The College Level Examination Program (CLEP) Financial Accounting exam is administered by the College Board to assess high school students\' proficiency in the area of Accounting. Students can expect to see the topics covered on the exam in their first semester of a college Accounting course. The CLEP exam gauge\'s the applicant\'s familiarity with accounting concepts and terminology. Colleges may give entering students credit at their discretion if the student scores above a 50. The total points an applicant can receive is 80. Once taken, an applicant must wait six calendar months before registering for a re-test.
·{C} Statement of Cash Flows
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