Free Practice Questions for Hungarian Enterprise Accountant Exam

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Key Facts: Hungarian Enterprise Accountant Exam Exam

40%

Financial Accounting practical component

Official requirements attached to Government Decree 607/2023, section 1.5.1(a)

30%

Financial Statements, Analysis and Control practical component

Official requirements attached to Government Decree 607/2023, section 1.5.1(b)

30%

oral component in Financial Statements, Analysis and Control

Official requirements attached to Government Decree 607/2023, section 1.5.2

60% each

minimum score for both practical parts and the oral examination

Official requirements attached to Government Decree 607/2023, section 1.5.3

Hungarian

official examination language

Government Decree 607/2023, Section 7(1)

Prepare the accounting, financial-statement, analysis, and control concepts tested by the current Vállalkozási mérlegképes könyvelő authority exam with 67 independent English-language MCQs.

Sample Hungarian Enterprise Accountant Exam Practice Questions

Try these sample questions to review concepts for the Hungarian Enterprise Accountant Exam exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 67+ question experience with AI tutoring.

1Under Section 151 of Hungarian Act C of 2000 on Accounting (Számviteli törvény), which business entities are required to entrust specified bookkeeping-service leadership and financial-statement preparation tasks to an appropriately qualified person or service provider?

A.A business entity whose average annual net sales revenue for the preceding two financial years exceeds HUF 20 million, subject to the Act's detailed rules for missing prior-year data

B.Only publicly listed corporations traded on the Budapest Stock Exchange (BÉT)

C.Exclusively companies whose equity exceeds HUF 500 million

D.Any business entity with more than 100 employees, regardless of revenue

Explanation: Section 151(1) requires specified bookkeeping-service leadership and financial-statement preparation work to be entrusted to a qualified natural person or a qualifying accounting-service provider. Section 151(2) exempts an enterprise whose average annual net sales revenue for the preceding two financial years does not exceed HUF 20 million, with a current-year expectation used where the prior data are unavailable.

2Under Section 15(7) of Hungarian Act C of 2000, which principle requires recognized revenue and the corresponding costs to be attributed to the period in which they economically arise, irrespective of cash settlement?

A.Principle of matching (összemérés elve)

B.Principle of going concern (vállalkozás folytatásának elve)

C.Principle of consistency (folytonosság elve)

D.Principle of individual valuation (egyedi értékelés elve)

Explanation: Section 15(7) states the matching principle: the period's recognized revenue and related costs or expenditures are taken into account in that period regardless of cash settlement. Time apportionment across multiple periods is separately stated as the accrual principle in Section 16(2).

3Under Section 25 of Hungarian Act C of 2000, which group consists of intangible assets (immateriális javak)?

A.Capitalized value of formation and reorganization, Capitalized development costs, Concessions and rights, Intellectual property, and Goodwill

B.Inventories of purchased raw materials, goods, and packaging

C.Treasury shares, government bonds, and short-term bank deposits

D.Customer trade receivables and advances paid to suppliers

Explanation: Under Section 25 of Act C of 2000, intangible assets comprise: Capitalized value of formation and restructuring, Capitalized value of experimental development, Rights of value (concessions, leases, licenses), Intellectual properties (patents, software, trademarks), Goodwill (üzleti vagy cégérték), and Advances paid on intangible assets.

4A company purchases production machinery on 1 April 2025 for a purchase price of HUF 20,000,000 net of VAT. Transportation costs are HUF 1,000,000 and foundation installation costs are HUF 3,000,000. The machine is commissioned into service on 1 July 2025 with an estimated useful life of 5 years (straight-line depreciation) and zero residual value. What is the accounting depreciation recognized for the year ended 31 December 2025?

A.HUF 2,400,000

B.HUF 4,800,000

C.HUF 2,000,000

D.HUF 1,200,000

Explanation: Initial historical cost = HUF 20,000,000 + HUF 1,000,000 + HUF 3,000,000 = HUF 24,000,000. Annual straight-line depreciation = HUF 24,000,000 / 5 years = HUF 4,800,000 per year (or HUF 400,000 per month). Because the machine was commissioned on 1 July 2025, depreciation runs for 6 months in 2025 (July through December): 6 * HUF 400,000 = HUF 2,400,000.

5Using the account numbers stated in the options from a common Hungarian chart of accounts, which entry records ordinary straight-line depreciation on factory machinery?

A.Debit: Account 571 (Értékcsökkenési leírás / Depreciation expense) | Credit: Account 139 (Műszaki berendezések terv szerinti értékcsökkenése / Accumulated depreciation)

B.Debit: Account 131 (Műszaki berendezések) | Credit: Account 571 (Értékcsökkenési leírás)

C.Debit: Account 86 (Egyéb ráfordítások) | Credit: Account 381 (Pénztár)

D.Debit: Account 413 (Eredménytartalék) | Credit: Account 131 (Műszaki berendezések)

Explanation: Ordinary depreciation increases depreciation expense and accumulated depreciation, so the stated chart records Debit 571 and Credit 139. Act C of 2000 requires each entity to create its own chart of accounts; it does not itself mandate these exact account numbers.

6A company holds 100 units of raw material purchased at HUF 1,000/unit on 10 January. On 15 February, it purchases 200 units at HUF 1,300/unit. On 1 March, it issues 150 units into production. Under the weighted average cost method (mérlegelt átlagáras módszer), what is the cost of materials issued into production on 1 March?

A.HUF 180,000

B.HUF 165,000

C.HUF 195,000

D.HUF 150,000

Explanation: Total inventory before issuance = 100 units + 200 units = 300 units. Total cost = (100 * 1,000) + (200 * 1,300) = HUF 100,000 + HUF 260,000 = HUF 360,000. Weighted average cost per unit = HUF 360,000 / 300 = HUF 1,200/unit. Cost of 150 units issued = 150 * HUF 1,200 = HUF 180,000.

7Under Hungarian Act C of 2000 (Section 56), when must an impairment loss (értékvesztés) be recognized on purchased inventories at year-end?

A.When the book value of the inventory is permanently and significantly higher than its market value or net realizable value at the balance sheet date

B.Whenever the inventory has been held in the warehouse for more than 30 calendar days

C.Whenever the supplier of the inventory has reported an operating loss

D.Exclusively when the inventory has been completely destroyed by fire

Explanation: Section 56 (1) of Act C of 2000 states that an impairment loss (értékvesztés) must be recognized on inventories if the book value of the inventory is permanently and significantly higher than the known market price or net realizable value on the balance sheet date, or if the inventory is damaged, obsolete, or slow-moving.

8A company has trade receivables of HUF 10,000,000 owed by a customer undergoing formal liquidation proceedings. Based on the liquidator's initial report, the company expects to recover only 20% of the claim. Using the account numbers stated in the options, which entry records the required impairment loss?

A.Debit: Account 866 (Követelések elszámolt értékvesztése / Other expenditures - Impairment of receivables) HUF 8,000,000 | Credit: Account 319 (Vevőkövetelések értékvesztése / Impairment of customer receivables) HUF 8,000,000

B.Debit: Account 311 (Vevők) HUF 8,000,000 | Credit: Account 96 (Egyéb bevételek) HUF 8,000,000

C.Debit: Account 52 (Igénybe vett szolgáltatások) HUF 8,000,000 | Credit: Account 384 (Elszámolási betétszámla) HUF 8,000,000

D.Debit: Account 413 (Eredménytartalék) HUF 2,000,000 | Credit: Account 311 (Vevők) HUF 2,000,000

Explanation: Expected loss = 80% × HUF 10,000,000 = HUF 8,000,000. The stated chart records the loss in other expenditures and credits the receivable-impairment allowance. The original gross receivable remains recorded until collection or derecognition. Exact account numbers come from the entity's chart of accounts, not directly from the Act.

9Under Hungarian Act C of 2000, what is the accounting treatment when a receivable previously written down by HUF 3,000,000 impairment is collected in full in the subsequent financial year?

A.Debit: Account 384 (Bank) HUF 10,000,000 | Credit: Account 311 (Vevők) HUF 10,000,000, and Debit: Account 319 (Értékvesztés) HUF 3,000,000 | Credit: Account 966 (Követelések visszaírt értékvesztése / Other income - Reversal of impairment) HUF 3,000,000

B.The collected money is credited to subscribed share capital

C.No entry is made because written-down receivables cannot be reversed under Hungarian law

D.The collection is treated as an interest payment under financial revenues

Explanation: Full collection records HUF 10,000,000 of cash against the HUF 10,000,000 gross receivable. The separate HUF 3,000,000 impairment allowance is reversed through other income because the reason for it has ceased. The account numbers shown are based on the stated chart; entities define their own detailed charts under the Act.

10On 31 December 2025, a Hungarian company has an outstanding foreign currency supplier liability of EUR 100,000. At the time of initial recording, the historical exchange rate was 390 HUF/EUR (book value HUF 39,000,000). On 31 December 2025, the official MNB exchange rate is 410 HUF/EUR. What is the foreign exchange gain or loss, and how is it recognized?

A.HUF 2,000,000 foreign exchange loss recognized under Financial expenditures (Pénzügyi műveletek ráfordításai)

B.HUF 2,000,000 foreign exchange gain recognized under Financial revenues (Pénzügyi műveletek bevételei)

C.Zero impact because FX revaluations are recognized only upon cash payment

D.HUF 41,000,000 extraordinary loss recognized in other expenditures

Explanation: At year-end, the liability is revalued: EUR 100,000 * 410 HUF/EUR = HUF 41,000,000. The original book value was HUF 39,000,000. Because this is a liability, an increase in the forint amount payable represents an FX loss of HUF 2,000,000 (HUF 41,000,000 - HUF 39,000,000), recognized in Financial expenditures (Debit 876 / Credit 454).

About the Hungarian Enterprise Accountant Exam Exam

The Vállalkozási mérlegképes könyvelő hatósági vizsga is Hungary's current authority examination for the enterprise balance-sheet accountant qualification. It assesses applied financial accounting, financial-statement preparation, analysis, control work, and an oral professional discussion. OpenExamPrep provides independent English-language MCQ study material for those topics; it is not an official translation and does not replace extended calculations, document production, case analysis, or oral practice.

Exam sponsor: Accredited authority examination centres under Government Decree 607/2023 (XII. 22.). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

The current authority examination has a 180-minute Financial Accounting practical part weighted 40%, a 180-minute Financial Statements, Analysis and Control practical part weighted 30%, and a 40-minute oral assessment in the latter domain weighted 30%. Each component must be passed separately at 60%.

Time Limit

180 minutes + 180 minutes practical; 40 minutes oral including 20 minutes of preparation

Passing Score

60% in each practical part and 60% in the oral examination

Exam / Certification Fees

Provider-specific; HUF 89,000 for a full examination at MKVKOK in 2026

Exam sponsor website

Reported exam pass rate: Not published. A national aggregate pass rate across accredited authority examination centres is not published. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

40% of the official exam; 40% of this practice bank (27 questions)

Financial Accounting (Pénzügyi számvitel)

Applied recordkeeping, valuation, recognition, measurement, and transaction calculations across the financial-accounting spectrum.

60% of the official exam including oral; 60% of this practice bank (40 questions)

Financial Statements, Analysis and Control

Statement preparation and disclosures, analytical cases and ratios, cash flow, cost analysis, internal policies, control work, documentation, and professional explanation.

Preparing for the Hungarian Enterprise Accountant Exam Exam

What You Need to Know

Passing score: 60% in each practical part and 60% in the oral examination
Assessment: The current authority examination has a 180-minute Financial Accounting practical part weighted 40%, a 180-minute Financial Statements, Analysis and Control practical part weighted 30%, and a 40-minute oral assessment in the latter domain weighted 30%. Each component must be passed separately at 60%.
Time limit: 180 minutes + 180 minutes practical; 40 minutes oral including 20 minutes of preparation
Exam / certification fees: Provider-specific; HUF 89,000 for a full examination at MKVKOK in 2026 Official sources

Using Our Practice Resources

Work through all 67 available questions
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Hungarian Enterprise Accountant Exam: Suggested Study Strategy

1Practice complete journal-entry and measurement chains, because the Financial Accounting part centers on connected practical problems.

2Prepare narrative disclosures and business-report material from supplied facts, not only balance-sheet calculations.

3Explain what a ratio means and what further evidence is needed instead of stopping at the arithmetic.

4Draft control documents and connect findings to objectives, criteria, evidence, and recommendations.

5Rehearse professional explanations in Hungarian for the oral component; this English MCQ bank cannot substitute for oral performance practice.

Frequently Asked Questions

Is the current assessment the former PK 04115001 qualifying examination?

No. The current assessment is a hatósági vizsga governed by Government Decree 607/2023 (XII. 22.). Legacy program-requirement descriptions do not define the current examination format.

What are the mandatory examination components?

There are two 180-minute practical parts—Financial Accounting and Financial Statements, Analysis and Control—followed by a 40-minute oral examination in the latter domain, including 20 minutes of preparation.

What is the pass mark?

Each of the two practical parts and the oral examination must independently reach at least 60%.

How much does the exam cost?

Fees are set by each examination centre. MKVKOK's published full-exam fee is HUF 89,000 in 2026.

Why is this bank English-language MCQ practice?

It offers independent concept review in English. The official language is Hungarian and the official format uses extended practical work and an oral discussion, so this bank is not a translation, format simulation, or substitute for those performance tasks.