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Accounts Payable Skills Test
Test duration:
30
min
No. of questions:
15
Level of experience:
Entry/Mid/Expert

Accounts Payable Skills Test

Simplify your recruitment and L&D processes with iMocha's Accounts Payable Skills Test. It helps businesses hire and upskill employees for job roles like accountants, bookkeepers, payroll technicians, and more after evaluating their skills in identifying, recording, and managing accounts payable. It also helps talent professionals with skills benchmarking, identifying skills gaps, and creating customized training programs.

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Accounts Payable Skills Test

Accounts payable is the liability on a company's balance sheet that represents the amount the organization owes to its creditors and has to be paid back in a short period of time. It is also referred to as a department that is responsible for all AP processes, from maintaining cash flow to managing vendor relationships.

Why Choose iMocha’s Accounts Payable Skills Test?

Our skill-based assessment allows talent management teams to access the best applicants from the pool of individuals for job-fit roles. The in-built test report analytics features allow you to benchmark against industry standards and make data-driven decisions. You can also count on the assessment to measure the skill competency of your existing employees and devise a training program based on the test results.

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How it works

Test Summary

This assessment helps screen candidates and employees across the following skills:

  • Ability to deal with various AP processes, such as payment processing and maintaining the company's cash flow.
  • Potential to manage day-to-day payment cycle activities in a timely and efficient manner.
  • Ability to keep track of all payments and expenditures, such as purchase orders, invoices, payroll, etc.

Our test is curated to include detailed topics, such as accounts payable skills, payroll cycle, accounting tools, bonus deduction, trade/vendor credits, etc. To ensure the individual has the potential to manage your organization’s financial records and accounting procedures effectively, you can get a detailed report at the end of the test. Our assessment also features anti-cheating and AI-based smart proctoring tools to maintain the integrity of your test.

Useful for hiring
  • Accounts Payable Specialist
  • Accounting Clerk
  • Financial Analyst
  • Staff Accountant
  • Controller
  • Bookkeeper
Test Duration
30
min
No. of Questions
15
Level of Expertise
Entry/Mid/Expert
Topics Covered
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Accounting Ethics

Knowledge regarding specific rules and guidelines set to prevent fraudulent practices and preserve integrity.

Accounting Practices

Ability to record the day-to-day financial operations of an organization, including keeping a record of sales, purchases, expenses, receipts, and payments.
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Accounting Tools

An understanding of accounting tools that can facilitate decision-making and optimize performance.
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Asset Payment

Skills related to payments of principal, interest payments, and other such payments on assets.
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Trade Credit

An understanding of the concept of purchasing goods or services without immediate cash or cheque payments.
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Vendor Credits

An understanding of the concept of credits received by vendors that they owe to the organization.
Sample Question
Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.
Question type
Topics covered
Difficulty

Question:

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Test Report
You can customize this test by

Setting the difficulty level of the test

Choose easy, medium, or tricky questions from our skill libraries to assess candidates of different experience levels.

Combining multiple skills into one test

Add multiple skills in a single test to create an effective assessment and assess multiple skills together.

Adding your own
questions to the test

Add, edit, or bulk upload your coding, MCQ, and whiteboard questions.

Requesting a tailor-made test

Receive a tailored assessment created by our subject matter experts to ensure adequate screening.
FAQ
How is Accounts Payable Skills test customized?
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Accounts Payable skills test is devised to offer a personalized testing experience to streamline your hiring and upskilling processes. Our SMEs customize this assessment by covering a wide range of skills and topics. The customizations can be targeted to include data entry, payroll, purchase order processing, and accounting skills, along with soft skills like problem-solving and analytical thinking. Based on your organization’s needs, you can further customize the test by selecting your own questions for better efficiency.

What are the most common interview questions related to Accounts Payable?
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Some of the common interview questions related to Accounts Payable include the following:

  • What is Account Payable? Explain it with an example.
  • What are the key functions of accounts payable?
  • What is a non-PO invoice? How is it different from a PO invoice?
  • What is the P2P cycle?
  • What steps should be taken before approving an invoice for payment?
  • Who is a consignor, and how are they related to a consignee?
  • How are accounts payable different from accounts receivable?
What are the required skillsets to work on Accounts Payable?
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The required skill sets to be successful in Accounts Payable include the following:

Technical Skills

  • Microsoft Excel and data entry skills
  • Accounts Payable processes, purchase order processes, and other accounting-related topics
  • Accounting software skills to handle tasks such as invoicing, tax calculations, etc.
  • Numeracy and analytical skills

Soft Skills

  • Collaboration and communication skills
  • Problem-solving skills
  • Time management skills
  • Organizational skills
  • Attention to detail skills