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Principles of Accounting CLEP test Ebook

Financial Accounting CLEP test
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Ebook cover: Principles of Accounting CLEP test

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Title: Principles of Accounting CLEP test
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The Financial Accounting CLEP test covers all the accounting bases. You'll learn the all the principles, theories and rules on how to record, report and deduct various items. This ebook is already updated for the new changes to the CLEP program that will take place later this year.

Download our gift to you, Study Tips for CLEP Students, to get you started. Detailed information in this ebook includes:

  • What Your Score Means
  • Valuation of Securities at Acquisition
  • Valuation of Securities After Acquisition
  • Valuation of Inventories
  • Valuation of Accounts and Notes Receivable
  • Use of Differential (Relevant) Cost
  • Unit of Account
  • Uncollectible Accounts
  • Trial Balance after Adjusting Entries
  • Treasury Stock
  • Timing of Revenue Recognition
  • Timing of Expense Recognition
  • Test-Taking Strategies
  • T-Account
  • Straight Line Method
  • Stock Dividends
  • Statement of Cash Flows
  • Stated Fractional Basis
  • Standard Costs and Variances
  • Specific Identification and the Need for Cost Flow Assumption
  • Shareholder's Equity Valuation and Disclosure
  • Sample Test Questions
  • Salary and Interest Allowances
  • Rules of Double-Entry Accounting
  • Retained Earnings
  • Reporting of Depreciation on the Financial Statements
  • Relation between Balance Sheet and Income Statement
  • Ratio of Capital Investments
  • Profitability Analysis
  • Process and Job Order Systems
  • Process Costing
  • Presentation Format Issues with the Income Statement
  • Preparing the Income Statement
  • Preferred Stock
  • Performance Evaluation
  • Percentage-of-Completion Method
  • Pattern of Expiration of Costs
  • Owner's Equity
  • Overview of the Accounting Process
  • Modified Accelerated Cost Recovery System (MACRS)
  • Managerial Accounting
  • Long Term Liabilities
  • Liquidity, Solvency, & Activity Analysis
  • Liability Valuation
  • Liability Recognition
  • Liabilities
  • LIFO Layers
  • Job-Order Costing
  • Investments
  • Intangible Assets such as Patents and Goodwill
  • Installment Method
  • Initial Costs of Plant and Assets
  • Income Statement
  • Income Recognition before the Sale
  • Income Recognition after the Sale
  • Generally Accepted Accounting Principles
  • GAAP Accepted Asset Valuation Basis
  • Financial Statements
  • Financial Statement Analysis
  • Estimating Service Life
  • Estimating Salvage Value
  • Dual Effects of Transactions on the Balance Sheet Equation
  • Division of Profits and Losses in Partnership Accounting
  • Direct write-off Method
  • Direct Costing and Absorbing Costing
  • Depreciation
  • Depreciable Value of Plant Assets
  • Depletion
  • Declining-Balance Methods
  • Debit and Credit
  • Cost-Volume Profit (Breakeven Analysis)
  • Cost-Recovery-First Method
  • Cost Basis for Inventory
  • Consolidated Statements
  • Completed Contract Method
  • Common Stock
  • Closing of Temporary Accounts
  • Cash and Stock Dividends
  • Cash Dividends
  • Cash Basis of Accounting
  • Bonds
  • Balance Sheet
  • Asset Valuation
  • Asset Recognition
  • Asset Classification
  • Amortization
  • Allowance Method
  • Adjusting Entries
  • Acquisition and Disposal of Long-Term Assets
  • Accrual Basis of Accounting
  • Accounting for Treasury Shares
  • Accounting for Irregular Items
  • Accounting Cycle
  • Accelerated Method
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