Bookkeeping Test Preparation

Accountancy Bookkeeping assessment tests are used by many companies to measure candidates' skills. The knowledge and accuracy that bookkeepers need to possess are essential for this industry. Therefore, the test focuses on both aspects.

A bookkeeping test for incoming accountants consists of 40 multiple-choice questions aimed at assessing a candidate's general knowledge of basic accounting concepts and processes, as well as his or her skills in performing the bookkeeping function. The degree of difficulty varies from questions to question; some require analysis and mathematical computations, while others are simpler.

What Does an Accountancy Bookkeeping Assessment Test Cover?

A bookkeeping assessment test usually covers the following topics:

General Concepts – This covers account classification and relationships, transaction documentation and analysis, financial statement presentation, and linkages. This section assesses your familiarity with basic accounting concepts and processes required in performing the bookkeeping function.

Bookkeeping Entries – This covers transactions involving assets accounts, such as cash, accounts receivable, inventory, prepaid expenses, fixed assets, and intangibles, including adjusting entries done at the end of an accounting period. It also covers transactions involving liabilities, equity, revenue, and expense accounts, including period-end adjustments, such as depreciation entries, determination of bad debts, accrued expenses, and prepaid expense amortization. This portion of the test assesses your general knowledge of recording common business transactions.

Other Bookkeeping Functions – This includes questions related to bank reconciliation, inventory costing under FIFO and LIFO methods, entries for bond liabilities, bond discount and premium amortization, fixed asset acquisition, and foreign-currency exchange transactions. This section assesses your ability to handle other bookkeeping functions.

How to Prepare for an Accountancy Bookkeeping Assessment Test

Preparation is the key to your success. JobTestPrep's Bookkeeping PrepPack™ is relevant only to the USA companies and will prepare you for your upcoming accountancy bookkeeping test with practice tests and detailed score reports. You can take your time using our step-by-step guide, or take a timed test to simulate the actual exam. JobTestPrep's resources were created to ensure that you are fully prepared.

Try our free bookkeeping sample questions, or get the full PrepPack™ and start preparing today. 

Visit our main accounting page for more information. 

General Bookkeeping Interview Questions and Answers

Whether in person, over the phone, or through video segments, you can be sure that your bookkeeping interview will be extensive. So, in order to prepare, JobTestPrep has provided you with some typical bookkeeping interview questions.

• Which software are you familiar with?
• How do you avoid errors in your work?
• What have you done to reduce company costs?
• How do you prepare invoices?
• What is depreciation expense?

What Is the Role of a Bookkeeper?

Bookkeeping is part of the accounting domain because the job requires a great deal of mathematical accuracy and accounting work. Bookkeepers work directly with accountants to provide timely and accurate information.

Bookkeepers are in charge of receiving and recording all of the cash, checks, and voucher transactions that take place in a company. To do so, they use software, spreadsheets, and online databases. In addition, they are in charge of inputting debit and credit card information into the appropriate accounts. It's important to note that some bookkeepers are required to produce financial reports, balance sheets, income statements, and totals for multiple accounts. However, this is based on employers' needs.

The educational requirement for bookkeepers may be a high school diploma or its equivalent, as the position requires a solid mathematical skill set, technological capabilities, attention to detail, and great interpersonal skills.

The opportunity for advancement is possible with a great work ethic and some advanced training. It is possible that with the right amount of experience and education a bookkeeper could become an accounts payable clerk, an accounts receivable clerk, or an audit. Another advancement might be a certified bookkeeper—this process usually involves at least two years of bookkeeping experience and passing a formal exam.