Accounting Terminology - Advanced Assessment

The subject being tested is accounting terminology for individuals that are quite familiar with accounting and have worked with client data for at least two years. It is not applicable to individuals who are not familiar with the process of producing a financial statement. The topics covered are financial statement terms, payroll terms, basic accounting terms, and general ledger terms. Tests for Accounting Terminology - Advanced and Bookkeeping - Professional are also available.  Total Questions 38 Question Types Multiple Choice Competencies Tested Define WordFill in the BlankAcronymChoose Correct DefinitionAcronyms and TaxesAccounting and BankingBusiness and Investment Tasks Tested Risk ManagementAbatementProfit and Loss StatementsFailure to PayLess than OwedDistribution of EarningsMature BondSelling Assets to Cover DebtInvestmentsHoldingBusiness Knowledge - ChartersGuardian ResponsibilityAuthorization to Act for Another PersonItemized