Financial Accounting CLEP

[Gordon_Rhodes]

I passed with a 62 today on my second attempt!
You really have to give this test the time and respect it requires to pass.
I probably studied on and off (including the initial 2 weeks) for 8 weeks to pass this. 
On my first attempt I only scored a 43.  I used Modern States to get the CLEP voucher and did all the work they recommended, however, I did not find that Modern States completely prepared me for the exam.
I recommend:

• using Modern States for the voucher, and the lessons provided
  
• use InstantCert and really master your flashcards
  
•  Matt Fishers videos on YouTube were very helpful for me:     https://www.youtube.com/user/mattfisher64/featured
  
• I also took the three Peterson's exam, they're much harder than the CLEP and help to prepare you
  

What I remember from the test:
Lots of debit and credit questions, which accounts go up with debit or down with credit
calculating interest payable on notes and assigning it to correct accounts
know your GAAP, a few questions on what principle applies here
so many COGS questions
ratios: gross margin and debt to equity
lots of cash flow, know the difference between direct and indirect and how NI is calculated

Good Luck!