Accounting II


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.

Competency:

  • Financial statements
  • corporate accounting
  • ratios and analysis
  • accounts receivable and payable
  • budgeting and cash flow
  • cost accounting and manufacturing
  • purchases and sales
  • journalizing
  • income tax
  • payroll
  • inventory
  • plant assets and depreciation
  • departmentalized accounting
  • ethics
  • partnerships

Eligibility:

All FBLA members in Grades 9 through 12 who have had more than one year of high school accounting instruction or
its equivalent are eligible to compete. Students enrolled in self-paced instructional programs should have covered
the content beyond a one-year accounting course. Each participant must pay the SLC registration fee and attend the
State Leadership Conference.

Judging

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 II event at the National Leadership Conference, providing they have not entered this event at a previous National Leadership Conference.