Accounting Fundamentals Certification (AFC) Practice Test 2025 - Free Accounting Practice Questions and Study Guide

🧠 The #1 resource for your exam prep. With over 400 questions, flashcards, and realistic simulations, we’ve helped thousands pass on their first try, even with no prior experience.

🧭 What You'll Find on This Page:

  • ✅ How the exam works & what to expect
  • 🧠 400+ practice multiple choice questions + instant feedback
  • 📘 Downloadable PDF study guide
  • 💡 Flash cards, simulated exams & expert tips
  • 📊 Bonus: Track your progress and improve weak areas

Prepare for the Accounting Fundamentals Certification Test with our interactive quiz. Access flashcards, multiple-choice questions, detailed hints, and explanations. Enhance your understanding and boost your confidence for exam success!

  • Over 400 questions
  • Flash cards
  • Simulated exam environment
  • Detailed explanations and deep dives
  • Progress tracking
  • Downloadable pdf study guide
logo
logo
logo

Find the option that is right for you!

All options are one-time payments.

$4.99

30 day premium pass

All the basics to get you started

  • Ad-free experience
  • View your previous attempt history
  • Mobile app access
  • In-depth explanations
  • 30 day premium pass access
👑$14.99 $35.99

6 month DELUXE genius pass (most popular)

Everything with the 30 day premium pass FOR 6 MONTHS! & the Ultimate Digital PDF Study Guide (BONUS)

  • Everything included in the premium pass
  • $35.99 value for $14.99! You save $21.00
  • + Access to the Ultimate Digital PDF Study Guide
  • + 6 months of premium pass access
  • + Priority support
$5.99 $9.99

Ultimate Digital PDF study guide

For those that prefer a more traditional form of learning

  • Available for instant download
  • Available offline
  • Comprehensive content
  • Detailed explanations
Image Description

About

Studying for the Accounting Fundamentals Certification (AFC) Test can be a daunting task, but with the right resources and preparation strategies, success is well within reach! This certification is pivotal for aspiring and existing accounting professionals aiming to validate their expertise and enhance their career prospects.

The AFC test measures a broad spectrum of accounting competencies, from basic principles to complex financial procedures. Whether you're a student honing your skills or a professional seeking certification, our guide will help you navigate through the complexities of preparation and pass with confidence.

Exam Format

Understanding the exam format of the AFC is crucial for effective preparation. The AFC test is typically composed of multiple-choice questions (MCQs) designed to assess a candidate's grasp of fundamental accounting concepts. Below are some key details about the exam format:

  • Number of Questions: The AFC exam consists of 100 multiple-choice questions.
  • Duration: Candidates are provided with 3 hours to complete the exam.
  • Passing Score: You need a score of at least 70% to pass.
  • Coverage: The questions are divided into categories, including financial statements, bookkeeping, accounting principles, and auditing basics.

What to Expect on the Test

The AFC exam evaluates a wide range of topics integral to accounting practices. Familiarizing yourself with these topics can significantly improve your chances of success:

Key Areas of the Exam

  • Financial Statements: Understand various components such as income statements, balance sheets, and cash flow statements. Pay attention to concepts like revenue recognition and deferred expenses.

  • Bookkeeping and Entries: Expect questions on journal entries, ledgers, and the chart of accounts. Mastering these accounting tasks is fundamental.

  • Principles of Accounting: Be well-versed in generally accepted accounting principles (GAAP), concepts of accruals and prepayments, and inventory valuation methods.

  • Auditing Basics: Fundamental auditing concepts, including understanding audit reports and the role of internal controls, will be tested.

  • Cost Accounting: Gain proficiency in cost behavior, budgeting techniques, and standard costing, as these are pillars of strategic financial management.

Tips for Passing the AFC Exam

To pass the AFC exam, not only rigorous study but strategic preparation is essential. Here are some tips:

  • Regular Practice: Regularly take practice tests to assess your understanding. Identify weak areas and review the relevant topics meticulously.

  • Use Study Guides: Comprehensive study guides that focus on the core principles of accounting are invaluable. Ensure you cover all the exam topics.

  • Online Resources: Leverage online forums, video tutorials, and accounting communities to expand your learning beyond textbooks.

  • Exam Time Management: Practice completing questions within a time limit to manage exam time effectively.

  • Mock Exams on Examzify: Use the AFC practice tests available on Examzify to simulate real exam conditions. The instant feedback feature enhances learning by identifying areas requiring improvement and understanding.

Conclusion

The Accounting Fundamentals Certification (AFC) exam opens doors to numerous career opportunities in the accounting field. A strategic focus on your preparation approach, involving organized study sessions and practice, can lead to acquisition of this esteemed certification and advancement in your accounting career.

The accounting sector is ever-evolving, and obtaining certification not only demonstrates commitment to the profession but ensures you're equipped with the most current knowledge and skills. Embark on this certified journey today with the right tools and resources!

FAQs

What is the Accounting Fundamentals Certification (AFC) exam structure?

The Accounting Fundamentals Certification (AFC) exam typically consists of multiple-choice questions covering essential accounting principles, financial statements, and basic accounting practices. Each section tests your understanding of core concepts critical for various accounting professions.

What are the benefits of obtaining the Accounting Fundamentals Certification?

Earning the Accounting Fundamentals Certification (AFC) can enhance your resume, making you more competitive in the job market. It demonstrates knowledge of financial principles and practices, allowing for potential positions like junior accountant or financial analyst, with salaries averaging around $55,000 annually.

How can I effectively prepare for the AFC exam?

Effective preparation for the AFC exam involves a combination of study materials and resources. It's crucial to review accounting fundamentals thoroughly. Engaging with platforms that offer comprehensive test preparation can provide valuable insights and practice to improve your confidence before taking the exam.

What topics should I focus on for the AFC exam?

Key topics for the Accounting Fundamentals Certification (AFC) include financial accounting concepts, the accounting cycle, and the preparation of income statements, balance sheets, and cash flow statements. Mastery of these areas is essential for achieving a passing score on the exam.

Is the AFC exam recognized across different industries?

Yes, the Accounting Fundamentals Certification (AFC) is recognized across various industries, including finance, healthcare, and technology. This certification provides foundational accounting knowledge that is crucial for roles such as accounting clerk or budget analyst, with salaries varying based on location and experience.

Reviews

4.48
Review ratingReview ratingReview ratingReview ratingReview rating
33 reviews

Rating breakdown

95%

of customers recommend this product

  • Review ratingReview ratingReview ratingReview ratingReview rating
    User avatar
    Layla C.

    Having just finished my studying, I can say this tool was a game-changer. The flashcards allowed for bite-sized learning, which I found effective. Additionally, the questions covered a wide range of topics that really prepared me for the exam atmosphere. On the whole, a fantastic resource!

    Layla C.- Verified Purchase
  • Review ratingReview ratingReview ratingReview ratingReview rating
    User avatar
    Sofia K.

    What a fantastic prep tool! The quality of the questions is impressive and closely mirrors what I experienced on test day. I passed with flying colors! I particularly appreciated the way concepts were presented through real-life scenarios. It helped me relate the material to actual accounting practices, which was invaluable. Highly recommend!

    Sofia K.- Verified Purchase
  • Review ratingReview ratingReview ratingReview ratingReview rating
    User avatar
    Vera T.

    What a stellar way to prepare! I loved the explanation section after each question; it turned my mistakes into learning opportunities. The randomness of the questions was initially daunting, but it turned out to be a great way to reinforce my understanding. Feeling confident about going into my test!

    Vera T.- Verified Purchase
View all reviews
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy