Financial Reporting skills test: Evaluate your current competency

Unlock the potential of your organization with Financial Reporting. Take our complimentary Financial Reporting Assessment Test to gain insights into your team's strengths and areas for improvement, and start driving growth and success.

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

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Financial Reporting Online Test Summary

Financial Reporting tests by Elite Learning is a scientifically designed assessment by our subject experts. This test evaluates an individual's skills and knowledge in Financial Reporting . Employers can use the results to evaluate candidates proficiency in Financial Reporting 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 Financial Reporting .

Topics Covered In Financial Reporting

Introduction to Finanical Reporting

Financial Statements

Balance Sheet and Shareholder Equity

Intangible Assets and Fair Value Accounting

Profitability Analysis

Financial Decisions

Income Statement

Property

Plan and Equipment

Analysis of Financial Decision

Liquidity of Short term assets

Group Accounts and Business Combinations

Financial Ratio Analysis

Quality of Financial Information

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Sample Questions for Financial Reporting are:

Q. Under which financial reporting framework are the financial statements prepared for most publicly traded companies in the United States?

A. Generally Accepted Accounting Principles (GAAP)

B. International Financial Reporting Standards (IFRS)

C. International Public Sector Accounting Standards (IPSAS)

D. Governmental Accounting Standards Board (GASB)

Q. Which financial statement includes information about a company's equity investments in other companies, such as stocks or bonds?

A. Balance Sheet

B. Income Statement

C. Cash Flow Statement

D. Notes to Financial Statements

Q. According to the matching principle, when should revenues and expenses be recognized in the financial statements?

A. When cash is received or paid

B. When a contract is signed

C. When economic benefits are realized or consumed

D. When goods are delivered or services are rendered

Q. Which accounting standard-setting body is responsible for developing and issuing International Financial Reporting Standards (IFRS)?

A. Financial Accounting Standards Board (FASB)

B. International Accounting Standards Board (IASB)

C. Securities and Exchange Commission (SEC)

D. International Public Sector Accounting Standards Board (IPSASB)

Q. Which financial statement is used to reconcile the beginning and ending balances of retained earnings?

A. Balance Sheet

B. Income Statement

C. Statement of Cash Flows

D. Statement of Retained Earnings

Top Job Roles that need Financial Reporting are:

Accounting Consultant

Accountant

Accounting Officer

Accounting Supervisor

Assistant Controller

Assistant Controller (Financial)

Assistant Finance Manager

Associate - Accounting or Auditing Firm

Associate Auditor

Associate Director of Financial Services

Auditing Manager

Auditor

Certified Management Accountant

Certified Public Accountant (CPA)

Chartered Accountant

Commercial Finance Manager

Corporate Controller

Cost Controller

Credit Analyst

Director of Finance & Administration

Finance Analyst

Finance Associate

Finance Director

Finance Manager

Finance Officer

Financial Accountant

Financial Accounting Manager

Financial Analysis Manager

Financial Analyst

Corporate

Financial Consultant

Financial Controller

Industrial Plant

Financial Controller

Financial Manager

Financial Planning Analyst

Financial Specialist

Fund Accountant

General Accountant

General Ledger Accountant

Junior Accountant

Management Accountant

Manager of Accounting & Financial Reporting

Manager

Financial Planning & Analysis

Senior Accountant

Senior Analyst

Finance

Senior Audit Associate

Senior Associate - Investment Banking

Senior Auditor

Senior Finance Manager

Senior Financial Analyst

Senior Manager Accountant

Tax Accountant

Staff Accountant

Tax Manager

Treasury Analyst

Accounting Assistant

Accounting Associate

Accounting Technician

Accounting Specialist

Accounts Administrator

Assistant Accountant

Assistant Editor

Associate Accountant

Assistant To The Vice President

Finance Assistant

Financial Reporting Manager

Finance & Administration Manager

Senior Manager Accountant / Auditor

Business Unit Controller

Commercial Analyst

Financial Reporting Analyst

Fund Accounting Manager

Chief Financial Officer (CFO)

Director of Operations

Vice President (VP)

Finance

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

Project Management Office (PMO) Manager

Corporate Communications Specialist

Chief Accountant

Senior User Experience Architect

Assistant Account Manager

Senior Account Executive

Accounting Manager

Account Manager

Become an expert in Financial Reporting

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Top Related Skills to Financial Reporting are:

accounting - india

cash flow management

auditing

bookkeeping

gst

advanced accounting

financial analysis

financial modeling

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Frequently Asked Questions(FAQ)

The questions in the Financial Reporting online test will be multiple choice and may cover topics such as Introduction to Finanical Reporting,Financial Statements,Balance Sheet and Shareholder Equity,Intangible Assets and Fair Value Accounting,Profitability Analysis,Financial Decisions,Income Statement,Property, Plan and Equipment,Analysis of Financial Decision,Liquidity of Short term assets,Group Accounts and Business Combinations,Financial Ratio Analysis,Quality of Financial Information

You can use the 3 hrs of learning content including 40 videos available on the EliteLearning platform to prepare for the Financial Reporting online test.

Financial Reporting 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 Financial Reporting. 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 Financial Reporting.

Yes, these tests can be used to demonstrate your knowledge and skills in Financial Reporting for certification or job interviews. Job roles such as Accounting Consultant,Accountant,Accounting Officer,Accounting Supervisor,Assistant Controller require Financial Reporting as a primary skill set

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