ABBS Skills Test Overview

Practical Bookkeeping Skills Test – Overview

Skill Level

A bookkeeper with experience and competence,
Able to review the work entered by others and assist in reconciling the accounts and
process payroll.

Prerequisites

This level of bookkeeper competently accounts for the business activity:

Enters transaction accurately and consistently.
Review the work entered by others.
Bank Reconciliation
Process Payroll

Skill Area and Level

Acknowledges skills and knowledge obtained through;

Formal training (conducted by industry or educational institutions in Australia or overseas).
Work experience (informal Training.)
Life experience

The focus of this test is not to determine your acceptance or rejection of group membership. Rather it is a demonstration to both ABBS and to yourself where your strengths and weaknesses lay. By understanding your strengths and weaknesses, learning can be focused on your areas of weakness.

Content Summary

Accrual BAS using Accounting Software

The Bookkeeper will be able to:

Input Customer and Supplier details:

ABN (From Tax Invoice)
Terms of Trade

Reconciliation:

Petty Cash
Credit Cards
Banking Statements

Identify major account types and how to decrease and increase:

Assets
Proprietorship
Liabilities
Revenue
Cost of Goods Sold
Expenses

Invoices and Quotes:

Difference between quotes and invoices and the effect on the balance sheet.
Credit notes and adjustments
Adjust previous entries with correct application and effect on BAS preparation.

Provide a report on the cash flow of one week:

Sales
Cash Receipts
Purchases
Cash Payments
Payroll
Purchase of Asset

Payroll

Setup of payroll
Setup of STP
Public Holidays
Holiday pay
Sick Leave

Research queries:

Customer
Supplier

Internet Banking

Transfers
Payment of Supplier
Payment from Customer
Payroll
Multiple Payments