This event recognizes FBLA members who have demonstrated an understanding of and skill in accounting principles and procedures as applied to sole proprietorships, partnerships, and corporations.

The one-hour objective test will include questions on 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; and partnerships.


Participants should have had more than one year of high school accounting instruction or its equivalent.

Participants must have paid state and national dues postmarked by December 15 of the current school year.

District    Number of participants governed by local FBLA District policy.

State        Each district may be represented by participant(s) based on the Florida FBLA scaled quota system found in the Fact Finder.

National    See publication:  National Chapter Management Handbook—current edition.


District    Each district determines its own procedures for event registration.

State        When it has been determined that a student will represent the district at state competition, the student's local adviser must send the appropriate entry form to the state adviser by first-class mail.  The entry form and the required receipt deadline are included in the SLC registration packet.

National    See publication:  National Chapter Management Handbook—current edition.

•    Participants must be selected in accordance with the regulations of the FBLA district and state chapters and the national association.

•    Participants must not have entered this event at a previous National Leadership Conference or placed 1st, 2nd, 3rd, or 4th in this event at a previous State Leadership Conference.

•    Participants failing to report on time may be either disqualified or permitted to begin late with no extension of the time as scheduled.

•    Participants must furnish their own No. 2 pencils and erasers.  Nongraphing calculators will be provided for the objective portion of the test.  No electronic devices may be brought to the event.    No reference materials or other items are to be brought to the event.

•    Participants must adhere to the dress code established by the Board of Directors or they will not be permitted to participate in the competitive event.


Tests will be machine graded.  In the event of a tie, the students’ performance on the final ten questions of the exam will be evaluated.  After that, if necessary, the order in which the tests were received will be used.


District    The number of awards presented at the District Leadership Conference is determined by local FBLA District policy.

State        State awards for the top five places are presented at the State Leadership Conference.

National    The number of awards presented at the National Leadership Conference is determined by judges and/or number of entries.  The maximum number will be ten.