UniGeniusFinancial accounting

Timed practice exam

Financial accounting practice exam 1

37 questions, 100 marks, 2 hours. Section A: 35 objective test questions of 2 marks. Section B: two multi-task questions of 15 marks, one on consolidation and one on accounts preparation. The paper is handed in when the clock reaches zero.

  • A Section A question earns its 2 marks only when every part is right. Each Section B box earns the marks shown beside it. The pass mark is 50%.
  • Amounts are in dollars. Use a full stop for decimals; commas and a $ sign are optional; a minus sign or brackets show a negative figure.
  • Move between questions in any order and flag any to come back to. Leave about 36 minutes for Section B.