The advanced accounting (IFRS) test evaluates candidates’ accounting knowledge, including posting and calculating accounting figures and managing financial records according to IFRS. It helps identify candidates with strong accounting/bookkeeping skills.
Defining basic terminologies and accounting concepts
Posting figures in the correct accounts and on the correct side (Dr/Cr)
Calculating accounting figures
Managing accounting figures and financial records
Accountants, bookkeepers, and other roles requiring strong accounting expertise.
Good accounting practices enable your company’s management to make better decisions based on accurate financial statements and projections. It also affords your organization peace of mind knowing that all your bills, payments, and tax filings are taken care of and in good order.
This accounting test assesses candidates’ ability to define basic terminologies and accounting concepts, post figures in the correct accounts and on the correct side (Debit/Credit), calculate accounting figures, and manage accounting figures and financial records. It helps you identify candidates with strong skills who can take over or set up your company’s accounting practices.
Candidates who perform well on this test can competently complete core accounting tasks such as double-entry bookkeeping, booking of inventory, depreciation, accruals, and prepayments. They can also manage accounts payable and accounts receivable, perform analysis of records, and prepare financial statements.
This test follows the International Financial Reporting Standards (IFRS), as all concepts, terminology, and test questions align with IFRS.
Financial planning, tax advisory, bookkeeping--these are only a few of Tanuja's professional expertise. A chartered accountant since 2015, Tanuja has worked with companies on a global scale, including Ernst & Young, one of the “Big Four” firms in accounting.
Tanuja loves going beyond day-to-day operations to apply her financial finesse through mentorship and by developing finance-related case studies for undergraduate, graduate, and MBA finance courses.
TestGorilla’s tests are created by subject matter experts. We assess potential subject-matter experts based on their knowledge, ability, and reputation. Before being published, each test is peer-reviewed by another expert, then calibrated using hundreds of test takers with relevant experience in the subject. Our feedback mechanisms and unique algorithms allow our subject-matter experts to constantly improve their tests.
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The Advanced Accounting (IFRS) 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.