Accounting Terminology - Advanced Assessment

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The subject being tested is accounting terminology for individuals that are quite familiar with accounting and have worked with client data for at least two years. It is not applicable to individuals who are not familiar with the process of producing a financial statement. The topics covered are financial statement terms, payroll terms, basic accounting terms, and general ledger terms.

Assessments for Accounting Terminology - Advanced and Bookkeeping - Professional are also available.

Number of questions 38
Test format Multiple-Choice
Time to complete Varies by skill
Topics covered Accounting and Banking
Acronyms and Taxes
Business and Investment
Tasks tested Abatement
Accounting Categories
Accounting Tools
Alternative Minimum Tax
Amortization
Authorization to Act for Another Person
Balance Sheet
Bankruptcy
Business Knowledge - Charters
Collateral
Cost Structure
Debt Instrument
Depreciation
Distribution of Earnings
Failure to Pay
GAAP
Guardian Responsibility
Holding
Income Before Taxes
Income from Capital Investment
Investments
Itemized Forecast of Income
Less than Owed
Liability
Mature Bond
Opposite of Debit
Price of Product
Profit and Loss Statements
Real Estate Default
Real Estate Knowledge
Reasonable Risks
Risk Management
SEC
Selling Assets to Cover Debt
Supplier Bills
Surcharges
Vocabulary - Assets
YTD
Supported languages ๐Ÿ‡บ๐Ÿ‡ธ English (en_US)