Accounting CLEP Test
Financial Accounting CLEP Test covers the material that is taught
in a one-semester class at the 101 college level. This test covers
the basic pieces of any accounting course: income statement, balance
sheet, and cash flow statement. Not only do you need to understand
the terminology of the test questions, but you will need to understand
how to apply those terms to problems. For example, you'll need to
know where on the balance sheet to find a particular piece of information.
will need to answer 75 questions in 90 minutes. There is no penalty
for guessing on the test and there are some pretest questions included
that are not scored.
CLEP test covers what are considered to be generally accepted accounting
principles including:COGS, acquisitions, depreciation, amortization
and depletion. Contingent liabilities and investments and also included.
of Questions: 75
to complete the test: 90 min
of Difficulty: 4
Book Helped. I passed with no problems. -Frank M.
you for your excellent study guide. I studied hard for about three
days and I passed on the first try!!! No previous accounting experience...when
I first attempted the Practice Test I thought I would never pass.
I just kept studying the concepts you provided and then it began
to sink in. The flash cards were very helpful as well.
Thank you very much...I just saved over $3,000. and an extra semester!!
Sincerely -Jim R.
far, after studying your guides, I have passed Principles of Accounting
with a score of 73 from a possible of 78 (six semester hours of
credit). - Cliff L.