About this event
Accounting (formerly Accounting I) tests the fundamentals: accounting standards, the full accounting cycle, accounts payable and receivable, tax accounting, and preparing and reading financial reports. It is meant for students early in their accounting studies: to be eligible you can have completed no more than two semesters of high school accounting (one full year on a block schedule). How it runs: this is an individual objective test and nothing else. You take a proctored, online test of 100 multiple-choice questions in 50 minutes. Study materials are not allowed, and a calculator is built into the testing platform. Each correct answer is worth one point with no penalty for wrong answers, and your test score is your result.
FormatObjective Test
Duration50-minute online test, 100 multiple-choice questions
Solo or teamIndividual
CategoryAccounting & Finance
Your plan
How to study
Built from the official topic outline. Take the check and read every lesson here with no account; a free account keeps your progress and opens flashcards, practice and full tests.
Find your weakest area
Take the 8-question check below: one question from each of the 8 areas. It tells you where to start.
Start the checkLearn every area
Every area of the official topic outline is below. Each has a short lesson, flashcards and practice, plus free reading.
See the areasPractice until every bar is full
Practice gives you one question at a time and leans toward the areas you miss. Your readiness meter fills as you get them right in every area.
PracticeTake a full test at the real pace
100 questions in 50 minutes, the official length. Your readiness meter counts your last 3 full tests from the past 30 days, and 90% fills each one.
Take a practice test
The areas of the test
Foundations of Accounting
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 1.1: Explain the Importance of Accounting and Distinguish between Financial and Managerial Accounting (opens in a new tab)
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 3.2: Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions (opens in a new tab)
- Book · OpenStaxIntroduction to Business 2e, Sec. 14.3: Basic Accounting Procedures (opens in a new tab)
Standards and Compliance
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 3.1: Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements (opens in a new tab)
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 8.7: Describe Fraud in Financial Statements and Sarbanes-Oxley Act Requirements (opens in a new tab)
- Book · OpenStaxPrinciples of Accounting, Volume 2, Sec. 1.4: Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards (opens in a new tab)
The Accounting Cycle
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 3.3: Define and Describe the Initial Steps in the Accounting Cycle (opens in a new tab)
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 4.2: Discuss the Adjustment Process and Illustrate Common Types of Adjusting Entries (opens in a new tab)
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 5.1: Describe and Prepare Closing Entries for a Business (opens in a new tab)
Accounts Payable and Receivable
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 9.2: Account for Uncollectible Accounts Using the Balance Sheet and Income Statement Approaches (opens in a new tab)
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 12.1: Identify and Describe Current Liabilities (opens in a new tab)
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 7.4: Prepare a Subsidiary Ledger (opens in a new tab)
Tax Accounting
Financial Reports
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 2.1: Describe the Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows, and How They Interrelate (opens in a new tab)
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 2.3: Prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet (opens in a new tab)
- Article · U.S. Securities and Exchange CommissionSEC: Beginners' Guide to Financial Statements (opens in a new tab)
Technology and Accounting
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 7.1: Define and Describe the Components of an Accounting Information System (opens in a new tab)
- Book · OpenStaxWorkplace Software and Skills, Sec. 12.3: Integrating Microsoft Excel and Accounting Programs (opens in a new tab)
- Book · OpenStaxWorkplace Software and Skills, Sec. 12.2: Financial Functions in Microsoft Excel (opens in a new tab)
Career Opportunities
- Book · OpenStaxPrinciples of Accounting, Volume 1, Sec. 1.5: Describe the Varied Career Paths Open to Individuals with an Accounting Education (opens in a new tab)
- Reference · U.S. Bureau of Labor StatisticsBLS Occupational Outlook Handbook: Accountants and Auditors (opens in a new tab)
- Reference · U.S. Bureau of Labor StatisticsBLS Occupational Outlook Handbook: Bookkeeping, Accounting, and Auditing Clerks (opens in a new tab)
Free reading comes from open textbooks, government health and business sites, free courses and professional associations, never a copy of a book or a test. Every link was checked on November 9, 2026.
Start here
Find your weakest area
8 questions, one from each of the areas of the Accounting test. Each one is graded the moment you answer, with the reason, and the last screen tells you which area to study first. No account needed.
Test day
What to expect
50 minutes, 100 questions
You have 50 minutes to answer 100 multiple-choice questions. Each correct answer is worth one point and there is no penalty for wrong answers, so always fill in your best guess.
Machine-scored
Tests are machine-scored. Questions are drawn from the official FBLA topic outline for this event, across all of its topic areas. Expect a mix of recall (definitions, formulas), application (scenario-based), and analysis questions.
Top scorers advance
Top finishers at regionals advance to states, and top finishers at states qualify for the National Leadership Conference (NLC). How many advance depends on your state's rules. Study the official FBLA topic outline, which lists the subject areas the test covers.
Test format
- Time limit50 minutes
- Questions100 multiple choice
- OptionsA, B, C, D, one correct
- GuessingNo penalty, always answer
- CalculatorBuilt into the test
- IndividualSolo event
Competition levels: Regional Leadership Conference, then State Leadership Conference, then National Leadership Conference
Guidelines and resources
Bookmark to saveCurated by ChapterPrep. Free unless noted. External links open in a new tab.