Bookkeeping Fundamentals

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Appropriate For New Applicants
Existing Employees
Comprehensiveness Intermediate
Administration Time - 30 min
Format mouse icon
Scoring Options Internet icon
Language English
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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

• 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

• Periodic Method
• Perpetual Method
• Valuation Methods

• Contingent Liabilities
• Current Liabilities
• Long Term Liabilities

• Accruals
• Calculating
• Recording

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

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

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