Advanced Accounting Assessment


Advanced Accounting Assessment


The Advanced Accounting test is designed to screen applicants of approximately three to five years experience in accounting. It covers the areas of Accounts Payable, Accounts Receivable, Payroll, General Ledger, Financial Analysis, Cost Accounting, and Auditing. Without focusing on a specific software package, the test attempts to focus upon skills used by an accountant in the work environment, and less on the general ledger equivalent of each entry that one would find in an academic test.

Assessments for General Accounting and General Ledger are also available.


Total Questions 46
Question Types Multiple Choice
Competencies Tested Accounts Payable
Accounts Receivable
Cost Accounting
Financial Analysis
General Ledger
Tasks Tested Year End Balances
Notes Payable
Calculating Current Liabilities
Calculating Accrued Expenses
Calculate Accrued Interest
Recognizing Long-Term Liabilities
Percentage of Sales Method
Calculating Allowance for Bad Debt
Percentage of Receivables Method
Direct Write Off Method
Settlement with Note
Pension Expense
Record Accrual
Calculating Net Pay
Calculating Gross Earnings for Partial Periods
Payroll Taxes
Auditor's Report
Recognizing Fraud
Auditor's Opinion
Recognizing Audit Objectives
Management Assertions
Loan Analysis
Audit Evidence
Recognizing Misstatements
Recognizing Costs
Inventory Types
Costing Systems
Definitions of Costs
Breakeven Point
Working Capital
Recording Income
Methods of Valuation
Analysis of Financial Statements
Current Ratio
Effectiveness of Ratios
Quick Ratio
Double Declining Balance
FIFO Inventory Method
Depreciation Methods
LIFO Inventory Method
Bank Reconciliation
Sum-of-the-Years-Digits Depreciation
Inventory Methods
Straight Line Depreciation
Statement of Cash Flows