Accounting I

Category: Objective Test

Type: Individual

Grade Level: 9-12

Event Guidelines

Participants must furnish their own No. 2 pencils and erasers and their own calculators. No graphing or financial calculators, phones, or other memory storage devices are allowed.


  • Journalizing
  • account classification
  • terminology
  • concepts, and practices
  • types of ownership
  • posting
  • income statements
  • balance sheets
  • worksheets
  • bank reconciliations
  • payroll
  • depreciation
  • manual and computerized systems
  • ethics


All FBLA members in Grades 9 through 12 who have not completed more than two (2) semesters or one (1) semester
in a block scheduling program of high school accounting instruction nor are enrolled in or have completed any
additional accounting courses are eligible to compete. Students enroll


The test will be machine graded. Ties will be broken based on the order the tests were returned. All judges’ decisions are final.

Who Goes to Nationals?

The first-, second-, and third-place winners of this event will represent Nebraska in the Accounting I event at the National Leadership Conference, providing they have not entered this event at a previous National Leadership Conference.