Review cash flows, inventory, financial statements, and more with this CLEP Financial Accounting course. Our short video lessons and self-assessment quizzes can help you prepare to get a passing grade on the CLEP Financial Accounting exam.
Excellent prep for Dantes and Clep tests. Follow the course, take all the tests then take several practice exams and you have an excellent chance of passing. The questions are in the same format as the Dante/Clep tests just different questions of course. However, the videos/reading provides you with the information that will be covered on the actual Dante's/Clep tests. Took 6 tests and passed six tests the first time.
I took the Educational Psych and Sociology courses. Because of these two courses I passed both CLEP exams with ease. Thanks for the good courses :)
This was the most helpful studying service I have ever received. I have tried multiple services, lots of studying on my own, and flash cards. I have failed many times and couldn't do better. This was the one that helped me the most and at the end I finally passed.
The app is simple and the practice tests helped me know specifically what I needed to study. Passed my test with flying colors thanks to study.com!
Perfect for what I needed it for! The quizzes and lessons were thorough and I got in a few practice tests before my real one.
The College Level Examination Program (CLEP) is a series of tests overseen by The College Board. These exams are used to determine the content knowledge of college students, and those who score high enough can obtain course credit in related areas at colleges and universities that accept CLEP scores. The CLEP Financial Accounting exam is used to demonstrate a college-level understanding of accounting. The engaging and fun video lessons in this CLEP Financial Accounting course feature all the topics you would find in a first semester financial accounting course. The on-screen graphics and animations in our CLEP Financial Accounting class will help you visualize the processes for creating balance sheets and income statements and solidify your understanding of receivables, inventory, internal controls, asset planning, and financial statement analysis.
This CLEP Financial Accounting course is designed to prepare you for the CLEP Financial Accounting exam, covering all of the topics outlined in the official test materials provided by The College Board. Our professional instructors created this comprehensive course to help you master these objectives. Some of the topics covered in this course are listed below:
Learn about the purpose of accounting, generally accepted accounting principles, ethical accounting, and technology in accounting.
Study balance sheets, income statements, and cash flow statements.
Find out how to prepare different financial statements and about the auditing process.
Understand accounting equations, source documents, categorizing transactions, and recording business transactions.
Acquire knowledge of debits, credits, journal entries, the trial balance, and determining a company's performance based on financial statement ratios.
Examine periodic reporting, the time period principle, accrual accounting, cash-basis accounting, adjusting accounting, and recording closing entries.
Study real vs. nominal accounts and the post-closing trial balance.
Find out about internal controls, safeguards, and bank reconciliation.
Understand technology and internal control, the limitations of internal control, the Sarbanes-Oxley Act, and the Securities and Exchange Commission.
Learn about merchandising activities and study cost of goods sold, inventory systems, the perpetual system, and inventory errors.
Study accounts receivable, revenue recognition, the allowance method, notes receivable, and disposing of receivables.
Examine employee compensation, taxes, environmental liabilities, and operations of an income statement.
Access the 9 chapters that make up this CLEP Financial Accounting course on your smartphone, computer, or tablet at any time. Along with each lesson, you'll also find a self-assessment quiz. We've included comprehensive tests at the end of each chapter as well.
CLEP Financial Accounting Information
The CLEP Financial Accounting is an exam for students looking to earn credit in accounting classes. Some of the exam's questions are pretest questions, and these do not count toward one's overall score. Here is an overview of the test's format:
Our CLEP Financial Accounting course will help you go over the information you need to know to successfully complete the CLEP Financial Accounting exam. These lessons are supported by experts in the field, who are available to answer your questions as you complete this course. The lessons in our CLEP Financial Accounting class are short and focused, so you can easily review bite-sized material that is relevant to your needs. Additionally, we provide self-assessment quizzes and tests throughout the course, allowing you to easily monitor your progress.
CLEP Financial Accounting is a registered trademark of The College Board which is not affiliated with Study.com.
Passing the CLEP Financial Accounting Exam leads to three transferable college credits that you can use to graduate faster by cutting the amount of time you spend in college (and the cost of your degree) in half. Using the lessons in this course is the most effective way to prepare for the exam and earn credits quickly.
About 11.5 hours of instruction are included in this course. You'll be able to choose a study schedule that works best for you, since these lessons are self-paced. We've included a timetable to help you determine the right time to schedule your CLEP exam. You'll want to call and schedule your exam in advance so you get the time slot that you want.
Every lesson in CLEP Financial Accounting Prep is accompanied by a short quiz to assess your mastery of the material. It can be taken any number of times for your own practice.
All quizzes on Study.com:
are multiple choice
are written by subject matter experts
offer explanations of missed questions to help you learn
Course and Chapter Practice Tests
Each of the 7 main chapters in CLEP Financial Accounting Prep comes with an optional Practice Test, as well as an
overall Practice Test. Once you take the test, you will receive a detailed report complete with your personal statistics
and even specific lessons to focus on.