Principles of Financial Accounting Certification Exam (Foundation)

Free Test Attempt, Free Test Record, Free Certificate.

StudySection gives you an opportunity to judge your ability to understand the fundamentals of accounting, including revenue, costs, assets, liabilities, equity, bills of exchange, and financial statements by launching a Free Online Certification Exam (Foundation). This Certification Exam is suitable for beginners who have basic knowledge of business language essentials. This certification exam aims to identify accounting concepts and the significance of accounting in long-term corporate success.

Accounting principles are the fundamental rules and procedures that businesses must follow while reporting all financial data and accounts. The purpose of accounting principles is to be able to transmit economic data in a language that is acceptable and understandable to other businesses. This certification exam is appropriate for beginners and those who want to enhance their accounting knowledge.

This certification exam consists of several multiple-choice questions on the fundamentals of this program. Some questions may have more than one correct option, and you must select all the correct options in order to make your answer right. After you have successfully passed this online Certification Exam (Foundation), you will become eligible to get an e-Certificate and a certification badge that can be used to enhance your career profile and social media profiles too.

Topics to be covered in the CSS Free Online Certification Exam are the following:

  • Bills of Exchange
  • Trial Balance and Rectification of Errors
  • Depreciation, Provisions and Reserves
  • Introduction to Accounting
  • Theory Base of Accounting
  • Recording of Transactions
  • Bank Reconciliation Statement
  • Financial Statements
  • Computerised Accounting System
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Test Time - 20 Minutes

Total Questions - 30

Passing Score - 50%

Note - This test has to be completed in a single session. A question may have multiple correct options. You have to mark all the correct options for your answer to be considered correct. You will see checkboxes instead of the radio buttons for the options in case a question has multiple correct options.
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