Accounting I


Category: Objective Test

Type: Individual

Grade Level: 9-12

Event Guidelines

Participants must furnish their own laptop. This test will be taken online at the conference. No graphing or financial calculators, phones, or other memory storage devices are allowed.

Competency:

  • 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

Eligibility:

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.

Judging

Ties will be broken based on the time tests were submitted followed by the last 10 questions. All 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.