Accounting Test

The difference between the Cost of Goods Available and the Cost of Goods Sold is

select the action necessary to reconcile the bank statement.

A company in the computer industry is experiencing continuously lower costs. Which cost flow assumption will result in less income tax expense for this company?

select the action necessary to reconcile the bank statement.


The inventory cost flow assumption where the cost of the most recent purchase is matched first against sales revenues is

select the action necessary to reconcile the bank statement.

Which financial statement will allow you to determine the gross margin for a retailer or manufacturer?

select the action necessary to reconcile the bank statement.


Which accounting method will result in financial statements that report a more complete picture of a corporation’s financial position and a better measure of profitability during a recent accounting year?

select the action necessary to reconcile the bank statement.

The bank collected a Note Receivable for the company and credited the company’s bank account for $1,000.

select the action necessary to reconcile the bank statement.

A company wrote a check for $76 and it cleared the bank for $76. However, the company recorded the check in its Cash account as $67. How is the difference of $9 handled on the bank reconciliation?

select the action necessary to reconcile the bank statement.

Outstanding checks.

Some accounting software will classify some accounts as “income” accounts, while accountants might refer to these accounts as “revenue” accounts.

The accounts shown in the chart of accounts can be broadly classified into two categories: balance sheet accounts and ____________ accounts.

When a company pays a bill, the account Cash will be

Which term is associated with “left” or “left-side”?

Assets minus liabilities equals

The listing of all of the accounts available for use in a company’s accounting system is known as the

Accounting entries involve a minimum of how many accounts?

Unearned Revenues is what type of account?

Liabilities often have the word_________ in their account title.

Obligations (amounts owed) are reported on the balance sheet and are referred to as

Assets are usually reported on the balance sheet at which amount?

Resources owned by a company (such as cash, accounts receivable, vehicles) are reported on the balance sheet and are referred to as

Revenues minus expenses is equal to

On the accrual basis of accounting, an expense is recorded in the accounting period when the

On the accrual basis of accounting, a revenue is recorded in the accounting period when the

The financial statement that lists the assets, liabilities, and stockholders’ (owner’s) equity on a particular date is the

The financial statement which records revenues and expenses for a period of time such as one year or one month is called the

Your score is

Information Technology

1 / 17

What will be the output of the following code snippet?

2 / 17

What will be the output of the following code snippet?

3 / 17

What will be the output of the following code snippet?

4 / 17

What is the correct name of a process that has the same name as the class name used to destroy objects? Note – This method is called automatically when the application is at the final stage waiting for the procedure to be terminated.

5 / 17

What will be the output of the following code snippet?

6 / 17

What will be the output of the following code snippet?

7 / 17

What will be the output of the following code snippet?

8 / 17

Which of the following statements correctly demonstrates the differences between ‘=’ and ‘==’ in C#?

9 / 17

What will be the output of the following code snippet?

10 / 17

What will be the output of the following code snippet?

11 / 17

What will be the output of the following code snippet?

12 / 17

Which of the following gives the correct count of the constructors that a class can define?

13 / 17

  1. Which one of the following is being used to describe a member of a class externally?

14 / 17

Which of the following operators can be used for accessing a class’s member function?

15 / 17

What will be the output of the following code snippet?

16 / 17

What will be the output of the following code snippet?

17 / 17

Which of the following statements are correct for the given code snippet:

Your score is

0%











Welcome! This is the first step of your application to the WAOConnect Graduate Program. After you’ve submitted your application, you’ll be asked to complete four (4) online assessments. Altogether this will take about two (2) hours to complete.

WAOConnect Graduate Program Application Form










Please work through the online assessments steadily with no distractions or input from any other person. You will need to complete these online assessments in one go.

Duration:

The entire experience will take approximately 2 hours to complete.

The online assessment consists of 4 sections:

  • Step 1: Personality Test
  • Step 2: Inventory System Test
  • Step 3: Specialized Test
  • Step 4: On-demand video interview

PERSONALITY TEST

Instructions: Click the link below and answer the personality test. Once you have completed, download the PDF file and attach your results. This generally only takes 10-12 minutes to complete.

Link to Personality test – https://www.tonyrobbins.com/disc/


INVENTORY SYSTEM TEST

Instructions: Go to loom.com, install the add-on and start to record your screen. Next, you will need to go http://dearsystems.com/ and get a free demonstration login to complete this test. Follow the instructions listed below and action everything in the DEAR Inventory demo file. Explain your process and why you did what you did while recording. This will take approximately 30 minutes to complete.

Dear Inventory Test
The scenario is a Chocolate Reseller Company. They have both retail and wholesale customers. They have 2 Locations, the wholesale warehouse in Albury and the retail store in Lillydale. They stock the Chocolates in Wasdale.

The chocolates are purchased from a number of different suppliers, and these are sold to retail and wholesale customers. Some of their products are:

Dark Hazelnut Chocolate Twist – SKU is DHCT500G. This product has a batch number – the batch number is made up of the expiry date of the chocolate ie 22-Feb-2021. The retail price is $5 and the wholesale price is $3.75

Caramel Chocolate Blend – SKU is CCB500G. Expiry Date: 01-Mar-2021. The retail price is $4.50 and the wholesale price is $3.50.

Chocolate Cheesecake Surprise – SKU is CCS500G. Expiry Date: 15-April-2021. The retail price is $4.75 and the wholesale price is $3.95.

What you need to do

  1. Setup branches for the wholesale/retail locations
  2. Create the products
  3. Create 3 customers,1 x retail (John Doe), and 2 x wholesale (Melba Confectionary & Loco Love Sweets)
  4. With the wholesale customers, set up payment terms to be 30 days from invoice and put them on the wholesale pricing tier
  5. Update/Create prices for a wholesale tier and retail tier
  6. Create the three suppliers and link them to each product.
  7. Raise 3 purchase orders. One for each of the raw suppliers.
  8. Raise 2 sales orders, one for the retail customer you set up, they purchase 5 units, and the second sales order will be for the wholesale customer Loco Love, who buys 50 units.

SPECIALIZED TEST

Instructions: Choose one of the three options on which specialization you will take depending on your educational background, qualifications and interests. Once you have decided which path to take, you will be redirected to the specialized test. This is a timed test, so you will need to complete this in one sitting, as you are allotted 30 minutes to complete this test.

Create a detailed workflow for your DEAR Inventory Test.

  1. Sign up on https://lucid.app/users/login#/login
  2. Create a step-by-step workflow on how you implemented the system for your DEAR Inventory Test.
  3. Use this previous test as your reference. https://docs.google.com/document/d/1zWivRbWn2dGa_WqRdBolMONPBBToqVgBsoWL1OuaV6I/edit?usp=sharing



Instructions: This is a self-recorded video interview. There are 5 questions. For each question, you’ll have 2 minutes to record your answer. This is an opportunity for you to tell us about yourself and your qualifications. Check that your webcam and microphone are connected and tested before starting the interview.

Please ready yourself before you click the start button, once you click the start button, the time will start counting. The recording will automatically stop after 2 minutes. Once done, download and upload the video in its original format.

1. Tell us about yourself.

Start


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2. What’s the most challenging part you experienced when taking our tests?

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3. How do you explain a complex issue (i.e., Accounting, IT, Engineering/Training) to someone who doesn’t have a background about it?

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4. What will you do when you’re given a task and you don’t know how it can be done?

Start


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5. What do you know about our company and why do you want to work here?

Start


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