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+--- Thread: Financial Accounting CLEP (/Thread-Financial-Accounting-CLEP--11618)
Financial Accounting CLEP - logintel - 01-06-2011
Hi,
I am new to InstantCert. I have taken CLEP tests before and have had good luck with the REA books along with used textbooks from Amazon Marketplace for study material. I've earned credit for Micro-Economics, Psychology, Sociology, and Marketing. I've tried the same method with Financial Accounting but have one major problem. I keep falling asleep while studying. I have turned to InstantCert in hopes of a more stimulating experience. If I pass the Accounting exam I am done with my BS Information Technology. If anyone has any useful tips about this exam please share your thoughts. Thanks!
Financial Accounting CLEP - MISin08 - 01-06-2011
Welcome to the forum, and congratulations on your CLEP successes! Financial Accounting was the one exam I didn't use IC for and instead relied on the REA. I've worked in accounting in a bank (which is not like accounting anywhere else) and you'll see below it was my lowest score. The best advice I have is try to think of accounting concepts spatially and relationally -- if you can grasp database normalization, Accounting is within your reach.
Phillip
Financial Accounting CLEP - logintel - 01-06-2011
Congrats on your Clep success as well! Impressive. So I guess you have experienced the "Balloon Party" scenario in the REA guide. By normalization do you mean the balance of debits and credits in the fundamental accounting equation?