HomeFinance Tests
Accounting Fundamentals Skills Test
Test duration:
20
min
No. of questions:
15
Level of experience:
Entry Level/Mid/Senior

Accounting Fundamentals Skills Test

iMocha's skills test is designed to help you determine the most skill-fit individuals and match them with the right roles. Using this test, you can identify candidates and employees for various positions such as Accountant, Financial Analyst, Tax Specialist, etc. Additionally, this test helps you save 45% of your hiring time and conduct training needs analysis.

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Understanding Accounting Fundamentals:

Accounting fundamentals encompass the basic principles and concepts in recording, classifying, summarizing, and analyzing financial transactions and information. It forms the foundation of financial reporting and enables organizations to make informed decisions based on accurate financial data.

Why Assess Accounting Fundamentals with iMocha?

With iMocha’s skills test, Talent Professionals can comprehensively assess individuals' proficiency in various concepts, methods, and techniques required in Accounting Fundamentals. It can help you evaluate the knowledge of individuals in concepts such as financial statements, Bookkeeping principles, and financial analysis, to name a few. It also includes features such as window violation and image and video proctoring that effectively detect cheating attempts during the exam.

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How it works

Test Summary

The assessment identifies candidates and employees who have a grasp of key concepts such as:

  • Understanding the purpose and components of financial statements, including the balance sheet, income statement, and cash flow statement.
  • Knowledge of the fundamental concept of double-entry bookkeeping, including debits and credits, and how transactions are recorded in general ledger accounts.
  • Familiarity with the accounting equation and its significance in maintaining balance in financial records.
  • Understanding the difference between cash basis and accrual basis accounting and the concept of recognizing revenues and expenses when they are earned or incurred, regardless of cash transactions.
  • Knowledge of the chart of accounts and its role in organizing and categorizing financial transactions within an accounting system.

Moreover, this test also features detailed test analytical reports for each individual, allowing you to make informed hiring decisions and create efficient learning programs.

Useful for hiring
  • Bookkeeper
  • Accountant
  • Auditor
  • Financial Analyst
  • Accounts Payable Clerk
  • Accounts Receivable Clerk
  • Payroll Administrator
  • Financial Controller
  • Cost Accountant
  • Tax Accountant
Test Duration
20
min
No. of Questions
15
Level of Expertise
Entry Level/Mid/Senior
Topics Covered
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Sample Question
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Question:

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You can customize this test by

Setting the difficulty level of the test

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