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Accounting Terminology (US)

Accounting Terminology (US) test

Type: Role specific skills

Time: 10 min

Languages: English

Level: Intermediate

Summary of the Accounting Terminology (US) test

This hiring test evaluates candidates’ practical skills in understanding various accounting terms related to financial statements, books of accounts, and other aspects of financial transactions. This screening test focuses on terms used in the US.

Covered skills

Balance sheet
Income statements, statement of owner’s equity, and cash flow statement
Overall financial statements and books of accounts

Use the Accounting Terminology (US) test to hire

Accountants, bookkeepers, auditors, actuaries, clerks, comptrollers/controllers, analysts, and anyone that frequently works with financial information.

Preview questions

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About the Accounting Terminology (US) test

Every profession has its own terminologies and jargon that help convey a large volume of information and other relevant details through a very small statement or even a single word.

The accounting profession also has a large number of unique terminologies. These terminologies are used to describe financial information and related processes. Financial information can incorporate lots of different things: the right to receive an amount from another person; the obligation to pay an amount to another person; how much you have earned or lost or expended during a certain period; or the total worth of a business entity or a particular thing. Accountants use terms and phrases to quickly communicate the meaning of financial information, and this hiring test focuses on these terms.

Candidates who perform well on the test are likely to possess a good understanding of key accounting terminologies used in the United States. The hiring test will ensure that candidates will be a good addition to the accounting team at your company and that candidates will immediately start performing their job efficiently and effectively.

Explore the test science

Image of the subject-matter expert for this test

The test is made by a subject-matter expert

Abdul G.

Abdul is a chartered accountant and certified ISO 31000 risk manager with over 15 years of experience managing other accountants and staff in many businesses, large and small. Abdul also has an MBA with significant consulting experience across business sectors, including oil and gas, pharmaceuticals, food, and education.

He has worked as a university lecturer in accounting, finance, and tax-related subjects for more than five years and currently works on complex risk management policies as a senior risk management officer.

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FAQs

An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now."

Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.

An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now."

Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.

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