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CLEP Financial Accounting Practice Tests
Get a jump start on earning college credit with our CLEP Financial Accounting Practice Tests

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Your CLEP Financial Accounting Practice Tests Include:
- 3 Full-Length Practice Tests
- 225 Practice Questions
- Detailed Answer Explanations
- Test Taking Tips
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TEST PREP THAT ENSURES
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Peterson's CLEP courses and practice tests will guide you through lessons written by our test prep experts and give you access to 3 full-length practice tests with detailed answer explanations so you can confidently pass your exams and earn college credit at a fraction of the price.
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Practice Tests
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Detailed answer explanations for every question will guide your learning, make your study efforts more impactful, and lead you closer to your best score.
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Peterson's has helped thousands pass their exams and achieve their goals through our test prep courses, study materials, and practice tests. On top of that, our blog and YouTube channel are packed with free study tips and resources to help you succeed.

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How Tayah Earned 52 College Credits
Tayah increased her confidence in her CLEP exams using Peterson's CLEP Test Prep. The result? She earned 52 credits by passing several CLEP and DSST exams and accomplished her goal of graduating from college early! The best part? She saved thousands of dollars and didn’t have to step foot in a classroom.
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Extremely thorough, goes way above the minimum needed to pass to ensure you are prepared with the toughest of answers. The detailed explanations to every answer was very valuable.
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DO YOU HAVE ANY QUESTIONS?
Top CLEP Financial Accounting FAQs
- The CLEP Financial Accounting test assesses your knowledge of the content covered in an introductory financial accounting course.
- The CLEP Financial Accounting exam assesses a student’s knowledge of the following concepts:
- General Topics
- The Income Statement
- The Balance Sheet
- Statement of Cash Flows
- Miscellaneous
- Anyone seeking college course credit can take CLEP exams. Home-schoolers, military personnel, and adult learners are typical CLEP test-takers, but exams are also open to college and high school students.
- You’ll receive two exam scores for the Financial Accounting CLEP: raw and scaled scores. Scaled scores range from 20 to 80. Your raw score is calculated based on how many answers you get right. There is no penalty for wrong answers, so guessing is encouraged. A computer scores multiple choice exams.
- CLEP exams test you on the equivalent of an entire college semester’s curriculum in approximately 90 minutes. While the idea is to test you on material you are very familiar with, some practice on the content and the test itself is in order as a satisfactory score earns you the college credit you’re after. While everyone is different, Peterson’s recommends at least 6 weeks of CLEP Financial Accounting prep for exam day.
- Peterson’s Financial Accounting CLEP exam prep prepares you for the questions you can expect on the exam with three online practice tests and a review of content areas included in the exam. You can also access our Financial Accounting CLEP study guide, which provides exam details, content featured on the exam, study tips, and instructions on how to prepare for the exam. With Peterson’s test prep, you’ll have access to everything to help you study and prepare for your Financial Accounting CLEP exam.
- Peterson’s offers three full-length Financial Accounting CLEP practice tests for subscribers. You can also access our CLEP Financial Accounting Study Guide which reviews concepts presented on the exam and tips for how to prepare for the exam.
- The Financial Accounting CLEP and all CLEP exams are administered online by the College Board. For step-by-step instructions on how to register for the Financial Accounting CLEP exam online, visit the College Board website.