The Financial Accounting (U.S.) test measures the candidate’s knowledge of American financial accounting rules and procedures. Designed for the experienced accounting professional, this test covers the following topics: A/R and A/P, Budgeting, Cost Accounting, GAAP, Journal Entries, Tax and Payroll, and Types.
Handling Money: This component measures the ability to quickly and accurately perform basic monetary computations to complete customer transactions. This component is characterized by being able to quickly identify and sum the value of various denominations of US bills and coins.
Job Family/Title: Accounting Professionals
Job Level: Entry-level
Average Testing Time (minutes): 34
Time Allowed (minutes): 90
Number of Sittings: One
Designed for Unproctored Environment: Yes
Maximum Number of Questions: 198
Question Format: Multiple Choice – Adaptive – Computer Adaptive Testing (CAT) technology dynamically adjusts the test to the level of the test taker resulting in shorter test times, increased accuracy and enhanced security.
Measures the following areas of the American financial accounting system:
• A/R and A/P
• Cost Accounting
• Journal Entries
• Tax and Payroll