Accounting II


fbla accountingThe accurate keeping of financial records is a vital ongoing activity in all types of businesses. This event provides recognition for FBLA members who demonstrate an understanding of and skill in accounting principles and procedures as applied to sole proprietorships, partnerships, and corporations.

FBLA Eligibility

Each state may enter two (2) FBLA participants who are members from active local chapters, on record in the national center as having paid dues by March 1 of the current school year.


This event consists of two (2) parts: an objective test and a production test. FBLA participants are required to complete both parts to be eligible to win an award. A one (1) hour objective test will be administered based on the competencies listed. Nongraphing calculators will be provided. The score received on this portion of the event will constitute 50 percent of the final event score. One (1) hour will be given for the production test at a school site designated by the state chair/state adviser. Accounting or spreadsheet software must be used. Students may bring prepared templates which may include, but are not limited to a general journal, bank reconciliation, financial statements, and a worksheet. The score received on this portion of the event will constitute 50 percent of the final event score.


  • The production portion of this event is administered prior to the NLC. The administration of the production test will be determined by your state chair/state adviser. Tests must be sent by the state chair/state adviser and received by the national center for judging by the third Friday in May.
  • Documents produced for this event must be prepared by the participant without help from the adviser or any other person.
  • FBLA students may bring prepared templates.
  • No reference materials are allowed.
  • Calculators are not allowed on the production portion of the test.
  • In case of a tie, the production test will be used to break the tie.

Objective Test Competencies

  • Financial statements
  • Corporate accounting
  • Ratios and analysis
  • Accounts receivable and payable
  • Budgeting and cash flow
  • Cost accounting/manufacturing
  • Purchases and sales
  • Journalizing and posting
  • Income tax
  • Payroll
  • Inventory
  • Plant assets and depreciation
  • Departmentalized accounting
  • Ethics
  • Partnerships

Production Test Competencies

  • Financial statements
  • Bank reconciliation
  • Payroll
  • Trial balance
  • Journalizing
  • Inventory
  • Depreciation
  • Adjusting/closing entries

NBEA Standards Reinforced by Event

  • Accounting: accounting cycle, financial statements, special applications, payroll and banking procedures, accounting process
  • Computation: problem-solving applications, mathematical
  • Career Development: career strategy
  • Economics and Personal Finance: personal decision making, managing fi nances and budgeting

Career Clusters: Business Management and Administration; Finance

HV FBLA – Knows FBLA Accounting

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