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Accountancy Assessments

    • 18 tests |
    • 206 questions

This article covers the typical aptitude tests used by accounting firms, which often focus on numeracy. Competition is fierce, so getting the relevant practice to improve your performance will aid your chances of getting hired.

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Sample Accountancy Tests question Test your knowledge!

Considering the provided data, select the statement that correctly analyzes the trend.

Over the past six months, sales reports show that the product X has a declining sales trend in every subsequent month, with a total reduction of 15% in sales volume by the end of the period. In contrast, product Y has seen a consistent increase, totaling a 20% rise in the same timeframe.

  • Product X has outperformed Product Y over the past six months.
  • Both products have shown consistent performance trends.
  • Product X shows a negative trend while Product Y shows a positive trend.
  • Product Y has shown a decrease in sales similar to Product X.

A client has made an initial investment of $10,000 in a savings account with an annual interest rate of 5%, compounded annually. How much will the client have in their account at the end of 3 years?

  • $11,576.25
  • $11,500.00
  • $10,500.00
  • $11,525.00

A company's financial report states that their revenue has increased by 12% in the last quarter while their expenses increased by 15%. If the net profit in the previous quarter was $150,000, what is the net profit or loss in the latest quarter, assuming no other changes?

  • $142,500 profit
  • $157,500 profit
  • $132,000 profit
  • $168,000 loss

After reading the summary of a proposed budget plan, it is clear that the author intends to:

Over the past six months, sales reports show that the product X has a declining sales trend in every subsequent month, with a total reduction of 15% in sales volume by the end of the period. In contrast, product Y has seen a consistent increase, totaling a 20% rise in the same timeframe.

  • Reduce the operational costs to fund new initiatives.
  • Focus entirely on debt financing to support expansions.
  • Invest more heavily in marketing existing products.
  • Use a combination of debt and reallocating budget for growth.

In what way does the budget plan demonstrate a strategic shift for the company?

Over the past six months, sales reports show that the product X has a declining sales trend in every subsequent month, with a total reduction of 15% in sales volume by the end of the period. In contrast, product Y has seen a consistent increase, totaling a 20% rise in the same timeframe.

  • The company is taking a more conservative approach.
  • There is a focus on downsizing to save costs.
  • The company is transitioning to a growth-focused approach.
  • The company plans to disinvest from its core operations.

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Accountancy Tests Tips

1Understand the Basics

Brush up on fundamental accounting principles. Even if you’re proficient, revisiting the basics shores up your foundation ensuring you’re prepped and primed for any curveballs.

2Hone Your Math Skills

Accountancy tests will challenge your math abilities. Regularly practice calculations and working with financial data to keep your numerical skills sharp.

3Get Familiar with Test Formats

Each type of test has its nuances. Use Practice Aptitude Tests to experience various question formats and time requirements to minimize surprises on the actual test day.

4Practice Under Exam Conditions

Simulate test conditions when you practice—set a timer and minimize distractions. This helps build your test-taking stamina and time management skills.

5Review and Learn from Mistakes

After each practice test, review incorrect answers to identify patterns in your mistakes. Learning from these will help strengthen your test-taking strategy.

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Accountancy Tests FAQs

What are covered on Accountancy tests?

Accountancy tests typically assess numeracy, your agility with financial data, comprehension of accounting principles, and problem-solving abilities. Expect to answer questions that revolve around these crucial aspects.

How do I prepare for Accountancy tests?

To prepare for Accountancy tests, regularly practice arithmetic and familiarize yourself with financial terminology. Brush up on accounting principles and work through sample questions to gain confidence.

How difficult are Accountancy tests?

The difficulty of Accountancy tests can vary depending on the role’s level and the test’s complexity. They’re designed to measure your aptitude accurately, so thorough preparation is key to performing well.

What types of tests are included in the Accountancy tests?

Accountancy tests include numerical reasoning, verbal reasoning related to financial contexts, problem-solving exercises, and specific technical questions tied to accounting practices.

Where can I practice free Accountancy test questions?

The best way to prepare is to practice. Practice Aptitude Tests offers a plethora of practice tests to help you become familiar with Accountancy test questions and prepare effectively for your job application.

Reviews of our Accountancy tests

What our customers say about our Accountancy tests

  • United Arab Emirates

    November 14, 2021

    Knowledge

    The test was very good. It helps me to learn and sharpen my skill of time management. It's very good to know and check the knowledge of any candidate. But, I think it would be better if the test time is increased to 30 minutes.

  • United Arab Emirates

    October 31, 2021

    Knowledge and ability accuracy

    I like numbers, so maybe that's exactly the reason I love to solve them. Solving them is so much fun. I think my weakness is that I'm way too detail-oriented. I try to accomplish everything and I just want everything to be perfect.

  • South Africa

    September 06, 2021

    Time pressure was a lot

    The wording was not simple – so took a bit of time to understand, which is difficult under time pressure.

  • South Africa

    June 02, 2021

    Be fast with calculations

    I like the fact it includes everything like percentages, ratios and basic formulas for calculations

  • Nigeria

    May 26, 2021

    Good

    It's challenging and I like that. It's a solution for my rustiness.

  • Ghana

    May 26, 2021

    Exciting

    What I liked most was the ability to test my knowledge and how smartly I could solve issues.

  • Zimbabwe

    May 24, 2021

    MY FIRST TEST

    What an exciting experience, I was very slow in the beginning but gradually picked up the pace. I however could not finish in the time slot. Will therefore need to improve on the speed

  • Nigeria

    May 20, 2021

    Do not spend too much time in a question

    I like the challenge of having to carefully calculate before arriving at an answer.

  • India

    May 13, 2021

    Basics

    Like doing easy math in complicated form

  • Australia

    April 06, 2021

    Challenging

    Time constraints add some value, wish I had my calculator handy