Accounting II

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Category: Objective Test

Type: Individual

Grade Level: 9-12

Event Guidelines

Participants must furnish their own laptops. This test will be taken online at the conference. No 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

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 II event at the National Leadership Conference, provided they have not placed in the top 10 for this event at a previous National Leadership Conference.

Nebraska FBLA - 04/16/2024