Bookkeeping Fundamentals (U.S.)

Use the Bookkeeping Fundamentals to assess candidates for knowledge of bookkeeping tasks and functions including Adjusting Entries, Business Math Conversions, Cash, Financial Statements, Fixed Assets Payable/Receivable,

About this Test

Ensure that your Accounts Receivable applicants have the skills they need by using Bookkeeping Fundamentals (U.S.) to assess knowledge of bookkeeping tasks.  Before you invest time and money to train a new employee, test your applicants for:

  • Accounts Receivable
  • Handling Cash
  • Accounts Payable
  • Business Math
  • Financial Statements
  • Payroll

This test provides the answers you need to make informed hiring and promotion decisions.

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The Bookkeeping Fundamentals (U.S.) test measures the candidate’s knowledge of bookkeeping tasks and functions. Designed for accounting clerks and others who handle bookkeeping tasks, this test covers the following topics: Accounts Payable, Accounts Receivable, Adjusting Entries, Business Math Conversions, Cash, Financial Statements, Fixed Assets, Inventories, Liabilities, Payroll, Recording Transactions, and Taxes. The candidate will need a calculator when taking this test.

Available in AUS, US, UK

Job Family/Title: Bookkeeper/Office Manager/Financial Analyst
Average Testing Time (minutes): 25
Time Allowed: 90
Number of Sittings: One
Designed for Remote Testing: Yes
Maximum Number of Questions: 30
Questions per Skill Level: 22 Beginning 13 Advanced
Question Format: Multiple Choice – Computer Adaptive Testing (CAT) technology dynamically adjusts the test to the level of the test taker resulting in shorter test times, increased accuracy and enhanced security.

Test Topics

Accounts Payable/Receivable
• Accruals
• Collections
• Interest Computations
• Notes Receivable
• Processing
• Write Off of An Account

Adjusting Entries
• Accrued Expenses
• Accrued Revenue
• Closing Entries
• Prepaid Items
• Trial Balance
• Unearned Revenue

Business Math Conversions
• Decimal Conversions
• Fractions Conversions
• Percentage Conversions

Cash
• Bank Reconciliation
• Control of Cash
• Petty Cash
• Short Term Investments

Financial Statements
• Accrual Basis Accounting
• Balance Sheet
• Cash Basis Accounting
• Cash Flow Statement
• Income Statement
• Statement of Shareholders Equity

Fixed Assets
• Depreciation
• Disposal of Assets
• Intangible Assets

Inventories
• Periodic Method
• Perpetual Method
• Valuation Methods

Liabilities
• Contingent Liabilities
• Current Liabilities
• Long Term Liabilities

Payroll
• Accruals
• Calculating
• Recording

Recording Transactions
• Chart of Accounts
• Debits and Credits
• Journal
• Ledger

Taxes
• Income Taxes
• Payroll Taxes
• Property Taxes
• Sales Taxes

Additional information

Appropriate For

Administration Time

Format

Scoring Options

Language

Use the Bookkeeping Fundamentals to assess candidates for knowledge of bookkeeping tasks and functions including Adjusting Entries, Business Math Conversions, Cash, Financial Statements, Fixed Assets Payable/Receivable,

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