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Ch 9: CLEP Financial Accounting Flashcards

About This Chapter

These flashcards provide a comprehensive overview of the accounting cycle, accounting for merchandising and more. Feel confident in your knowledge of concepts covered in the CLEP Financial Accounting course and ensure you're ready to excel on a test or assignment by browsing these flashcards.

CLEP Financial Accounting Flashcards - Summary

If you need a quick refresher of topics covered in the CLEP Financial Accounting course, you've reached the right place! These flashcard sets enable you to use repetition and memorization skills to deepen your knowledge of financial statements, liabilities and other financial accounting concepts. Among topics covered in these flashcards are the following:

  • Accounting basics
  • Financial statements in accounting
  • Accounting cycle mechanics
  • Preparing financial statements and adjusting accounts
  • Internal controls in accounting
  • Accounting for merchandising
  • Current and long-term liabilities in accounting

How They Work

Flashcards making it easy to absorb key details presented in the CLEP Financial Accounting course, and they allow you to set aside topics that require additional study time.

  • Open a flashcard set for the financial accounting topic you're studying.
  • Identify the word or concept on the flashcard.
  • Click the button to flip the card and view the answer.
  • Select whether you got it right or missed it to keep track of your progress.
  • Click the Next arrow to proceed through the flashcard set.
  • Review the cards you missed or shuffle all cards back in and go through them again.

7 Lessons in Chapter 9: CLEP Financial Accounting Flashcards
Accounting Overview Flashcards

Accounting Overview Flashcards

Balance sheets, assets, expenses and income. What does it all mean and how does it relate to business? This flashcard set will prepare you for your Accounting Overview exam.

Financial Statements in Accounting Flashcards

Financial Statements in Accounting Flashcards

Work with these flashcards when you're ready to review the different financial statements used in accounting. You'll be able to focus on the formulas used in many of these statements.

Mechanics of the Accounting Cycle Flashcards

Mechanics of the Accounting Cycle Flashcards

Work with these flashcards in order to focus on the mechanics associated with the accounting cycle. Go over different accounts and important accounting ratios.

Adjusting Accounts & Preparing Financial Statements Flashcards

Adjusting Accounts & Preparing Financial Statements Flashcards

Deeper into the accounting process we go! These flashcards will help you dust off your knowledge base of how to adjust accounts and prepare financial statements.

Internal Controls in Accounting Flashcards

Internal Controls in Accounting Flashcards

You can use these flashcards to review some of the internal controls used in accounting. You'll also find cards that go over the steps that are involved in an audit.

Accounting for Merchandising Flashcards

Accounting for Merchandising Flashcards

Profits, market values, and net inventory valuation are the main ideas covered in this flashcard set. If you are ready to test your knowledge on these concepts, jump right in.

Current & Long-Term Liabilities in Accounting Flashcards

Current & Long-Term Liabilities in Accounting Flashcards

You can work with these flashcards to go over both current and long-term liabilities and how they are viewed in accounting. Focus on bonds and other liabilities with these cards.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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