03-25-2015, 09:30 AM
Hey guys!
So I started my degree plan at the end of January and have completed quite a few CLEPs and one DSST so far. Most recently I just passed the CLEP for Financial Accounting.
Most people on the Degree Forum seem to go for Straighterline for Accounting 1 and 2, but I was not comfortable with the ProctorU process, thus I decided to go a different route. Accounting 1 was easy, as the CLEP covers that and there are a bunch of resources for it, but getting credit for managerial accounting/accounting 2 is going to be a little more tricky.
Before moving on, I want to explain how I studied for the Financial Accounting CLEP, which I passed with a 72. For one week I studied using accountingcoach.com's financial accounting list of topics. I studied them in the recommended order. I would skip over the following sections as they are not tested on: present value, LCM, non-profits, and accounting careers. The following week, I used the 3 Peterson's practice exams and the one official practice exam for the Collegeboard. I'd take one exam, review it the next day, and repeat. I got up to 80-ish % on the Peterson's exams and the official practice exam. and that's it. One week of initial learning, another week of testing/reviewing, and that's how I passed with a 72.
So, I decided I'm going to be the guinea pig and take the Uexcel for managerial accounting. I'm sure others have taken it before, but no one has really talked about it, so I'll make sure to give my feedback and such after I take it.
To prepare, I'm going to use accountingcoach.com again. Then, I will scour the internet for practice quizzes/exams for intro-level managerial accounting courses, as Peterson's doesn't have practice exams for this Uexcel (or any Uexcel for that matter???). Then, I will take the official Uexcel practice exam, and review accordingly off of that prior to taking the actual test.
So I started my degree plan at the end of January and have completed quite a few CLEPs and one DSST so far. Most recently I just passed the CLEP for Financial Accounting.
Most people on the Degree Forum seem to go for Straighterline for Accounting 1 and 2, but I was not comfortable with the ProctorU process, thus I decided to go a different route. Accounting 1 was easy, as the CLEP covers that and there are a bunch of resources for it, but getting credit for managerial accounting/accounting 2 is going to be a little more tricky.
Before moving on, I want to explain how I studied for the Financial Accounting CLEP, which I passed with a 72. For one week I studied using accountingcoach.com's financial accounting list of topics. I studied them in the recommended order. I would skip over the following sections as they are not tested on: present value, LCM, non-profits, and accounting careers. The following week, I used the 3 Peterson's practice exams and the one official practice exam for the Collegeboard. I'd take one exam, review it the next day, and repeat. I got up to 80-ish % on the Peterson's exams and the official practice exam. and that's it. One week of initial learning, another week of testing/reviewing, and that's how I passed with a 72.
So, I decided I'm going to be the guinea pig and take the Uexcel for managerial accounting. I'm sure others have taken it before, but no one has really talked about it, so I'll make sure to give my feedback and such after I take it.
To prepare, I'm going to use accountingcoach.com again. Then, I will scour the internet for practice quizzes/exams for intro-level managerial accounting courses, as Peterson's doesn't have practice exams for this Uexcel (or any Uexcel for that matter???). Then, I will take the official Uexcel practice exam, and review accordingly off of that prior to taking the actual test.
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