CLEP Financial Accounting Exam Prep

Practice Quiz presents 20 free review questions and explanations for the CLEP Accounting college credit equivalency given by the College Board.

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The College Level Examination Program (CLEP) Financial Accounting exam is administered by the College Board to assess high school students\' proficiency in the area of Accounting. Students can expect to see the topics covered on the exam in their first semester of a college Accounting course. The CLEP exam gauge\'s the applicant\'s familiarity with accounting concepts and terminology. Colleges may give entering students credit at their discretion if the student scores above a 50. The total points an applicant can receive is 80. Once taken, an applicant must wait six calendar months before registering for a re-test.

There are around 75 questions that students must answer in the 90 minute time frame. The test is completed computerized, and the questions cover the following areas:

·{C}         Statement of Cash Flows

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