Overview the financial accounting exam covers skills and concepts that are generally taught in a first semester undergraduate financial accounting course the exam contains approximately 75 questions to be answered in 90 minutes some of these are pretest questions that will not be scored. The clepr financial accounting examination covers skills and concepts that are generally taught in a first semester undergraduate financial accounting course colleges may award credit for a one semester course in financial accounting the exam contains approximately 75 questions to be answered in. Rea clep financial accounting rea offers a great combination of clep study tips exam study materials and detailed practice tests this book functions well as the central pillar of a strong clep prep strategy with resources like the official clep study guide above providing a great final practice test at the end. Number of credits 3 exam cost 85 earn clep credit passing the clep financial accounting exam leads to three transferable college credits that you can use to graduate faster by cutting the