The exam is taken over two days. Each day begins with a brief overview of financial statements. At this time you will review the basics of accounting and be shown how to use a spreadsheet to create and print financial statements. Throughout the day you will read financial statements, discuss financial data with your instructor, and take short tests.
The actual exam can be taken in two different settings. In one setting you are given a list of practice questions and you can select which ones you would like to answer. In the other setting you will be given a blank sheet of paper, a pencil, and your answers will be entered on it as you answer each practice question. You are allowed to check your answers while you are answering practice questions. There are times when the questions are worded differently so you must familiarize yourself with the correct way to answer the questions.
When you are answering the questions and entering your answers to the practice exam paper, the practice questions are checked off your answer sheet at the end of the examination. The final question is based upon your answer.
It is a good idea to take the final examination early in the semester so you have plenty of time to study for it. Studying for the exam is also an excellent idea if you have already taken and passed a previous accounting exam in high school or college.
If you are a college student who has completed the accounting exam and is preparing to take the actual exam, you should be aware that the exam is similar to that of the MCITP exams. and the GRE exams. The exam is based upon the topics covered in your classes and can be challenging. The final question you will be asked is a type of multiple choice test. This is different from the practice exam, which is not based on the topics covered in your classes.
The final examination is only one part of the entire exam. The other sections of the exam cover the topics covered in the financial statements, the preparation of the financial statement, the internal control measures and controls used, and the preparation and presentation of the income statement. and balance sheet. These topics are typically covered in the financial accounting courses.
Many companies offer to prepare the exam for their potential exam takers. However, it is strongly recommended that you prepare for the exam by taking one of the many preparation classes that are available.
Your score on the final examination will determine if you pass your certification. Therefore it is important to practice the exam as often as possible in order to make sure that you are as prepared as possible for the exam.
Some preparation classes are designed for students with little experience in accounting. While these classes can certainly give students an edge, they are usually not suitable for a college freshman who is just beginning his or her career. An introductory class can provide basic knowledge on the subject matter so that the more experienced student can pick up some skills at the same time.
A comprehensive course that covers the topics in the exam, practice the exam, and provides practice quizzes on the final examination can give the student an edge over the students who have little or no experience on the subject matter. If you have taken classes on accounting at any time before taking the exam then you should consider taking the exam again even if it was not your first.
Practice on the exam several times before you take the actual examination. This will help you understand the material and give you an edge over your peers. The more prepared you are for the exam, the better chance you have of passing.