Questions? Speak to an advisor: Request Info

Accounting 302: Advanced Accounting

Questions about online credit?
Study.com Advisors are available.
Call us or request info by email.

Course Summary

Accounting 302: Advanced Accounting has been evaluated and recommended for 3 semester hours and may be transferred to over 2,000 colleges and universities. With this self-paced course, you get engaging lessons, expert instructors who make even the most challenging accounting topics simple, and an excellent resource for getting a head start on your degree.
Create An Account
To Start This Course Today
Used by over 30 million students worldwide
Create An Account
Try it free for 5 days
17 Chapters in Accounting 302: Advanced Accounting

17 chapters in Accounting 302: Advanced Accounting

Week {{::cp.getGoalWeekForTopic(0, 17)}}
Ch 1. Business Ownership Types {{cp.topicAssetIdToProgress[89874].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - What Is Sole Proprietorship: Definition, Advantages & Disadvantages Score: {{cp.lessonAssetIdToProgress[13430].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13430].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - General Partnership: Definition, Advantages & Examples Score: {{cp.lessonAssetIdToProgress[13434].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13434].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - What Is a Limited Partnership? - Definition, Advantages & Disadvantages Score: {{cp.lessonAssetIdToProgress[13435].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13435].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - What Is a Limited Liability Partnership? - Definition, Advantages & Disadvantages Score: {{cp.lessonAssetIdToProgress[13436].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13436].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - What Is a Limited Liability Company? - Definition, Benefits & Examples Score: {{cp.lessonAssetIdToProgress[13437].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13437].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - What Is Corporate Structure? - Definition, Types & Examples Score: {{cp.lessonAssetIdToProgress[8752].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8752].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - What is a Nonprofit Corporation? - Definition & Example Score: {{cp.lessonAssetIdToProgress[89875].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89875].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - The Role of Cooperatives in Business Score: {{cp.lessonAssetIdToProgress[12718].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12718].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Merchandising Company: Definition, Activities & Income Components Score: {{cp.lessonAssetIdToProgress[23183].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23183].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(1, 17)}}
Course Progress Best Score
Lesson 1 - What Is Accounting? - Purpose, Importance & Relationship to Business Score: {{cp.lessonAssetIdToProgress[9165].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9165].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What Is GAAP? - The Generally Accepted Accounting Principles Score: {{cp.lessonAssetIdToProgress[9167].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9167].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - The Accounting Cycle: Definition, Steps & Examples Score: {{cp.lessonAssetIdToProgress[14299].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14299].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Source Documents in Accounting: Definition and Purpose Score: {{cp.lessonAssetIdToProgress[10852].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10852].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - What Is Double-Entry Accounting? - Basics & Examples Score: {{cp.lessonAssetIdToProgress[15970].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15970].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Business Transaction: Definition, Types & Analysis Score: {{cp.lessonAssetIdToProgress[16043].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16043].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - What Are Accounts? - Definition and Use to Categorize Transactions Score: {{cp.lessonAssetIdToProgress[10854].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10854].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Understanding Debits and Credits in Accounting Score: {{cp.lessonAssetIdToProgress[10856].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10856].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Business Assets: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15850].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15850].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Accrued Expenses & Revenues: Definition & Examples Score: {{cp.lessonAssetIdToProgress[13689].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13689].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Direct & Indirect Expenses: Definition & Examples Score: {{cp.lessonAssetIdToProgress[89877].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89877].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Operating Expenses: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[15992].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15992].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - Net Loss: Definition & Formula Score: {{cp.lessonAssetIdToProgress[7507].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7507].bestScoreQuestions}}  Take Quiz Optional
Lesson 14 - Net Profit: Definition & Calculation Score: {{cp.lessonAssetIdToProgress[7535].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7535].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(2, 17)}}
Course Progress Best Score
Lesson 1 - Ledgers and Chart of Accounts: Definitions and Use Score: {{cp.lessonAssetIdToProgress[10855].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10855].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What Is a General Ledger? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[15982].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15982].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Subsidiary Ledger: Definition & Examples Score: {{cp.lessonAssetIdToProgress[16025].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16025].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - What Is a General Journal in Accounting? - Definition, Format & Examples Score: {{cp.lessonAssetIdToProgress[16020].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16020].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Journal Entries and Trial Balance in Accounting Score: {{cp.lessonAssetIdToProgress[10860].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10860].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Purchases Journal: Definition & Example Score: {{cp.lessonAssetIdToProgress[15960].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15960].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Cash Payments Journal: Definition & Example Score: {{cp.lessonAssetIdToProgress[16045].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16045].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Cash Receipts Journal: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15956].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15956].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Adjusting Entries: Definition, Types & Examples Score: {{cp.lessonAssetIdToProgress[16052].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16052].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(3, 17)}}
Course Progress Best Score
Lesson 1 - The Accounting Equation: Definition & Components Score: {{cp.lessonAssetIdToProgress[10851].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10851].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Using the Accounting Equation: Adding Revenues, Expenses & Dividends Score: {{cp.lessonAssetIdToProgress[10853].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10853].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Using the Accounting Equation: Analyzing Business Transactions Score: {{cp.lessonAssetIdToProgress[10858].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10858].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Accounting Profit: Definition & Formula Score: {{cp.lessonAssetIdToProgress[15731].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15731].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - How to Calculate Owner's Equity: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[16013].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16013].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - How to Calculate the Return on Equity: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[15828].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15828].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Prime Cost in Accounting: Definition & Formula Score: {{cp.lessonAssetIdToProgress[15983].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15983].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Direct Cost: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[16061].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16061].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - What Are Indirect Costs? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[15742].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15742].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Present and Future Value: Calculating the Time Value of Money Score: {{cp.lessonAssetIdToProgress[1984].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1984].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - How to Calculate Net Present Value: Definition, Formula & Analysis Score: {{cp.lessonAssetIdToProgress[16029].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16029].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(4, 17)}}
Course Progress Best Score
Lesson 1 - What Are Financial Statements? - Definition, Purpose & Importance Score: {{cp.lessonAssetIdToProgress[9170].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9170].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Purpose of Notes on Financial Statements Score: {{cp.lessonAssetIdToProgress[9174].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9174].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Using Accrual Accounting to Make Financial Statements More Useful Score: {{cp.lessonAssetIdToProgress[13686].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13686].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - The Balance Sheet: Purpose, Components & Format Score: {{cp.lessonAssetIdToProgress[9171].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9171].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - What Is an Income Statement? - Purpose, Components & Format Score: {{cp.lessonAssetIdToProgress[9172].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9172].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - The Statement of Cash Flows: Purpose, Format & Examples Score: {{cp.lessonAssetIdToProgress[9173].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9173].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Statement of Retained Earnings: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[16001].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16001].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Preparing the Basic Income Statement and Statement of Retained Earnings Score: {{cp.lessonAssetIdToProgress[9175].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9175].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - How to Prepare the Basic Balance Sheet and Statement of Cash Flows Score: {{cp.lessonAssetIdToProgress[12521].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12521].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Non-Current Liabilities on a Balance Sheet: Definition & Examples Score: {{cp.lessonAssetIdToProgress[7467].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7467].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - How to Record Notes Receivable on a Balance Sheet Score: {{cp.lessonAssetIdToProgress[89881].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89881].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Cost of Goods Sold on an Income Statement: Definition & Formula Score: {{cp.lessonAssetIdToProgress[7574].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7574].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - Typical Problems with Financial Information Score: {{cp.lessonAssetIdToProgress[15039].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15039].bestScoreQuestions}}  Take Quiz Optional
Lesson 14 - Challenges in Measuring Assets, Liabilities & Equities Score: {{cp.lessonAssetIdToProgress[89882].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89882].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(5, 17)}}
Course Progress Best Score
Lesson 1 - Financial Statement Analysis: Definition, Purpose, Elements & Examples Score: {{cp.lessonAssetIdToProgress[39379].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[39379].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Standards for Comparison in Financial Statement Analysis Score: {{cp.lessonAssetIdToProgress[54019].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54019].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Applying Horizontal Analysis Methods Score: {{cp.lessonAssetIdToProgress[54020].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54020].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Applying Vertical Analysis Methods Score: {{cp.lessonAssetIdToProgress[54021].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54021].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Using Financial Analysis to Assess Business Credit Status Score: {{cp.lessonAssetIdToProgress[89884].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89884].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Using Financial Analysis to Rate Debt Score: {{cp.lessonAssetIdToProgress[89885].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89885].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Issues with Financial Statement Analysis Score: {{cp.lessonAssetIdToProgress[54026].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54026].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(7, 17)}}
Course Progress Best Score
Lesson 1 - What Is Inventory? - Definition & Example Score: {{cp.lessonAssetIdToProgress[9527].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9527].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Items that Make Up Merchandise Inventory Score: {{cp.lessonAssetIdToProgress[23184].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23184].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Periodic Inventory System: Definition, Advantages & Examples Score: {{cp.lessonAssetIdToProgress[16053].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16053].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Perpetual Inventory System: Definition, Advantages & Examples Score: {{cp.lessonAssetIdToProgress[16055].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16055].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Inventory Cost: Definition, Methods & Types Score: {{cp.lessonAssetIdToProgress[23185].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23185].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Inventory Valuation Methods: Specific Identification, FIFO, LIFO & Weighted Average Score: {{cp.lessonAssetIdToProgress[18503].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18503].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Net Realizable Value of Inventory: Definition & Method Score: {{cp.lessonAssetIdToProgress[23196].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23196].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Calculating Beginning Inventory: Formula & Explanation Score: {{cp.lessonAssetIdToProgress[7575].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7575].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Calculate Ending Inventory: Formula & Explanation Score: {{cp.lessonAssetIdToProgress[7552].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7552].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Accounting for Inventory Purchases Score: {{cp.lessonAssetIdToProgress[23186].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23186].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Accounting for Inventory Sales Score: {{cp.lessonAssetIdToProgress[23189].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23189].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Required Assignments Reminder
Week {{::cp.getGoalWeekForTopic(8, 17)}}
Week {{::cp.getGoalWeekForTopic(9, 17)}}
Course Progress Best Score
Lesson 1 - Accounting for Employee Compensation: Payroll, Leave & Bonuses Score: {{cp.lessonAssetIdToProgress[53989].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[53989].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - How to Calculate Sales Commissions Score: {{cp.lessonAssetIdToProgress[46874].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[46874].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - How to Account for Sales, Property & Income Taxes Score: {{cp.lessonAssetIdToProgress[53990].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[53990].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Current & Long-Term Liabilities: Definition & Characteristics Score: {{cp.lessonAssetIdToProgress[53800].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[53800].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Estimated Liabilities: Definition & Types Score: {{cp.lessonAssetIdToProgress[53802].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[53802].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Known Liabilities: Definition & Types Score: {{cp.lessonAssetIdToProgress[53801].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[53801].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Accounting for Long-Term Liabilities Score: {{cp.lessonAssetIdToProgress[53805].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[53805].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Accounting for Contingencies & Environmental Liabilities Score: {{cp.lessonAssetIdToProgress[53991].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[53991].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Uncollectable Accounts, the Allowance Method & Bad Debt Score: {{cp.lessonAssetIdToProgress[31572].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[31572].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(12, 17)}}
Course Progress Best Score
Lesson 1 - Departmentalized Accounting System: Definition & Example Score: {{cp.lessonAssetIdToProgress[89897].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89897].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Departmental Purchases & Cash Payments in Accounting Score: {{cp.lessonAssetIdToProgress[89898].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89898].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Recording Departmental Purchase Returns & Cash Payments Score: {{cp.lessonAssetIdToProgress[89899].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89899].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Departmental Sales & Cash Receipts in Accounting Score: {{cp.lessonAssetIdToProgress[89900].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89900].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Recording Departmental Cash Receipts, Sales & Allowances Score: {{cp.lessonAssetIdToProgress[89901].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89901].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Departmental Payroll System: Terms & Practices Score: {{cp.lessonAssetIdToProgress[89902].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89902].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Completing Departmental Payroll Records in Accounting Score: {{cp.lessonAssetIdToProgress[89903].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89903].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Separating & Calculating Gross Profits by Department Score: {{cp.lessonAssetIdToProgress[89904].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89904].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - End-of-Period Worksheet: Definition & Example Score: {{cp.lessonAssetIdToProgress[89905].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89905].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Preparing Financial Statements for Departmentalized Businesses Score: {{cp.lessonAssetIdToProgress[89906].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89906].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(13, 17)}}
Week {{::cp.getGoalWeekForTopic(15, 17)}}
Learn More
Start Earning College Credit Today

Learn more about the College Accelerator Plan

What to Expect For the Exam

This Study.com course has been evaluated and recommended for college credit. Once you've completed this course, you can take the proctored final exam and potentially earn credit. Follow the steps below to take the exam.

Exam Steps

1
Create Account
2
Register For Exam
3
Take The Exam
4
Get Your Results

Pre-Exam Checklist

Before taking the exam, all of the following requirements must be met:

A College Accelerator Study.com membership.
Completed the entire Accounting 302: Advanced Accounting course and achieved 100% Course Progress.
Not attempted to take this exam within the last three days.
Have available proctored exams in this month of membership.
Complete the exam readiness quiz.
Start Exam Registration 

Please complete all of the pre-requirements in the Pre-Exam Checklist in order to take the exam.

Exam Process Details

1. Register For Exam

Registering for the exam is simple. First, be sure you meet the system requirements. Next, you'll need to agree to the academic integrity policy. Then just confirm your name and the exam name, and you're ready to go!

2. Download Software Secure

You'll receive an unique access code. Please write this down — you'll need it to take the exam. Then download Software Secure and follow the installation instructions.

3. Take Exam

The exam contains 50 - 100 multiple choice questions. You will have two hours to complete the exam, so don't start until you're sure you can complete the entire thing. And remember to pace yourself!

4. Get Exam Results

We will send you an email with your official exam results within 1 to 2 weeks.

Earning College Credit

Did you know… We have over 95 college courses that prepare you to earn credit by exam that is accepted by over 2,000 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Request more information

Tell us a little about you and we'll send you some more information.
Thanks for your interest!
We'll contact you soon.
support person image support person image
Prefer to call?
You can also call Study.com customer support at
(855) 777-4721
Support