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Accounting & FinanceObjective TestPopular

Accounting II

Advanced accounting: corporate accounting, manufacturing, departmental accounting, and managerial decision-making.

About this event

Accounting II picks up where Accounting I ends. The test focuses on corporate equity (stocks, dividends, retained earnings), manufacturing and cost accounting (process vs. job-order), departmental accounting, partnerships, and managerial topics like budgeting and CVP analysis. Strong score requires deep familiarity with Accounting I plus comfort with cost allocations and contribution-margin math.

Test day

What to expect

60 minutes, 100 questions

You have 60 minutes to answer 100 multiple-choice questions. Each question has four options (A, B, C, D) with exactly one correct answer. There is no penalty for wrong answers -- always fill in your best guess.

Computer-graded, instant results

Tests are machine-scored. Questions are drawn from the official FBLA topic outline for this event, distributed proportionally across all topic areas. Expect a mix of recall (definitions, formulas), application (scenario-based), and analysis questions.

Top scorers advance

The highest-scoring competitors at each regional advance to the state competition. State winners compete at the National Leadership Conference (NLC). Study the official FBLA topic outline -- it lists the exact subject areas and their approximate weight on the test.

What's on the test

Corporate equityBonds payableManufacturing accountingJob-order vs. process costingCost-volume-profit analysisBudgeting & varianceDepartmental accountingPartnership accountingStatement of cash flows (indirect/direct)Ratio analysis

Study resources

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