Financial Accounting CLEP

[mlwilliamsiv]

Has anyone taken the Financial Accounting CLEP in the last 90 days or so? I've gone through the Specific Exam Feedback section about 4 times! Just wanted to hear some more "updated" tips and advice from those who took this CLEP relatively recently.

The questions that I do have as of now are:

-Does the exam consist of terminology questions?
-Does the exam consist of scenario-type questions?
-What part should I "mainly" focus on? (Meaning what parts of the exam should I know "cold" before I sit for this exam?)

I also just wanted to hear from others what their experiences were in taking this exam, how well they did on it, and what resources they used to prepare for this exam.

So far I have only gone through the first section of the IC questions. I also am reading the Barron's Business Review on Accounting (Fifth Edition) by Peter J. Eisen.

This exam just seems to be more complex than the other CLEPS that I've taken thus far. I have to take this CLEP no later than the end of the month so I can register for the Managerial Accounting course at my local cc. Financial Accounting is the prereq for Managerial Accounting. The deadline for summer registration is June 6. I plan on taking this exam on Thursday, May 29.

My goal is to complete my Associates Degree from TESC by the end of the year. The deadline at TESC to have all credits turned in is October 1, in order to meet the December 2008 graduation. So if I "fail" this exam, I'll have to wait till September to take the Managerial Accounting course.

Any help I can get will be greatly appreciated.

Thanks in advance and peace be with you all.

From a loyal degree seeker,

Marshall