Keep Calm and Study On - Unlock Your Success - Use #TOGETHER for 30% discount at Checkout

Accounting Principles

Accounting Principles

Free Practice Test

FREE
  • No. of Questions100
  • AccessImmediate
  • Access DurationLife Long Access
  • Exam DeliveryOnline
  • Test ModesPractice
  • TypeExam Format

Practice Exam

$7.99
  • No. of Questions105
  • AccessImmediate
  • Access DurationLife Long Access
  • Exam DeliveryOnline
  • Test ModesPractice, Exam
  • Last UpdatedJuly 2025

Online Course

-
  • Content TypeVideo
  • DeliveryOnline
  • AccessImmediate
  • Access DurationLife Long Access
  • No of videos-
  • No of hours-
Not Available

Accounting Principles


The Accounting Principles Exam is a foundational-level test aimed at individuals seeking to master the basics of accounting. It validates essential skills in double-entry bookkeeping, financial reporting, and the accounting cycle, providing a strong base for academic or professional advancement in finance and business.


Skills Required

  • Basic numeracy and analytical thinking
  • Understanding of double-entry bookkeeping
  • Familiarity with business transactions and documentation
  • Logical reasoning and attention to financial detail


Who should take the Exam?

This exam is ideal for:

  • Aspiring accountants and bookkeepers
  • Students enrolled in finance, commerce, or business programs
  • Entry-level professionals in accounting or audit roles
  • Business owners managing in-house bookkeeping
  • Professionals preparing for certifications like CPA, CMA, or ACCA


Course Outline

  • Introduction to Accounting
  • The Accounting Equation and Double-Entry System
  • The Accounting Cycle
  • Financial Statements
  • Revenue and Expense Recognition
  • Internal Controls and Ethics

Accounting Principles FAQs

Entry-level accountant, junior bookkeeper, accounts assistant, or financial clerk.

Yes—this exam is ideal for beginners starting their journey in finance or business.

Absolutely—it builds the core foundation required for advanced certifications.

Understanding accounting principles, recording transactions, and preparing basic financial statements.

Yes—it teaches how to track income, expenses, and financial performance.

Yes—the exam combines theoretical understanding with hands-on accounting processes.

Definitely—you’ll learn how to create and interpret the main financial statements.

Yes—it showcases fundamental accounting proficiency required in many entry-level roles.

By teaching you how to manage ledgers, balance accounts, and understand business financials.

Students, career switchers, entrepreneurs, or anyone seeking a structured entry into accounting.

 

We are here to help!

CONTACT US