Assess your Accounting proficiency: Test your skill abilities

Empower your organization with Accounting by taking our free Accounting Assessment Test. Identify your team's areas of expertise and potential areas for improvement to pave the way for success.

Test Duration: 30 mins |
No of questions: 40 |
Level of experience: Beginner/Intermediate/Expert

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Accounting Online Test Summary

Accounting tests by Elite Learning is a scientifically designed assessment by our subject experts. This test evaluates an individual's skills and knowledge in Accounting . Employers can use the results to evaluate candidates proficiency in Accounting and make informed hiring decisions. Additionally individuals can use their test results to identify areas where they need to improve their skills and knowledge in Accounting .

Topics Covered In Accounting

Introduction to Financial Accounting

Accounting concepts

principles and conventions

Recording of transactions

Bank reconciliation statement

Bills of exchange

partnership accounts-admission of a Partner

Retirement and death of a partner

depreciation accounting

Trial balance and financial accounts

Accounting standards

Secondary Books

Introduction to company accounts

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Sample Questions for Accounting are:

Q. Which of the following statements is true regarding the accrual basis of accounting?

A. Revenues are recognized when cash is received.

B. Expenses are recognized when cash is paid.

C. Transactions are recorded when cash is exchanged.

D. Revenues and expenses are recognized when earned or incurred.

Q. Which of the following would be classified as an intangible asset?

A. Accounts receivable

B. Inventory

C. Land

D. Patent

Q. Which of the following inventory valuation methods typically results in the lowest reported profit during periods of rising prices?

A. FIFO (First-In, First-Out)

B. LIFO (Last-In, First-Out)

C. Weighted Average Cost

D. Specific Identification

Q. Under the double-entry accounting system, which of the following accounts is debited to record an increase in accounts payable?

A. Accounts Payable

B. Cash

C. Accounts Receivable

D. Inventory

Q. What is the effect of an increase in the discount rate used to calculate the present value of future cash flows?

A. Increases the present value of future cash flows

B. Decreases the present value of future cash flows

C. Has no effect on the present value of future cash flows

D. Cannot be determined without additional information

Top Job Roles that need Accounting are:

Accounting Analyst

Accounting Consultant

Accountant

Accounting Officer

Associate - Accounting or Auditing Firm

Associate Auditor

Associate Director of Financial Services

Associate - Investment Banking

Auditing Manager

Auditor

Certified Public Accountant (CPA)

Credit Analyst

Banking

Director of Finance & Administration

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Finance Associate

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Staff Accountant

Tax Associate

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Account Analyst

Accounting Assistant

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Accounting Clerk

Accounting Intern

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Accounts Administrator

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Accounts Payable Clerk

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Accounts Receivable Manager

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Administrative Assistant

Administrative Manager

Administrative Officer

Assistant Accountant

Assistant Auditor

Assistant To The Vice President

Audit Clerk

Bank Clerk

Bookkeeping

Accounting

or Auditing Clerk

Executive Administrator

Finance Assistant

Finance Intern

Financial Reporting Manager

Finance & Administration Manager

Office Administrator

Office Assistant

Payroll Administrator

Payroll Manager

Revenue Analyst

Senior Manager Accountant / Auditor

Assistant Manager

Property Management

Financial Reporting Analyst

Fund Accounting Manager

Teacher Assistant

Associate Vice President (AVP)

Financial Operations

Chief Financial Officer (CFO)

Vice President (VP)

Finance

Vice President (VP) Finance & Chief Financial Officer (CFO)

Vice President (VP)

Operations

Account Supervisor

Account Reconciliation Analyst

Chief Accountant

Hospitality Manager

Cashier

Head Cashier

Account Executive

Senior Account Executive

Accounting Manager

Account Manager

Become an expert in Accounting

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Top Related Skills to Accounting are:

financial modeling

tax preparation

financial analysis

valuation

accounts payable

advanced accounting

investment planning

gst

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Frequently Asked Questions(FAQ)

The questions in the Accounting online test will be multiple choice and may cover topics such as Introduction to Financial Accounting,Accounting concepts, principles and conventions,Recording of transactions,Bank reconciliation statement,Bills of exchange,partnership accounts-admission of a Partner,Retirement and death of a partner,depreciation accounting,Trial balance and financial accounts,Accounting standards,Secondary Books,Introduction to company accounts

You can use the 44 hrs of learning content including 232 videos available on the EliteLearning platform to prepare for the Accounting online test.

Accounting test on the EliteLearning platform is an online proctored assessment and requires you to complete the test without any external help.

This test evaluates an individual's skills and knowledge of Accounting. It can also be useful for identifying areas that you need to improve upon, as well as for preparing for job interviews or certification exams in Accounting.

Yes, these tests can be used to demonstrate your knowledge and skills in Accounting for certification or job interviews. Job roles such as Accounting Analyst,Accounting Consultant,Accountant,Accounting Officer,Associate - Accounting or Auditing Firm require Accounting as a primary skill set

Yes. You can take the Accounting online test for free as part of the EliteLearning free plan.