Financial Accounting Practice Exam

Financial Accounting

 

About Financial Accounting

Financial accounting is the process of documenting, compiling, and disclosing a company's financial activities. The income statement, balance sheet, cash flow statement, and statement of retained earnings are these statements.

Before expressing interest in working with the company, for instance, investors or sponsors must confirm an account statement.

Financial accounting has gained immense popularity across the globe resulting in huge demand for certified professionals.

 

Why is Financial Accounting important?

Businesses can monitor their activities through financial accounting, which also gives a quick overview of their financial situation. A corporation may provide investors and lenders greater clout in their decision-making by presenting data through a range of statements, such as the balance sheet and income statement.

Financial accounting certified professionals, executives and managers are in high demand in companies across the globe.

 

Who should take the Financial Accounting Exam?

• Accounting managers, senior executives, executives
• College Students and Recent Graduates
• Entrepreneurs
• Mid-Career Professionals

 

Knowledge and Skills required for the Financial Accounting

Critical thinking and communication skills helps candidate to gain quick success for career in financial accounting.

 

Financial Accounting Practice Exam Objectives

Financial Accounting exam focuses on assessing your skills and knowledge in concepts and application of financial accounting.

 

Financial Accounting Practice Exam Pre-requisite

There are no prerequisites for the Financial Accounting exam. Candidates who are well versed  in financial accounting can easily clear the exam.

Financial Accounting Certification Course Outline

 

1. The Accounting Equation
2. Recording Transactions
3. Financial Statements
4. Adjusting Journal Entries
5. The Statement of Cash Flows
6. Understand LIFO and FIFO.
7. Understand how to use the accounting system for Internal Control.
8. Understand the different methods of depreciation.
9. Analyzing Financial Statements
10. Accounting for the Future

 

Exam Format and Information

Certification name – Certificate in Financial Accounting
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199