The General Accounting assessment is designed to thoroughly test a candidate's level of knowledge of Accounting principles, concepts, and terminology. This test is aimed at Basic office accounting personnel, clerks with 1 to 2 years experience, new accounting graduates, and financial accounting personnel. Its coverage ranges from basic accounting principles such as debits, credits, adjusting entries to more advanced accounting, such as financial statements, investing, and operating activities. Assessments for Payroll, Accounts Payable, and Accounts Receivable are also available. Total Questions 52 Question Types Multiple Choice Competencies Tested Basic ConceptsInventoriesIncome StatementAccounting SystemsFixed Assets & DepreciationBalance SheetAccounting CycleStatement of Cash Flows Tasks Tested Financial StatementCurrent LiabilitiesPetty CashOperating CostsGenerally Accepted Accounting Principles (GAAP)Asset CategoryIntangible AssetJournal EntriesSole ProprietorshipProperties BasicsDeferralLong-Term LiabilityFinancial ValueCredit BalancesAccounting StandardsBank ReconciliationCash PaymentsSales DiscountsMerchandiseRetirementFinancial ReportingAuditor's Report401KAttestationInvoice TermsInventory Costing MethodsInventory SystemsLiabilities vs. AssetsOwner's EquityAccounting EquationTurn Asset into CashFinancial RatioReorganizationFiscal YearAdjusting EntriesBudgetsInvesting ActivitiesAccelerated Depreciation MethodsSecuritiesOperating ActivitiesDepreciationsEconomic RestrictionsBonds
