Advanced Accounting (IFRS)
Summary of the Advanced Accounting (IFRS) test
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.
Covered 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
Use the Advanced Accounting (IFRS) test to hire
Accountants, bookkeepers, and other roles requiring strong accounting expertise.
About the Advanced Accounting (IFRS) test
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 Advanced 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.
The test is made by a subject-matter expert
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.
Tanuja C.
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.
Reliability: Cronbach’s alpha coefficient = .63
Face validity: Candidates rated this test as accurately measuring their skills (average score of 3.67 out of 5.00).
Criterion-related validity: Candidates with higher scores on this test received higher average ratings from the hiring team during the selection process (r = .36, N = 143).
For an in-depth look at interpreting test results, please take a look at our Science series articles: How to interpret test fact sheets (part 1): Reliability, and How to interpret test fact sheets (part 2): Validity.
For an explanation of the various terms, please refer to our Science glossary.
Reliability and validity | Sufficient data available | Analyses and checks conducted | Outcome |
|---|---|---|---|
Reliability | ✔ | ✔ | Acceptable |
Content validity | ✔ | ✔ | Acceptable |
Face validity | ✔ | ✔ | Acceptable |
Construct validity | ✔ | ✔ | Acceptable |
Criterion-related validity | ✔ | ✔ | Acceptable |
Group differences | |||
Age differences | Pending | Pending | Pending |
Gender differences | ✔ | ✔ | Acceptable |
Ethnicity differences | Pending | Pending | Pending |
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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.