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Peterson's CLEP courses will guide you through lessons written by our test prep experts so you can pass your exams with confidence and earn college credit at a fraction of the price.
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Practice Tests
Mimic test day, uncover your strengths, and supercharge your growth in weak areas. Boost your time management and strategy skills, and with detailed answer explanations, make every study session a step closer to your highest score.
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Peterson's has helped thousands of people pass their exams and achieve their goals through utilizing our test prep courses, study materials, and practice tests. On top of that, our blog and YouTube channel is packed with free study tips and resources to help you succeed.
Detailed Explanation
Detailed answer explanations to every question will guide your learning, making your study efforts more impactful, and leading you closer to your best score.
CLEP Financial Accounting practice tests help you simulate test environment, inform your study plan, and track your progress.
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Curtis passed his CLEP exams with flying colors because of Peterson's CLEP test prep and CLEP practice tests.
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Extremely thorough, goes way above the minimum needed to pass to ensure you are prepared with the toughest of answers. The detailed explanations were valuable.
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The practice tests are wonderful. They are very accurate to the test. I took the test I practiced for and it was so accurate! I was very pleased.
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DO YOU HAVE ANY QUESTIONS?
CLEP Financial Accounting FAQs
What is the Financial Accounting CLEP?
The CLEP Financial Accounting test assesses your knowledge of the content covered in an introductory financial accounting course.
What’s on the Financial Accounting CLEP?
The CLEP Financial Accounting exam assesses a student’s knowledge of the following concepts:
General Topics
The Income Statement
The Balance Sheet
Statement of Cash Flows
Miscellaneous
Who takes the Financial Accounting CLEP?
Anyone seeking college course credit can take CLEP exams. Home-schoolers, military personnel, and adult learners are typical CLEP test-takers, but exams are also open to college and high school students.
How is the Financial Accounting CLEP scored?
You’ll receive two exam scores for the Financial Accounting CLEP: a raw score and a scaled score. Scaled scores range from 20 to 80. Your raw score is calculated based on how many answers you get right. There is no penalty for wrong answers, so guessing is encouraged. Multiple choice exams are scored by a computer.
Should I prep for the CLEP Financial Accounting? And how much?
CLEP exams test you on the equivalent of an entire college semester’s worth of curriculum in approximately 90 minutes. While the idea is to test you on material you are very familiar with, some practice on the content and test itself is in order as a satisfactory score earns you the college credit you’re after.
While everyone is different, Peterson’s recommends at least 6 weeks of CLEP Financial Accounting prep for exam day.
What’s the best way to study for the Financial Accounting CLEP?
Peterson’s Financial Accounting CLEP exam prep prepares you for the questions you can expect on the exam with three online practice tests and a review of content areas included on the exam. You can also access our Financial Accounting CLEP study guide which provides exam details, content featured on the exam, study tips, and how to prepare for the exam. With Peterson’s test prep, you’ll have access to everything to help you study and prepare for your Financial Accounting CLEP exam.
Can I take a Financial Accounting CLEP practice test online?
Peterson’s offers three full-length Financial Accounting CLEP practice tests for subscribers. You can also access our CLEP Financial Accounting Study Guide which provides a review of concepts presented on the exam, along with tips for how to prepare for the exam.
How do I register for the Financial Accounting CLEP?
The Financial Accounting CLEP, and all CLEP exams, are administered online through the College Board. For step-by-step instructions on how to register for the Financial Accounting CLEP exam online, visit the College Board website.
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