This hiring test evaluates candidates’ practical skills in understanding various accounting terms related to financial statements, books of accounts, and other aspects of financial transactions. This screening test focuses on terms used in the US.
Income statements, statement of owner’s equity, and cash flow statement
Overall financial statements and books of accounts
Accountants, bookkeepers, auditors, actuaries, clerks, comptrollers/controllers, analysts, and anyone that frequently works with financial information.
Every profession has its own terminologies and jargon that help convey a large volume of information and other relevant details through a very small statement or even a single word.
The accounting profession also has a large number of unique terminologies. These terminologies are used to describe financial information and related processes. Financial information can incorporate lots of different things: the right to receive an amount from another person; the obligation to pay an amount to another person; how much you have earned or lost or expended during a certain period; or the total worth of a business entity or a particular thing. Accountants use terms and phrases to quickly communicate the meaning of financial information, and this hiring test focuses on these terms.
Candidates who perform well on the test are likely to possess a good understanding of key accounting terminologies used in the United States. The hiring test will ensure that candidates will be a good addition to the accounting team at your company and that candidates will immediately start performing their job efficiently and effectively.
Abdul is a chartered accountant and certified ISO 31000 risk manager with over 15 years of experience managing other accountants and staff in many businesses, large and small. Abdul also has an MBA with significant consulting experience across business sectors, including oil and gas, pharmaceuticals, food, and education. He has worked as a university lecturer in accounting, finance, and tax-related subjects for more than five years and currently works on complex risk management policies as a senior risk management officer.
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The Accounting terminology (US) test will be included in a PDF report along with the other tests from your assessment. You can easily download and share this report with colleagues and candidates.