This Accounting US GAAP test isn’t about remembering every codification section or solving textbook problems. The assessment is built to mirror the pace and complexity of modern financial reporting. Every question is crafted to push you beyond the basics, requiring you to think like a true accounting professional—not just a bookkeeper.

You’ll be evaluated across six key areas that define advanced US GAAP practitioners:
• Accounting for Income Taxes (ASC 740)
Handle the nuances of deferred tax assets/liabilities, uncertain tax positions, and tax disclosures.

• Business Combinations & Purchase Accounting (ASC 805)
Tackle issues in mergers, acquisitions, and the complexities of measuring and recording new entities.

• Revenue Recognition (ASC 606)
Apply the five-step model to real contract scenarios and solve for performance obligations and disclosures.

• Lease Accounting (ASC 842)
Differentiate between finance and operating leases and navigate lessee/lessor requirements.

• Financial Instruments & Fair Value (ASC 820 & 825)
Interpret valuation techniques, measure fair value, and understand disclosures for financial assets and liabilities.

• Consolidation & Intercompany Transactions (ASC 810)
Master the rules around consolidating entities, variable interest entities, and eliminations.

This is where technical knowledge meets real-world business acumen—where each decision shapes the story told by the numbers.

If you thrive in this environment, you’re more than an accountant—you’re a trusted advisor in financial reporting. Let’s get started.