Accounting.
Financial statements, the accounting cycle, and sound financial decisions.
Build a solid foundation.
Understand the story behind the numbers. Start with the topics below, then test your understanding with deliberate practice.
Individual objective test. The objective test contains 100 questions in 50 minutes.
Designed for students with no more than two traditional semesters of high-school accounting, or the block-schedule equivalent, completed by May 1, 2027. Check the official eligibility wording with your adviser.
- 01Foundations of Accounting10%
- 02Standards and Compliance5%
- 03The Accounting Cycle40%
- 04Accounts Payable and Receivable10%
- 05Tax Accounting10%
- 06Financial Reports5%
- 07Technology and Accounting10%
- 08Career Opportunities10%
Which equation expresses the basic accounting relationship?
Reveal the answer
Assets = Liabilities + Equity
Assets are resources financed by creditors and owners. The accounting equation remains balanced after each correctly recorded transaction.
Explore concept explanations and examples →
Your preparation checklist
- Read the current event guidelines and identify the knowledge areas.
- Practice a small set of questions and review each explanation.
- Use flashcards to return to concepts you find difficult.
- Review your results and choose one area for the next session.