This Financial Accounting (IFRS) test evaluates candidates’ ability to record, classify, and summarise accounting transactions according to IFRS. This screening test will help you to hire experts with practical financial accounting skills.

Financial accounting plays an important role in helping businesses track income and expenditures, ensure statutory compliance, and provide investors, management, and government with the financial information they need to make good business decisions.

This Financial Accounting (IFRS) test evaluates a candidate’s ability across various financial accounting topics ranging from balance sheets and income statements to cash flow and owners’ equity.

The test assesses candidates’ skills in:

- Recording and documentation

- Classification and summarising

- Reporting and presentation

- Interpretation

- Financial analysis

All questions are skewed to practical application, assessing the candidate’s ability to prepare books that reflect a true and fair financial position of the reporting entity and handle complex accounting transactions in both full International Financial Reporting Standards (full IFRS) and International Financial Reporting Standards for small and medium entities (IFRS for SMEs).

Candidates who perform well on this test will have a strong grasp of IFRS, and the technical skills needed to perform bookkeeping duties, handle basic and complex accounting processes, prepare financial statements, and interpret financial results.