations held, job position, length of service, etc.) for the purpose of verifying and analyzing the test results.

Number of applicants

No limit

Test time

90 minutes

Test questions

100 questions regarding the job functions relating to assets, closing, treasury and tax (with a full mark of 800)
* The exam questions are developed in accordance with the legal and regulatory system of each jurisdiction.

[For your information, the FASS Test administered in Japan covers the following job functions.]

<Assets> Accounts receivable control, accounts payable control, inventory control, fixed asset control, software control
<Closing> Monthly result control, Nonconsolidated closing, consolidated closing, disclosure
<Treasury> Cash receipt/payment control, notes control, securities control, debt guarantee control, loans receivable control, loans payable control, corporate bond control, derivative transaction control, foreign currency transaction control, fund management

<Tax> Tax effect calculation, filing consumption tax returns, filing corporate income tax returns, filing consolidated tax returns, response to tax inspection

* Sample questions (to be prepared in English, Japanese and the local business language of each jurisdiction) will be submitted to each test site beforehand.

« Click, here

Question format

Multiple-choice format with four answer options

Language used

Local business language of each jurisdiction

Implementation method

IBT (Internet-based testing)

* As the internet access during the entire testing time is not required, the test can be implemented in the sites with relatively unstable network environment.

Test site

As a general rule, the test should be implemented at the office of the participating company.
* Since the test is implemented in the form of IBT, the test takers can sit for the test if they have a PC connected to the internet.

* If there is any inconvenience in implementing the test at the office, the test can be implemented elsewhere (eg. at test taker’s residence). The test takers should basically follow the test site policy of each participating company.

Test administration

A local test administrator is required to be appointed.

* The test administrator is responsible for distributing the examinee IDs, confirming completion of the test and liaising with the examiner. It is not necessary for the test administrator to perform as a procter during the test.

* FASS Committee members or other persons in change who belong to the parent company can also be registered as test administrator.

Test result

The following test results will be provided on the PC monitor immediately after the test.

* Score: total marks out of the full 800 marks

* Level: Five-level evaluation (from A to E) based on the total marks

* Achievement level by testing scope: Achievement level in terms of percentage by testing scope of assets, closing, treasury and tax

≪FASS Test／Level of the test result≫

Level	Score	Evaluative Comments
A	689 or above	- Have sufficient skills to confidently perform job duties in the accounting and finance function with an accurate understanding of its entire work processes.
B	688 - 641	- Have sufficient skills to perform job duties in the accounting and finance function with a reasonable level of understanding of most of its work processes. - Although the level of accuracy of the knowledge varies by job field, this will not cause any problems in satisfactorily performing the job.
C	640 - 561	- Have basic skills to perform the day-to-day job duties in the accounting and finance function with limited ability to address jobs that have never been attempted before. - Have skills to comfortably address any issues concerning the day-to-day job duties with a reasonable level of understanding of their nature.
D	560 -441	- Have skills to perform minimum required job duties with some support although the level of accuracy of knowledge varies widely across job fields.
E	440 or below	- Has a limited level of understanding of the work processes in the accounting and finance function. - Needs to make further efforts in developing the skills.

Awards

Awards to be given to top performers who achieve Level A score

* The examiner will give awards to those who achieve Level A score and are willing to have their names registered.