The “Accounting and Taxation in Azerbaijan” exam is an open book exam. During the exam, the candidate may use printed versions of the Tax Code, the Accounting Law, accounting rules and other legislative acts at his discretion.
The exam consists of 30 multiple-choice questions worth 1 point, 10 multiple-response questions worth 2 points, 4 fill-in-the-blank questions worth 5 points, and 3 compound problems worth 10 points. Total 100 points.
Exam pass score – 61 points
Candidates who achieve a passing score and above are issued a certificate of successful completion of the exam.
Upon additional request, the employer or candidate can be provided with a report on the results of the exam with recommendations for suitability for the position being applied for, as well as for further professional training of the candidate
Examination Program
The “Accounting and Taxation in Azerbaijan” exam provides an opportunity to evaluate the candidate according to the following criteria:
– Knowledge of the requirements of the legislation of the Republic of Azerbaijan regarding the organization of accounting at enterprises, understanding of the levels of responsibility for violation of legal requirements
– Knowledge of basic accounting concepts and principles, ability to make accounting records and prepare accounting documents
– Understanding of the principles of accounting for the main sections: accounting for fixed assets and intangible assets, settlements with debtors and creditors, payroll calculation and accounting, inventory accounting, income and expense accounting
– Ability to prepare a balance sheet and profit and loss statement, understanding the principles of assigning accounting elements to the appropriate sections of reports
– Knowledge of the basic concepts of the Tax Code of the Republic of Azerbaijan, the ability to operate these concepts in practice
– Knowledge of the principles of taxation for all taxes provided for by the Tax Code of the Republic of Azerbaijan, knowledge of the requirements and rules for preparing tax returns for these taxes, as well as the rules for paying taxes
– Ability to use the legislative acts of the Republic of Azerbaijan regulating issues of accounting, taxes, and social payments
Examination rules
Before starting the exam, please read the rules carefully:
1. This is an open book exam. During the exam, you can use printed versions of the Tax Code, the Accounting Law, accounting rules and other legislative acts at your discretion.
2. The use of any means of communication is not permitted during the exam.
3. The presence of third parties at the exam is not permitted.
4. During the exam, reading exam questions aloud is not allowed.
5. Duration of the exam is 90 minutes without breaks.
6. The exam consists of 30 multiple-choice questions (1 point each), 10 multiple-choice questions (2 points each), 4 fill-in-the-blank tasks (5 points each), 3 composite problems (10 points each). Total 100 points.
7. During the exam, if necessary, you can return to previous questions and correct the answer.
8. To receive a certificate you need to score at least 61 points out of 100.