This Accounting Terminology (US) 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.

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.