Search test library by skills or roles
⌘ K

About the test:

The accounting assessment test uses scenario based questions to evaluate a candidate's understanding of core accounting principles, financial ratios, accounts receivable and payable, adjusting entries, balance sheet reconciliation and financial statement analysis. Accounting test can be used as a pre-employment test to assess on-the-job accounting skills of candidates before an interview.

Covered skills:

  • Basic accounting concepts (Income; Cashflow; Balance sheets)
  • Managing account receivables and payables
  • Problem-solving and general aptitude
  • Interpreting and creating financial statements
  • Bookkeeping fundamentals
  • Expertise with Excel

9 reasons why
9 reasons why

Adaface Accounting Test is the most accurate way to shortlist Accountants



Reason #1

Tests for on-the-job skills

The Accounting Assessment Test helps recruiters and hiring managers identify qualified candidates from a pool of resumes, and helps in taking objective hiring decisions. It reduces the administrative overhead of interviewing too many candidates and saves time by filtering out unqualified candidates at the first step of the hiring process.

The test screens for the following skills that hiring managers look for in candidates:

  • Ability to apply basic accounting concepts such as income, cashflow, and balance sheets
  • Ability to interpret and create financial statements
  • Ability to manage account receivables and payables
  • Knowledge of bookkeeping fundamentals
  • Problem-solving skills and general aptitude
  • Expertise with Excel and performing various calculations and data analysis
Reason #2

No trick questions

no trick questions

Traditional assessment tools use trick questions and puzzles for the screening, which creates a lot of frustration among candidates about having to go through irrelevant screening assessments.

View sample questions

The main reason we started Adaface is that traditional pre-employment assessment platforms are not a fair way for companies to evaluate candidates. At Adaface, our mission is to help companies find great candidates by assessing on-the-job skills required for a role.

Why we started Adaface
Reason #3

Non-googleable questions

We have a very high focus on the quality of questions that test for on-the-job skills. Every question is non-googleable and we have a very high bar for the level of subject matter experts we onboard to create these questions. We have crawlers to check if any of the questions are leaked online. If/ when a question gets leaked, we get an alert. We change the question for you & let you know.

How we design questions

These are just a small sample from our library of 10,000+ questions. The actual questions on this Accounting Assessment Test will be non-googleable.

🧐 Question

Medium

Comprehensive income
Income statement
Solve
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
 image

Medium

Land Sale
Balance Sheet
Asset Classification
Acquisition Accounting
Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022:
 image
SinkedIn Ltd acquires a smaller company for $100,000 cash. The acquisition adds $60,000 in goodwill and increases the long-term investments by $40,000. 

Here’s the new balance sheet created after these changes:
 image
Which of the following rows are erroneous rows in the balance sheet after the acquisition?

Medium

Sell off long-term investment
Balance Sheet
Dividend distributions
Equity transactions
Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars)
 image
 image
Suppose that Company Sinclair has a tax rate of 30%. What will be the company's new equity balance if the company sells all its long-term investments at their book value, pays off all its short-term debt, and distributes the remaining cash as a dividend to shareholders?

Medium

MATCH INDEX LOOKUP
Solve
Some friends live in adjacent apartments in a building in Central Perk, New York. We want to write a function to search the apartment number by name. Which of the following functions should we use?
 image

Medium

Organization data
Data transformation
Solve
We have two Excel files with organization data. One file has Organization ID and Organization Name fields, whereas the second file has Organization ID, Organization Name and Country fields. We wrote a query to retrieve the data from both files. Here’s a sample of the data retrieved:
 image
We want to ensure Organization ID field is unique. Which of the following is the ideal solution that ensures Organization ID field is unique while retaining Country data?

A: Select the Organization ID and Country columns, and then click Keep Duplicates.
B: Select the Organization ID and Country columns, and then click Remove Duplicates.
C: Use Group BY function to group the rows by Organization ID. Specify output columns for Organization Name and Country using MAX operation.
D: Select Organization ID column and then click Remove Duplicates. Then specify output columns for Country using MAX operation.

Medium

Student scores
Data formatting
Solve
Here’s a sample Excel data source:
 image
Here’s the expected data format: 
 image
Which of the following is the correct way to transform the data from the query editor to achieve the result?

A: Columns to Select: Student Only
B: Columns to Select: Student and Student ID
C: Columns to Select: Primary and Secondary
D: Command to Use: Pivot Column
E: Command to Use: Reverse Rows
F: Command to Use: Unpivot Columns

Medium

VLOOKUP blood donor
Solve
We are looking to find the contact number of the only blood donor with blood group O-. Which function should we use to look up the correct contact number? Here's the documentation for VLOOKUP: =VLOOKUP(lookup value, range containing the lookup value, the column number in the range containing the return value, Approximate match (TRUE) or Exact match (FALSE)).
 image
A: =VLOOKUP("O-", A1:E10, 3, TRUE)
B: =VLOOKUP("O-", A1:E10, 3, FALSE)
C: =VLOOKUP("O-", D1:D10, 4)
D: =VLOOKUP("O-", D1:D10, 3)
E: =VLOOKUP("O-", A1:E10, 4, TRUE)
F: =VLOOKUP("O-", A1:E10, 4, FALSE)
G: =VLOOKUP("Kane", A1:E10, 4)
🧐 Question🔧 Skill

Medium

Comprehensive income
Income statement

2 mins

Accounting
Solve

Medium

Land Sale
Balance Sheet
Asset Classification
Acquisition Accounting

3 mins

Accounting
Solve

Medium

Sell off long-term investment
Balance Sheet
Dividend distributions
Equity transactions

3 mins

Accounting
Solve

Medium

MATCH INDEX LOOKUP

2 mins

Excel
Solve

Medium

Organization data
Data transformation

3 mins

Excel
Solve

Medium

Student scores
Data formatting

2 mins

Excel
Solve

Medium

VLOOKUP blood donor

2 mins

Excel
Solve
🧐 Question🔧 Skill💪 Difficulty⌛ Time
Comprehensive income
Income statement
Accounting
Medium2 mins
Solve
Land Sale
Balance Sheet
Asset Classification
Acquisition Accounting
Accounting
Medium3 mins
Solve
Sell off long-term investment
Balance Sheet
Dividend distributions
Equity transactions
Accounting
Medium3 mins
Solve
MATCH INDEX LOOKUP
Excel
Medium2 mins
Solve
Organization data
Data transformation
Excel
Medium3 mins
Solve
Student scores
Data formatting
Excel
Medium2 mins
Solve
VLOOKUP blood donor
Excel
Medium2 mins
Solve
Reason #4

1200+ customers in 75 countries

customers in 75 countries
Brandon

With Adaface, we were able to optimise our initial screening process by upwards of 75%, freeing up precious time for both hiring managers and our talent acquisition team alike!


Brandon Lee, Head of People, Love, Bonito

Reason #5

Designed for elimination, not selection

The most important thing while implementing the pre-employment Accounting Assessment Test in your hiring process is that it is an elimination tool, not a selection tool. In other words: you want to use the test to eliminate the candidates who do poorly on the test, not to select the candidates who come out at the top. While they are super valuable, pre-employment tests do not paint the entire picture of a candidate’s abilities, knowledge, and motivations. Multiple easy questions are more predictive of a candidate's ability than fewer hard questions. Harder questions are often "trick" based questions, which do not provide any meaningful signal about the candidate's skillset.

Science behind Adaface tests
Reason #6

1 click candidate invites

Email invites: You can send candidates an email invite to the Accounting Assessment Test from your dashboard by entering their email address.

Public link: You can create a public link for each test that you can share with candidates.

API or integrations: You can invite candidates directly from your ATS by using our pre-built integrations with popular ATS systems or building a custom integration with your in-house ATS.

invite candidates
Reason #7

Detailed scorecards & benchmarks

View sample scorecard
Reason #8

High completion rate

Adaface tests are conversational, low-stress, and take just 25-40 mins to complete.

This is why Adaface has the highest test-completion rate (86%), which is more than 2x better than traditional assessments.

test completion rate
Reason #9

Advanced Proctoring


Learn more

About the Accounting Online Test

Why you should use Pre-employment Accounting Assessment Test?

The Accounting Assessment Test makes use of scenario-based questions to test for on-the-job skills as opposed to theoretical knowledge, ensuring that candidates who do well on this screening test have the relavant skills. The questions are designed to covered following on-the-job aspects:

  • Applying basic accounting concepts like income, cash flow, and balance sheets
  • Interpreting and creating financial statements
  • Managing account receivables and payables
  • Demonstrating expert knowledge of bookkeeping fundamentals
  • Solving problems and showcasing general aptitude
  • Utilizing expertise with Excel for data analysis and manipulation
  • Analyzing and managing profitability
  • Performing cost accounting
  • Implementing internal controls for financial reporting
  • Conducting financial forecasting and budgeting

Once the test is sent to a candidate, the candidate receives a link in email to take the test. For each candidate, you will receive a detailed report with skills breakdown and benchmarks to shortlist the top candidates from your pool.

What topics are covered in the Accounting Assessment Test?

  • Basic accounting concepts

    Basic accounting concepts refer to the fundamental principles and guidelines that guide the recording, analysis, and interpretation of financial information. It is crucial to measure this skill in the test to ensure candidates have a solid foundation in accounting principles and can accurately and effectively perform accounting tasks.

  • Interpreting and creating financial statements

    Interpreting and creating financial statements involves the ability to analyze and understand the information presented in financial documents, such as income statements, cash flow statements, and balance sheets. This skill is valuable because it demonstrates a candidate's ability to assess the financial health of an organization and make informed decisions based on the data provided.

  • Managing accounts receivables and payables

    Managing accounts receivables and payables involves tracking and controlling the flow of money into and out of an organization. This skill is important to measure as it showcases a candidate's ability to maintain accurate records, handle customer payments and invoices, and effectively manage cash flow.

  • Bookkeeping fundamentals

    Bookkeeping fundamentals encompass the essential principles and practices of recording financial transactions, organizing financial documents, and maintaining accurate records. Measuring this skill in the test helps assess a candidate's proficiency in bookkeeping tasks, such as journal entries, double-entry bookkeeping, and reconciling accounts.

  • Problem-solving and general aptitude

    Problem-solving and general aptitude are essential skills in accounting as they demonstrate a candidate's ability to analyze complex financial situations, identify issues, and propose effective solutions. This skill is valuable for ensuring candidates can handle challenges that may arise in day-to-day accounting tasks.

  • Expertise with Excel

    Expertise with Excel refers to a candidate's proficiency in utilizing Excel for financial analysis, data management, and reporting. Measuring this skill in the test is important as Excel is a widely used tool in accounting that allows for efficient data manipulation, calculation, and presentation.

  • Full list of covered topics

    The actual topics of the questions in the final test will depend on your job description and requirements. However, here's a list of topics you can expect the questions for Accounting Assessment Test to be based on.

    Income statement
    Statement of cash flows
    Balance sheet
    Financial statement analysis
    Accounts receivable
    Accounts payable
    Bad debt
    Inventory valuation
    Depreciation and amortization
    Trial balance
    General ledger
    Accrual accounting
    Double-entry bookkeeping
    Bank reconciliation
    Chart of accounts
    Debits and credits
    Ledger accounts
    Closing entries
    Operating profit
    Gross profit
    Net profit
    Return on investment
    Earnings per share
    Cash flow statement
    Cash flow analysis
    Working capital
    Current ratio
    Quick ratio
    Days sales outstanding
    Days payable outstanding
    Fixed assets
    Intangible assets
    Financial ratios
    Profit margin
    Liquidity ratio
    Accounts receivable turnover
    Accounts payable turnover
    Payroll processing
    Invoice processing
    General accounting principles
    Expense tracking
    Financial forecasting
    Cost analysis
    Data entry
    Financial data analysis
    VLOOKUP function
    Pivot tables
    Formatting cells
    Creating charts
    Sumif function
    Filtering and sorting data
    Conditional formatting
    Data validation

What roles can I use the Accounting Assessment Test for?

  • Accountant
  • Financial Analyst
  • Auditor
  • Bookkeeper
  • Tax Consultant
  • Controller
  • Finance Manager
  • Budget Analyst
  • Forensic Accountant
  • Cost Accountant

How is the Accounting Assessment Test customized for senior candidates?

For intermediate/ experienced candidates, we customize the assessment questions to include advanced topics and increase the difficulty level of the questions. This might include adding questions on topics like

  • Preparing tax returns and ensuring compliance
  • Assessing and mitigating financial risks
  • Auditing financial statements
  • Managing inventory and controlling costs
  • Overseeing payroll processes
  • Analyzing and interpreting variances
  • Conducting financial analysis and reporting
  • Optimizing cash management and cash flows
  • Designing and implementing accounting systems
  • Providing strategic financial planning and advice
Singapore government logo

The hiring managers felt that through the technical questions that they asked during the panel interviews, they were able to tell which candidates had better scores, and differentiated with those who did not score as well. They are highly satisfied with the quality of candidates shortlisted with the Adaface screening.


85%
reduction in screening time

Accounting Hiring Test FAQs

What type of questions will the Accounting Skills Assessment Test include?

There will be scenario-based MCQ questions to evaluate Accounting and Excel concepts. Standard Accounting Online Test has 10 Accounting MCQs and 5 Excel MCQs. The number of questions, difficulty level of questions and topics are customized based on the job description and candidate persona you are looking for. The questions are designed to enable recruiters and hiring managers to identify which candidates should be invited to interviews quickly. The questions are designed to test for on-the-job Accounting skills as opposed to just theoretical concepts.

Can I combine the Accounting Test with an Aptitude Test?

Yes, you can request a custom test which has questions on both aptitude & accounting. A 30 min Aptitude + Accounting test can help you screen candidates quickly & identify top candidates who have the skills to do well on the job.

Can I combine multiple skills into one custom assessment?

Yes, absolutely. Custom assessments are set up based on your job description, and will include questions on all must-have skills you specify. Here's a quick guide on how you can request a custom test.

Do you have any anti-cheating or proctoring features in place?

We have the following anti-cheating features in place:

  • Non-googleable questions
  • IP proctoring
  • Screen proctoring
  • Web proctoring
  • Webcam proctoring
  • Plagiarism detection
  • Secure browser
  • Copy paste protection

Read more about the proctoring features.

How do I interpret test scores?

The primary thing to keep in mind is that an assessment is an elimination tool, not a selection tool. A skills assessment is optimized to help you eliminate candidates who are not technically qualified for the role, it is not optimized to help you find the best candidate for the role. So the ideal way to use an assessment is to decide a threshold score (typically 55%, we help you benchmark) and invite all candidates who score above the threshold for the next rounds of interview.

What experience level can I use this test for?

Each Adaface assessment is customized to your job description/ ideal candidate persona (our subject matter experts will pick the right questions for your assessment from our library of 10000+ questions). This assessment can be customized for any experience level.

Does every candidate get the same questions?

Yes, it makes it much easier for you to compare candidates. Options for MCQ questions and the order of questions are randomized. We have anti-cheating/ proctoring features in place. In our enterprise plan, we also have the option to create multiple versions of the same assessment with questions of similar difficulty levels.

I'm a candidate. Can I try a practice test?

No. Unfortunately, we do not support practice tests at the moment. However, you can use our sample questions for practice.

What is the cost of using this test?

You can check out our pricing plans.

Can I get a free trial?

Yes, you can sign up for free and preview this test.

I just moved to a paid plan. How can I request a custom assessment?

Here is a quick guide on how to request a custom assessment on Adaface.

customers across world
Join 1200+ companies in 75+ countries.
Try the most candidate friendly skills assessment tool today.
g2 badges
Ready to use the Adaface Accounting Assessment Test?
Ready to use the Adaface Accounting Assessment Test?
logo
40 min tests.
No trick questions.
Accurate shortlisting.
Terms Privacy Trust Guide
ada
Ada
● Online
Previous
Score: NA
Next
✖️