The Advanced Accounting test is designed to screen applicants of approximately three to five years experience in accounting. It covers the areas of Accounts Payable, Accounts Receivable, Payroll, General Ledger, Financial Analysis, Cost Accounting, and Auditing. Without focusing on a specific software package, the test attempts to focus upon skills used by an accountant in the work environment, and less on the general ledger equivalent of each entry that one would find in an academic test. Assessments for General Accounting and General Ledger are also available. Total Questions 46 Question Types Multiple Choice Competencies Tested Accounts PayableAccounts ReceivablePayrollAuditingCost AccountingFinancial AnalysisGeneral Ledger Tasks Tested Year End BalancesNotes PayableCalculating Current LiabilitiesCalculating Accrued ExpensesCalculate Accrued InterestRecognizing Long-Term LiabilitiesPercentage of Sales MethodCalculating Allowance for Bad DebtPercentage of Receivables MethodDirect Write Off MethodSettlement with NotePension ExpenseRecord AccrualCalculating Net PayCalculating Gross Earnings for Partial PeriodsPayroll TaxesAuditor's ReportRecognizing FraudAuditor's OpinionRecognizing Audit ObjectivesManagement AssertionsLoan AnalysisAudit EvidenceRecognizing MisstatementsReliabilityRecognizing CostsInventory TypesCosting SystemsDefinitions of CostsBreakeven PointWorking CapitalRecording IncomeMethods of ValuationAnalysis of Financial StatementsCurrent RatioEffectiveness of RatiosQuick RatioDouble Declining BalanceFIFO Inventory MethodDepreciation MethodsLIFO Inventory MethodBank ReconciliationSum-of-the-Years-Digits DepreciationInventory MethodsStraight Line DepreciationStatement of Cash Flows
