CLEP Difficulty Guide
Everything you need to know about the difficulty of CLEP CLEP Financial Accounting — pass rates, study time, and which units are toughest.
Moderate
Difficulty
60-70%
Est. Pass Rate
15-30h
Avg Study Time
50
Passing Score
Unit 1: The Accounting Cycle
double-entry bookkeeping, journal entries and T-accounts, adjusting entries
Light
73 questions
Unit 2: Assets
accounts receivable and bad debts, inventory valuation (FIFO, LIFO), depreciation methods
Heavy
123 questions
Unit 3: Liabilities and Equity
current vs long-term liabilities, bonds payable, stockholders' equity
Standard
114 questions
Unit 4: Income Statement
revenue recognition, cost of goods sold, multi-step income statement
Standard
102 questions
Unit 5: Financial Statement Analysis
ratio analysis, horizontal/vertical analysis, statement of cash flows
Standard
88 questions
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