100+ Free Algeria IESPC Accounting Contest Practice Questions

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2026 Statistics

Key Facts: Algeria IESPC Accounting Contest Exam

6 written papers

Six compulsory written papers totalling 16 hours under the 7 March 2017 decree

JORADP n° 45 (30 July 2017)

Coefficient 12

Total written coefficient weighting across the six admissibility subjects

Interministerial Decree of 7 March 2017

10/20 average

Minimum weighted average required on written tests to qualify for oral interview

IESPC Examination Regulations

12 Sept 2026

Extended registration deadline for the 2026 competitive examination session

IESPC Official Announcement

Licence / Bac+3

Minimum eligible higher-education level stated in the 2026/2027 call

IESPC Official Announcement

Free 100-question English MCQ study bank for the Algerian IESPC national accounting entrance contest (Expertise Comptable & Commissariat aux Comptes). Reflects the official six-paper written syllabus (16 hours total, coeff 12) under the 7 March 2017 decree. Study adaptation, not an official-paper simulation.

Sample Algeria IESPC Accounting Contest Practice Questions

Try these sample questions to test your Algeria IESPC Accounting Contest exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under the Algerian Financial Accounting System (Système Comptable Financier - SCF, Law 07-11), which qualitative characteristic guarantees that financial information is complete, neutral, and free from material error?

A.Faithful representation (Image fidèle)

B.Comparability (Comparabilité)

C.Verifiability (Vérifiabilité)

D.Understandability (Intelligibilité)

Explanation: Under the conceptual framework of the Algerian SCF (Law n° 07-11 of 25 November 2007), faithful representation (image fidèle) requires that financial information reflects the economic substance of transactions completely, neutrally, and free from material error. It is one of the fundamental qualitative characteristics alongside relevance.

2Under SCF rules, at what value must initial inventories of purchased goods (marchandises) be recognized upon receipt at the entity's premises?

A.Purchase cost, including purchase price, import duties, non-recoverable taxes, transport, and handling, minus trade discounts

B.Supplier invoice price only, with all transport, handling, and insurance costs directly expensed in operating charges

C.Net realizable value at the date of delivery, discounted using the central bank reference rate

D.Standard replacement cost estimated by management on the receipt date

Explanation: Under Article 12 of Executive Decree 08-156 and the SCF rules, the entry cost of inventories comprises purchase price, customs duties, non-recoverable indirect taxes, transport, handling, and other costs directly attributable to acquisition, reduced by commercial rebates and cash discounts.

3An Algerian company acquires industrial equipment on 1 January 2024 for 6,000,000 DZD. Delivery and installation costs amount to 500,000 DZD, site preparation costs are 100,000 DZD, and staff training expenses are 200,000 DZD. The estimated residual value at the end of its 5-year useful life is 600,000 DZD. Under SCF, what is the annual straight-line depreciation charge for 2024?

A.1,200,000 DZD

B.1,320,000 DZD

C.1,240,000 DZD

D.1,080,000 DZD

Explanation: Initial asset cost includes the purchase price (6,000,000 DZD) plus directly attributable installation (500,000 DZD) and site preparation (100,000 DZD), totaling 6,600,000 DZD. Staff training (200,000 DZD) is an operating expense and cannot be capitalized. The depreciable base is cost minus residual value: 6,600,000 - 600,000 = 6,000,000 DZD. Over 5 years, annual straight-line depreciation is 6,000,000 / 5 = 1,200,000 DZD.

4On 31 December 2025, an Algerian enterprise tests an intangible production license for impairment under SCF. The carrying amount of the license is 4,500,000 DZD. Its fair value less costs of disposal is 3,800,000 DZD, and its value in use (discounted future cash flows) is 4,100,000 DZD. What impairment loss (perte de valeur) must be recognized in profit or loss?

A.400,000 DZD

B.700,000 DZD

C.0 DZD

D.300,000 DZD

Explanation: Under the SCF impairment model, the recoverable amount (valeur recouvrable) is the higher of fair value less costs of disposal (3,800,000 DZD) and value in use (4,100,000 DZD), which equals 4,100,000 DZD. Because carrying amount (4,500,000 DZD) exceeds recoverable amount (4,100,000 DZD), an impairment loss of 4,500,000 - 4,100,000 = 400,000 DZD must be recognized.

5Under the Algerian SCF, which mandatory primary financial statement classifies cash inflows and outflows into operating, investing, and financing activities?

A.Statement of Cash Flows (Tableau des flux de trésorerie)

B.Statement of Changes in Equity (Tableau de variation des capitaux propres)

C.Income Statement (Compte de résultat)

D.Balance Sheet (Bilan)

Explanation: The Tableau des flux de trésorerie is one of the five mandatory financial statements under the SCF (along with Bilan, Compte de résultat, Tableau de variation des capitaux propres, and Annexe). It classifies movements of cash and cash equivalents across flux opérationnels, flux d'investissement, and flux de financement.

6An Algerian corporation reports the following balance sheet balances on 31 December 2025: Non-current assets (Actifs non courants) = 14,000,000 DZD; Shareholders' equity (Capitaux propres) = 10,000,000 DZD; Non-current liabilities (Passifs non courants / Dettes financières à long terme) = 6,000,000 DZD. What is the Net Working Capital (Fonds de Roulement Net Global - FRNG)?

A.+2,000,000 DZD

B.-2,000,000 DZD

C.+4,000,000 DZD

D.+8,000,000 DZD

Explanation: Net Working Capital (FRNG) equals Stable Resources (Ressources stables) minus Stable Uses / Non-current Assets (Emplois stables). Stable Resources = Equity (10,000,000 DZD) + Non-current Liabilities (6,000,000 DZD) = 16,000,000 DZD. FRNG = 16,000,000 - 14,000,000 = +2,000,000 DZD, indicating a financial surplus funding current operations.

7An enterprise has an Operating Working Capital Requirement (Besoin en Fonds de Roulement - BFR) of 1,600,000 DZD and a Net Working Capital (FRNG) of 2,000,000 DZD. What is its Net Cash Position (Trésorerie Nette - TN)?

A.+400,000 DZD

B.-400,000 DZD

C.+3,600,000 DZD

D.+1,250,000 DZD

Explanation: According to the fundamental equation of financial analysis: Net Cash (Trésorerie Nette) = FRNG - BFR. Here, TN = 2,000,000 - 1,600,000 = +400,000 DZD, meaning the working capital surplus exceeds operational financing needs, leaving positive cash balances.

8An Algerian company evaluates an industrial project requiring an initial investment of 10,000,000 DZD at Year 0. The project generates constant annual net cash inflows of 3,500,000 DZD for 4 years. Using a discount rate of 10% (where the 4-year annuity factor is 3.16987), what is the project's Net Present Value (NPV)?

A.+1,094,545 DZD

B.-1,094,545 DZD

C.+4,000,000 DZD

D.+2,150,000 DZD

Explanation: Present value of operational cash flows = 3,500,000 × 3.16987 = 11,094,545 DZD. NPV = Present Value of Inflows - Initial Outlay = 11,094,545 - 10,000,000 = +1,094,545 DZD. Because NPV > 0, the project is financially viable.

9A firm's target capital structure comprises 60% equity and 40% debt. The cost of equity is 14%, the pre-tax cost of debt is 8%, and the applicable corporate income tax rate (IBS) is 26%. What is the firm's Weighted Average Cost of Capital (WACC / CMPC)?

A.10.77%

B.11.60%

C.9.84%

D.12.15%

Explanation: WACC = (Weight of Equity × Cost of Equity) + [Weight of Debt × Pre-tax Cost of Debt × (1 - Tax Rate)]. After-tax cost of debt = 8% × (1 - 0.26) = 8% × 0.74 = 5.92%. WACC = (0.60 × 14%) + (0.40 × 5.92%) = 8.40% + 2.368% = 10.768%, or approximately 10.77%.

10Under the Algerian SCF, how does a finance lease (crédit-bail / location-financement) differ fundamentally from an operating lease (location simple) in terms of balance sheet recognition by the lessee?

A.A finance lease is capitalized as an asset on the balance sheet with a corresponding financial liability, whereas an operating lease recognizes lease payments directly as expenses

B.Both finance and operating leases must be recognized off-balance sheet, with only footnote disclosure in the Annexe

C.Operating leases are recognized as intangible assets, whereas finance leases are recognized as inventories

D.Finance lease payments are recognized strictly as reductions of equity without touching liabilities

Explanation: Reflecting the principle of substance over form under the SCF, a finance lease transfers substantially all risks and rewards incidental to ownership. The lessee capitalizes the asset (Compte 21) with an equivalent financial borrowing liability (Compte 16). In contrast, an operating lease merely gives rise to periodic rental expenses (Compte 613).

About the Algeria IESPC Accounting Contest Exam

The Concours d’Accès à l’IESPC is the official national competitive entrance examination for admission to the specialized professional training program for Certified Public Accountants (Experts-Comptables) and Statutory Auditors (Commissaires aux Comptes) in Algeria. Established by Executive Decree n° 12-288 and structured by the Interministerial Decree of 7 March 2017, the contest features six written papers: Finance and Accounting (coeff 3), Audit (coeff 3), Commercial Law and Taxation (coeff 2), General Economics (coeff 2), Information Technology and Statistics (coeff 1), and Languages (coeff 1). Candidates achieving a weighted average of at least 10/20 advance to the oral interview. This practice bank provides 100 English-language four-option MCQs faithfully aligned to the official curriculum and topic weightings as a rigorous study adaptation, not an official-format simulation.

Assessment

Six written admissibility papers: Finance & Accounting (4h, coeff 3), Audit (3h, coeff 3), Commercial Law & Taxation (3h, coeff 2), General Economics (2h, coeff 2), Information Technology & Statistics (2h, coeff 1), and Languages (2h, coeff 1), followed by an oral interview for candidates with a weighted average >= 10/20.

Time Limit

16 hours total across six written papers plus oral interview

Passing Score

Weighted average of at least 10/20 on the six written papers for admissibility; final admission ranked by merit within available vacancies

Exam Fee

6,000 DZD for the 2026/2027 session, payable by CCP transfer after publication of the official list admitted to the written contest (Institut d'Enseignement Spécialisé de la Profession Comptable (IESPC) under Ministère des Finances)

Algeria IESPC Accounting Contest Exam Content Outline

Paper 1 (Coeff 3; 25 questions)

Finance & Accounting

Algerian SCF accounting framework, financial statement presentation, asset valuation, revenue recognition, ratio analysis, cash flows, working capital management, WACC, investment appraisal, and consolidation principles.

Paper 2 (Coeff 3; 25 questions)

Auditing & Statutory Auditing

Normes Algériennes d'Audit (NAA), statutory auditor ethics and legal duties under Loi 10-01, audit risk assessment, internal controls, audit sampling, substantive audit testing, and audit report opinions.

Paper 3 (Coeff 2; 17 questions)

Commercial Law & Taxation

Algerian Commercial Code provisions for corporations and partnerships, corporate governance, contract law, corporate income tax (IBS), personal income tax (IRG), value-added tax (TVA), and tax procedural rules.

Paper 4 (Coeff 2; 17 questions)

General & Monetary Economics

Macroeconomic indicators, monetary policy instruments of the Banque d'Algérie under Law 23-09, inflation mechanisms, fiscal policy, balance of payments, foreign exchange regimes, and economic structural reforms.

Paper 5 (Coeff 1; 8 questions)

Information Technology & Statistics

Accounting information systems, ERP architecture, IT audit controls, data security, cloud accounting, statistical sampling in audit, probability distributions, regression analysis, and variance.

Paper 6 (Coeff 1; 8 questions)

Professional Communication & Terminology

International accounting and financial terminology in English and French, technical reading comprehension of financial disclosures, business communication, and cross-border reporting conventions.

How to Pass the Algeria IESPC Accounting Contest Exam

What You Need to Know

Passing score: Weighted average of at least 10/20 on the six written papers for admissibility; final admission ranked by merit within available vacancies
Assessment: Six written admissibility papers: Finance & Accounting (4h, coeff 3), Audit (3h, coeff 3), Commercial Law & Taxation (3h, coeff 2), General Economics (2h, coeff 2), Information Technology & Statistics (2h, coeff 1), and Languages (2h, coeff 1), followed by an oral interview for candidates with a weighted average >= 10/20.
Time limit: 16 hours total across six written papers plus oral interview
Exam fee: 6,000 DZD for the 2026/2027 session, payable by CCP transfer after publication of the official list admitted to the written contest

Keys to Passing

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

Algeria IESPC Accounting Contest Study Tips from Top Performers

1Master the Algerian Système Comptable Financier (SCF, Law 07-11): practice asset valuation rules, component depreciation, impairment testing, and cash flow statement reconciliation under the indirect method.

2Thoroughly review Algerian Auditing Standards (NAA) and Loi 10-01: know statutory auditor appointment thresholds, legal independence disqualifications, the audit risk model (AR = IR × CR × DR), and opinion formulation criteria.

3Understand Algerian tax calculations under the CIDTA and TCA: corporate tax (IBS) rates (19%, 23%, 26%), non-deductible expenses, and TVA deduction rights and prorata mechanisms.

4Review monetary policy mechanisms under the 2023 Monetary and Banking Law (Law 23-09): Banque d'Algérie reserve ratios, liquidity management instruments, and foreign exchange regime dynamics.

5Prepare quantitative problems in financial analysis: compute WACC, NPV, IRR, working capital requirements (BFR), and interpret audit sample sizes using statistical sampling formulas.

Frequently Asked Questions

What is the format and duration of the IESPC entrance competition?

The examination comprises six written admissibility papers totalling 16 hours: Finance and Accounting (4h, coeff 3), Audit (3h, coeff 3), Commercial Law and Taxation (3h, coeff 2), General Economics (2h, coeff 2), IT and Statistics (2h, coeff 1), and Languages (2h, coeff 1). Candidates achieving an overall weighted average of at least 10/20 are summoned for an oral interview with the admission jury.

Who is eligible to sit the IESPC entrance competition?

The 2026/2027 official call accepts holders of a Licence or recognized university equivalent (minimum Bac+3) in eligible fields under the Interministerial Decree of 7 March 2017, including Accounting, Accounting and Finance, Finance, and Audit.

What professions does the IESPC training qualify candidates for?

Graduation from the specialized IESPC program leads to the state diplomas of Expert-Comptable (Certified Public Accountant) and Commissaire aux Comptes (Statutory Auditor), fulfilling statutory educational requirements for licensure and inscription on the Tableau of the ONEC or CNCC.

What language is used for the official examination papers?

The governing syllabus expressly describes the Languages paper as using Arabic, English, and French through document analysis, translation, and written responses. It does not publish a blanket delivery-language rule for the other five papers. This English-language bank is a study adaptation, not an official translation.

Is this practice bank an official examination simulation?

No. The official competition consists of written essay, case-study, and practical calculation papers. This bank is an English-language multiple-choice study adaptation designed to reinforce theoretical comprehension, Algerian SCF regulations, auditing standards, and financial calculations.

Is there an examination fee for the IESPC competition?

Yes. The official 2026/2027 call sets a 6,000 DZD participation fee, payable by CCP transfer after publication of the official list of candidates admitted to sit the written contest.