Track 14 · Assessments
Junior accountant practical test
A realistic in-tray test for junior accountant roles: coding invoices, three-way matching, VAT, petty cash, receivables aging and a payment run.
You will be able to
- Code purchase invoices to the right accounts, applying a capitalisation policy.
- Perform a three-way match and decide what to pay.
- Age receivables, compute an expected credit loss allowance and post the adjustment.
- Follow the controls a hiring manager expects in payables and petty cash.
Included with a Formula Quest membership
A membership includes the worked examples, all 10 graded exercises and the full curriculum. The foundations track, the first ledger lessons and the Northstar Trading case stay free.
References
- IFRS Foundation — IFRS 9 Financial Instruments (accessed 2026-10-21)
Content review: answers and figures are checked by automated tests against the accounting engine, and the text has had an internal review against the standards; independent review by a qualified accountant is pending.