Financial Accounting Test

Everything you need to know

In today's highly competitive market it can be hard to stand out from the crowd. However, financial accounting can help keep your business ahead of the competition - when it's done right.Whether you're reporting company cash flows, preparing income statements or calculating stockholder equity through a balance sheet, it's imperative to conduct accurate accounting at all times. Our financial accounting skills test can help you do just that and much more.

What is the Financial Accounting Skills Test?

This test has been expertly designed to assess an individual’s knowledge of financial accounting and the relevant skills required of this role. Candidates are presented with 25 questions to complete in 15 minutes. The questions come in a variety of styles including multiple-choice, freehand response, true or false and ranking, and are displayed in a randomised presentation.

Example questions include the candidate being asked to select the correct numerical value of VAT on a financial statement and select the appropriate answer from a list of statements in order to complete a sentence relating to accounting or financial information. 

Candidate responses are automatically marked and a point is awarded for each correctly answered question. Skipped questions or those that are not answered will result in no point being awarded. Practice tests are also available.

Who is the Financial Accounting Skills Test Aimed at?

Our financial accounting exam can be used to successfully recruit for accounting or financial roles such as a staff accountant, financial accountant, accounts manager, financial analyst or financial manager by accurately assessing your candidates' financial skills and knowledge of accounting responsibilities.

Moreover, our financial accounting exam can also be used as a fantastic training and development resource. It makes for a highly useful tool for employers and managers looking to enhance their company's existing financial and accounting departments. 

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Skills Measured


Accuracy

Whether it's calculating tax and VAT, conducting a company audit or carrying out financial reporting, accuracy is absolutely essential when it comes to financial accounting. A number of the questions within our accounting quiz directly measure your candidates' capability to calculate financial information, and these only reward a point for the correct financial figure. Therefore, you can be sure that the individual you recruit using our accounting test will be a valuable asset to your company's accounting and finance team. 

Capability

Our questions also assess your candidates' ability to meet key UK accounting standards as set out by the Financial Reporting Council (FRC) when it comes to financial reporting and developing financial statements. It is absolutely essential that every accountant meets these accounting standards. 

Knowledge

Balance sheets? Income statements? Accounts management? Assets? Cash flows? This financial terminology would mean very little to someone without a decent level of financial accounting knowledge, but with our in-depth accounting and finance test, you can be sure to recruit knowledgeable, reliable financial accountants. 

 Financial Accounting Test

Course Features

  • Practice test available
  • Randomised presentation
  • 15 minutes available
  • 12 minutes average completion time
  • 25 questions presented
  • 25 questions in pool

Why use a Financial Accounting Skills Test?

Smarter Hiring Decisions

By using our financial accounting skills test as part of your recruitment process, you can be sure to identify and hire knowledgeable, experienced and capable financial accountants who will be an asset to your company. Say goodbye to wasting valuable time, money and resources on unsuccessful hires; with our accounting skills test you can hire your next best accountant in no time. 

Accounting Accuracy

Like any role within a company, accurate accounting is paramount to ensuring success, growth and an admirable reputation. Use our accounting test to ensure that your financial department is always on top form. 

Add Value

A financial accountant can add immeasurable value to a company, particularly when it comes to attracting investors, clients and third-party creditors. Accountants can utilise financial statements to drive clients to invest in the company (by highlighting its attractive financial performance), as well as help a company to monitor its financial transactions, revenue, cash flows and profits. In short, using our financial accounting skills test to hire the best financial accountant is a worthwhile investment for the growth and success of your company. 

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