Accounting Challenge

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Last Updated: Aug 13, 2025, 11:13 AM

2026 Accounting Challenge

The Accounting Challenge is comprised of two competitions: one is an accounting written exam and the other is a team-building competition. Students will take an accounting written exam to compete for scholarships to the SIU School of Accountancy. Once a teacher registers for the event, they will receive a study guide for the written exam. From pre-assigned teams of four students (assigned by the high school/community college teacher), the students will compete as a team in fun, team-building activities for a team trophy. These activities are different each year and are designed by an emeritus SIU School of Art and Design faculty member.

Scholarship Awards and Prices

Scholarships are awarded to the top three scores for the Accounting 1 exam, the Accounting 2 exam, and the Community College exam. Schools may win a trophy for the top team scores.

Study Guide

To help you prepare for the academic competition, please refer to the Accounting Challenge study guide.

 

  • Accounting 1 Written Exam

    Students will complete this exam individually. It is for high school students who may have only had one accounting class or are currently enrolled in their first accounting class. It consists of accounting fundamentals including: terminology, accounting cycle, journal entries, depreciation, inventory, receivables, etc. It is 50 questions comprised of multiple choice and true/false questions.

  • Accounting 2 Written Exam

    Students will complete this exam individually. It is for high school students who have completed at least one accounting class. This exam consists of the same information as the Accounting 1 material but with more in-depth and advanced questions. It is a 50-question exam comprised of multiple choice and true/false questions.

  • Community College Written Exam

    Students will complete this exam individually. It is for community college students. This exam consists of the same information as the Accounting 2 material but with more in-depth and advanced questions. It is a 50-question exam comprised of multiple choice and true/false questions.

  • Team Building Competition

    Students will compete in a team of four (pre-assigned by their teacher). If a team does not have four students, accommodations will be made. Dr. Larry Busch creates these exciting and stimulating activities encouraging the teams to work together to win the team trophies.

  • General Schedule of Events

    Time Event
    8:00 am-8:45 am Check-In and Breakfast
    8:45 am-9:00 am Welcome
    9:00 am-9:45 am Academic Competition
    9:45 am-10:00 am Break
    10:00 am-11:15 am Team Building Competition
    11:15 am-12:00 pm Lunch
    12:00 pm-12:40 pm Student Panel
    12:40 pm-1:00 pm Awards Ceremony