Accounting

PURPOSE
The Accounting credential documents the essential competencies in financial statement preparation and analysis needed by small businesses or for those in a support role for CPAs and other finance professionals in a larger firm. 

AUDIENCE
This credential is appropriate for individuals working in entry-level accounting or financial management positions.

JOB/CAREER REQUIREMENTS
This credential documents competencies including financial statement preparation, project budgeting, and financial forecasting and analysis. Financial professionals are required to understand the impact of financial decisions on the firm’s business and financial prospects and use their skills to perform analysis of past, current, and projected funding and investment alternatives to inform the company’s managerial decision-making process and provide regular financial reports to investors and regulators.  

ACCOUNTING WORKPLACE TASKS:

• Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards  
• Perform analysis of business financial performance and report results to management, investors, lenders, and regulators  
• Analyze financial impacts of current and projected business operations to inform managerial decision-making 
• Develop, implement, modify, and document record-keeping and accounting systems, making use of current computer technology"

EXAM STRUCTURE OVERVIEW
Number of Questions in Exam: 70
Total Time: 180 minutes
Overall Passing Score: 70%
(All sections require an individual passing score of 70%)