Advanced Accounting

FBLA's Advanced Accounting event is an individual objective test for high-school members who want to demonstrate upper-level accounting knowledge. The official 2025–26 guidelines specify a 50-minute, 100-question test covering corporate and managerial accounting, financial statements and ratios, receivables and payables, budgeting and cash flow, cost accounting, tax, inventory, and payroll. Students generally advance through local or state FBLA competition to the National Leadership Conference held in early summer.