Algebra, Economics and Accounting
Thank you for showing interest in one of the programmes at our International Business School. Since your diplomas do not qualify you for a direct entrance into our institute you have opted to take our 21+ test, which as its title indicates can only be taken by applicants aged 21 or above.
Contents
The 21+ test consists of two exams, a basic algebra test and an economics/accounting exam. You will need to score a pass rate on both exams in order to pass the 21+ exam. Any grade equal to or above 5.5 is considered to be a pass. Both exams are seen as separate: you only have to take a re-examination for the part you did not pass.
Testing methods and duration
Testing methods and duration of the Algebra test
Duration: 1 hour. The test consists of 50 questions in total, divided into the following parts:
- Part 1 - Arithmetic (14 questions)
- Part 2 - Fractions and percentages (14 questions)
- Part 3 - Roots and Powers (11 questions)
- Part 4 - Expressions and equations (11 questions).
Each question yields one point. A student will pass the test when the score is 30 or more. Using a calculator is not allowed!
Testing methods and duration of the Economics and Accounting test
The exam will take place on campus if possible. Duration: 2 hours. The exam will consist of 50 multiple choice questions.
Preparation
To prepare for the Algebra test you can use the following course book:
- Schaum's Outline of Elementary Algebra (Any Edition)
authors: Barnett Rich & Philip A. Schmidt
Price: 22.50 euro
Paperback 400 Pages McGraw-Hill Education - Europe
Examples Algebra test(opent in nieuw venster)
To prepare for the Accounting test you may use one of the following text books:
- Accounting an Introduction by Atrill and McLaney
- Principles of Accounting by Needles, Powers, Anderson
You should have a basic understanding of financial statements, how these relate to one another and the basic rules of preparing them. Relevant topics from management accounting include cost-volume-profit relationships, budgeting, break-even analysis and knowledge of different cost terms.
To prepare for the Economics part of the exam you may use the following text book:
- Economics by Parkin, Powell and Matthews
Relevant topics to be studied include:
- Demand and supply;
- Perfect competition, monopolistic competition, oligopoly and monopoly;
- Elasticities
- Infation;
- Unemployment;
- Business cycle and economic growth;
- GDP
You don’t have to buy the most recent editions of these books. Topics mentioned can be found in any edition.
Assessment
Any grade equal to or above 5.5 is considered to be a pass.
