The Advanced Accounting (GAAP) test evaluates candidates’ accounting knowledge, including posting and calculating accounting figures and managing financial records according to GAAP. It helps identify candidates with strong accounting/bookkeeping skills.

Good accounting practices enable your company’s management to make better decisions based on accurate financial statements and projections. It also affords your organisation peace of mind knowing that all your bills, payments, and tax filings are taken care of and in good order.

This Advanced Accounting (GAAP) test assesses candidates’ ability to

- Define basic terminologies and accounting concepts

- Post figures in the correct accounts and on the correct side (Debit/Credit

- Calculate accounting figures

- Manage accounting figures and financial records

This test helps you identify candidates with strong skills who can take over or set up your company’s accounting practices.

Candidates who perform well on this test can competently complete core accounting tasks such as double-entry bookkeeping, booking of inventory, depreciation, accruals, and prepayments. They can also manage accounts payable and accounts receivable, perform analysis of records, and prepare financial statements.

This test follows the generally accepted accounting principles (GAAP), as all concepts, terminology, and test questions align with GAAP.