School of Accountancy

Competency Exam

Students wishing to register for Intermediate I must successfully complete the competency exam with a pass rate of 75%. Each student will have a maximum of two attempts to pass the competency exam. The exam consists of 60 multiple choice questions, with 40 questions based on concepts from Principles of Financial Accounting and 20 questions on concepts from Principles of Managerial Accounting. Students are not eligible to take the competency exam until they have successfully completed ACG 2021.

To register for the competency exam, contact Denise Gelia at dgelia@usf.edu with your date preference and Net ID. Thirty spaces are available for each appointment time. Each student MUST have a USF Net ID in order to register. All competency exams will be administered in BSN 1204.

The School of Accountancy will also hold 3-hour reviews for students, to help prepare for the competency exam. Students are strongly advised to attend. To register for these reviews, please email Denise Gelia at dgelia@usf.edu.

The following dates and times are available:

Competency Exam Review Sessions

Competency Exam Times (all exams administered in BSN 1204)

December 

January

Instructions for Competency Exam

Once a student registers with Denise Gelia for the exam, an email will be sent to the student confirming the date and time they are scheduled and instructions on testing procedures. The student will also be added to an organization in Canvas titled "Competency Exam," which will list instructions, tips on how to prepare, and links to review materials.

To prepare for the competency exam, the School of Accountancy strongly recommends students review key concepts from Principles of Financial Accounting and Principles of Managerial Accounting.

The School of Accountancy will hold 3-hour reviews for students, to help them prepare for the competency exam. Students are strongly advised to attend. Register for these reviews with Denise Gelia at dgelia@usf.edu.

Students who do not pass the competency exam on the first attempt, will be REQUIRED to attend one of the reviews before they will be permitted to register for a second attempt.

Students who do not pass the exam within two attempts, must retake ACG 2021 at USF, retest, and pass the competency exam on or before their second attempt. Those who do not pass the competency exam at this time, may not proceed with the accounting major. Please speak with an academic advisor regarding other options within the College of Business. Students can also speak with the academic advisor for the School of Accountancy, Reggie Shouse, rshouse@usf.edu. His office is located in BSN 3501.

Please feel free to contact Denise Gelia at dgelia@usf.edu with scheduling questions, or contact Jennifer Cainas at jmcainas@usf.edu with any questions regarding exam content or exam administration.