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How do I study for an accounting final exam?

Harold Averkamp, CPA, MBA

Here are the AccountingCoach suggestions for studying for an accounting final exam (or other introductory financial accounting exams).

Try our free Quizzes

Work our free accounting Quizzes for the topics covered in your course. This will help you identify the areas in which you need to improve. It is important that you understand why you answered a question incorrectly, and why another answer was the best answer.

Review our Cheat Sheets

We created a meaningful cheat sheet for each of 26 accounting topics that can be accessed by PRO members. Here is a listing of the cheat sheets that are available for you to review: List of Cheat Sheets.

Take our Quick Tests

Our PRO members can access 57 Quick Tests containing more than 1,600 practice questions with answers. Work the tests that are appropriate for your course. Test questions are a great way to retain what you have learned and to identify the areas in which you need to improve. Again, it is important to understand why you answered a question incorrectly, and why another answer was the best answer.

Search our Website

For the areas that you need to improve, I suggest that you enter a term or question into the search box located at the top of any page of AccountingCoach. The search results will provide the info you need.

Take time to read our Explanations

Read/review any of our 30+ Explanations. Many of the 2,000+ reviews/testimonials we received from users state that our Explanations provided the clarity they craved. They appreciated finally learning the underlying reasons for various accounting procedures.

Understand WHY

Many students have told me they studied long hours and felt they knew the material, yet they failed the exam. I then repeat what I stated above: Understand The Why behind the exam questions.

Meet with Your Instructor

If you are unable obtain a deep understanding, see your instructor for additional help. In the process, you may be helping your instructor become more empathetic and in the process help future students as well.

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Certificate - Debits and Credits
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Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
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Certificate - Bank Reconciliation
Certificate - Payroll Accounting

About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on

Learn More About Harold

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Certificates of Achievement

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  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
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