TEST AREAS
"SEPARATING ANALYSTS FROM ACCOUNTANTS"
Test in Swedish on Swedish GAAP, distinguishing candidates managing Closing of Accounts and Reporting from those with strong Financial Analysis skills and deep knowledge of Income Statements and Balance Sheets.
Income Statement & Balance Sheet
The candidate's knowledge relating to both simpler aspects such as different presentation formats, asset categories, short-term and long-term liabilities, equity, operational performance measures etc, as well as more advanced topics - for example fund and new issues, free cash flow, provisions, capitalised tax loss carryforwards, comprehensive income, leasing, consolidation principles in group financial statements, and more.
Financial Analysis
Proficiency in recognised financial key ratios such as solvency, debt-to-equity ratio, and interest coverage ratio, understanding and calculation of profitability, credit periods through accounts receivable and accounts payable, capital binding, and the impact of financial leasing on profitability and cash flow, among others. Also, more complex analysis such as knowledge of the components of leverage and DuPont relationships, adjusted equity, the impact of working capital on cash flow, etc.
Closing of Accounts
The candidate's knowledge regarding account reconciliations, accruals, various interim accounts and skills in closing VAT accounts, accrual of invoices, recording of taxes and inventory, computation of taxable income, and accounting for anticipated and recognised customer losses, among other things.
Accounting Theory
Understanding the meaning and purpose of verifications, monthly reconciliations, accruals, accrued and prepaid items, definitions of revenue and expenses, consolidated financial statements, elimination of internal transactions, percentage of completion, significance of various accounting principles, indirect method regarding cash flow, IFRS vs. K3 regarding financial instruments, and useful life for intangible assets, among others.
TEST QUESTIONS
Multiple Choice
Our tests are mainly based on multiple-choice questions where the number of correct answer options varies. Each question has four answer options.
Questions by Area and Difficulty
The tests are divided into four question areas and questions are categorised into three difficulty levels: easy, intermediate and difficult.
Randomised Test Generation
Questions within each area and difficulty level are randomly selected from a question bank, ensuring that each test receives a unique set of questions. Additionally, the order of answer options is randomised so that the correct answer for each question never appears in the same position.
24 Questions and Multimedia Options
A total of 24 questions are generated and must be answered within 30 minutes. During the test, candidates can skip questions and come back to them later. They also have access to a timer and a progress indicator. The test will automatically close when the maximum time limit is reached.
Test questions and answer options can consist of text, images, or a combination of text and images.
Example Question
