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Financial accounting test (US GAAP): Pre-employment screening assessment to hire the best candidates

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Financial accounting (US GAAP) test

Type: Role specific skills

Time: 10 min

Languages: English, Dutch, French, German, Spanish

Level: Intermediate

Summary of the Financial accounting (US GAAP) test

This financial accounting (US GAAP) test evaluates candidates’ ability to record, classify, and summarize accounting transactions according to US GAAP. This screening test will help you to hire experts with practical financial accounting skills.

Covered skills

Recording and documentation
Classification and summarizing
Reporting and presentation
Interpretation and financial analysis

Use the Financial accounting (US GAAP) test to hire

Bookkeepers, accounts assistants, financial accountants, financial managers, and other roles requiring a good grasp of financial accounting.

Preview questions

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About the Financial accounting (US GAAP) test

Financial accounting plays an important role in helping businesses track income and expenditures, ensure statutory compliance, and provide investors, management, and government with the financial information they need to make good business decisions.

This financial accounting (US GAAP) test evaluates a candidate’s ability across various financial accounting topics ranging from balance sheets and income statements, to cash flow and owners’ equity. The test assesses candidates’ skills in recording and documentation, classification and summarizing, reporting and presentation, interpretation, and financial analysis.

All questions are skewed to practical application, assessing the candidate’s ability to prepare books that reflect a true and fair financial position of the reporting entity and handle complex accounting transactions in US Generally Accepted Accounting Principles (US GAAP).

Candidates who perform well on this test will have a strong grasp of US GAAP, and the technical skills needed to perform bookkeeping duties, handle basic and complex accounting processes, prepare financial statements, and interpret financial results.

The test is made by a subject-matter expert

Mary-Ann de W

A Chartered Accountant with a Masters of Commerce Degree, Mary-Ann has been involved in all aspects of business, finance, accounting, taxation (both compliance and international), as well as financial systems, procedures, and designing and implementing internal controls over 20 years.

She has extensive experience in preparing budgets, forecasts, and business plans. Her interests include business and economic news, monitoring stock markets, and reading both technical material and fiction novels.

Crafted with expert knowledge

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 Financial accounting (US GAAP) 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.

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FAQs

An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now."

Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.

An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now."

Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.

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