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Entry Level Assessment Blueprint

Specific Competencies and Skills Tested in this Assessment:


  • Apply the accounting equation to journalize an opening entry
  • Follow principles of double-entry bookkeeping in the journalizing process 
  • Adjust for bad debts using direct write-off or allowance methods 
  • Analyze transactions involving owners’ equity



  • Post to general and subsidiary ledger accounts 
  • Demonstrate understanding of multicolumn ledgers
  • Demonstrate familiarity with computerized posting methods 
  • Reconcile subsidiary to general ledgers
  • Use appropriate posting references 


Payroll Preparation 

  • Calculate employee earnings, including salary, hourly, overtime, and commission
  • Demonstrate familiarity with electronic payroll data entry 
  • Complete a payroll register 
  • Prepare a payroll check and check stub with appropriate information 
  • Record information found on W-4 forms in employee data section 
  • Calculate appropriate employee payroll taxes 
  • Calculate appropriate employer payroll tax liabilities 
  • Determine appropriate deposit dates and documentation, and prepare federal tax forms 
  • Journalize payroll entries at end of earnings period in general journal 


Cash and Banking Procedures 

  • Complete check stubs and checks 
  • Enter appropriate data on a deposit slip 
  • Reconcile a bank statement  
  • Demonstrate familiarity with online and electronic banking procedures 
  • Exhibit understanding of credit cards and/or debit cards 
  • Manage multiple bank accounts and transactions 
  • Reconcile and replenish petty cash funds 


Merchandise Inventory 

  •    Demonstrate knowledge of a merchandise inventory account using perpetual and periodic methods
  •    Analyze effects on accounts by the purchase of goods
  • Calculate the cost of goods sold 
  • Prepare adjusting entries based on physical inventory 
  • Calculate for obsolete or a shrinkage of inventory 


Completion of Accounting Cycle 

  • Complete 8 or 10 column worksheets
  • Prepare the financial statements from a completed worksheet 
  • Verify the financial statements against the worksheet for accuracy
  • Record and post adjusting and closing entries 
  • Locate and correct accounting errors 
  • Prepare post-closing trial balance from general ledger 


Identification and Application of Source Data 

  • Identify and locate appropriate business forms used in bookkeeping and/or accounting 
  • Apply procedures for using electronic data for various bookkeeping and/or accounting purposes 
  • Interpret and identify information contained in source documents




  • Exhibit familiarity with the internal controls for sensitive source documents
  • Exhibit familiarity with the internal controls for e-commerce
  • Exhibit familiarity with internal control for the protection of company assets and property
  • Exhibit familiarity with confidentiality and ethics 



Basic Accounting Knowledge

  • Exhibit understanding of terminology relating to accounting
  • Exhibit understanding of careers in accounting
  • Exhibit understanding of regulatory bodies
  • Demonstrate ability to use calculator, 10-key, and computer
  • Identify various business entities
  • Determine classification of accounts and identify normal balances
  • Generate and interpret spreadsheets, charts, ad graphs


Advanced Accounting Practices  

  • Exhibit understanding of cash or accrual accounting
  • Differentiate between proprietorship, partnership, corporation, and departmental accounting procedures 
  • Exhibit understanding of stocks, declarations, and payment of dividends 
  • Calculate and record depreciation and amortization 
  • Calculate and analyze financial ratios 


Written Assessment: 

Administration Time: 3 hours   

Number of Questions: 219


Areas Covered:

Journalizing: 9%

Posting: 9%

Payroll Preparation: 15%

Cash and Banking Procedures: 13%

Merchandise Inventory: 9%

Completion of Accounting Cycle: 12%

Identification and Application of Source Data: 5%

Security: 7%

Basic Accounting Knowledge and Skills: 12%

Advanced Accounting Principles: 9%

Sample Questions:

When the owner takes merchandise for personal use, it will _____ account.

  1. decrease the Drawing 
  2. decrease the Expense
  3. increase the Capital 
  4. increase the Drawing 


Use the Posting Reference (PR) column in the General Ledger to

  1.   trace the entry to the book of final entry 
  2. show the accountant that the transaction was posted in the General Ledger 
  3. trace the transaction to the original book of entry 
  4. show which employee posted the record to the General Ledger 


Taxes that art the employer’s sole responsibility are considered to be a/an

  1. expense of a business
  2. asset of a business
  3. deduction from capital 
  4. addition to employee earnings 


A signed statement ordering a bank to pay cash from funds already deposited in that bank is a

  1. check 
  2. promissory note 
  3. bill of lading 
  4. transfer 


An actual count of merchandise is called a _____ inventory.

  1.   physical
  2. perpetual 
  3. merchandise control 
  4. supply 


Performance Assessment:

Administration Time: 3 hours  

Number of Jobs: 7


Areas Covered: 

26% Journal Entries 

Participant will use the spreadsheet provided and record entries for each document in the general journal.


9% Posting Verification 

Participant will accurately prepare a schedule of accounts receivable using the information provided.


15% Payroll

Participant will compute net pay for employees using correct formatting.


 7% Complete Worksheet

Participant will legibly complete the adjusted trial balance columns, totaling the income statement and balance sheet columns.


14% Financial Statements

Participant will use the worksheet provided to prepare an income statement, statement of owner’s equity, and balance sheet, including proper heading.


10% Ratio and Partial Horizontal Analysis 

Participant will use the account balances and formulas provided to calculate working capital, current ratio, and acid-test ratio.


19% Advanced Journal Entries 

Participant will use the transactions provided to create a general ledger.

Sample Job:

Posting Verification 

Maximum Time:   15 minutes 

Participant Activity:   The test participant will be asked to prepare a schedule of accounts receivable and a post-closing trial balance.