Principles Of Accounting - The End Is Near

[jwturner421]

Snazzlefrag--Thank you for your helpful post. I've been trying to understand some of the more esoteric concepts while in reality I should be focusing on BASICS. Most of the questions I missed on the Peterson test were due to my not picking up a small point, perpetual vs periodic for inventory calculations for example. The test is 78 questions. I know we do not know how they score it, but does not Collegeboard claim that the CLEP test is designed so that the average person with an average grasp of the material can answer half the questions and pass?

I believe that I have the basics down or know enough to eliminate wrong answers and make an educated guess. I'm stressing over the test because the range of material to choose questions from is so broad it feels impossible to prepare for it. This is my first CLEP test, so I do not know what to expect.

I will run through Principles of Accounting again and IC tonight and focus on areas that I still feel uncomfortable that relate to concepts and less on the minutia.