How to Ace the Florida Business and Finance Exam Books and Resources

If you are planning to become a licensed contractor in Florida business and finance exam books, you will need to pass two exams: the trade knowledge exam and the business and finance exam. The trade knowledge exam covers the technical aspects of your specific trade, such as plumbing, electrical, or roofing. The business and finance exam covers the general aspects of running a contracting business, such as accounting, legal, management, and safety.

The business and finance exam is mandatory for all contractor applicants, regardless of their trade. It consists of 120 multiple-choice questions that you have to answer in 6.5 hours. The passing score is 70%, which means you need to get at least 84 questions right. The exam is administered by the Department of Business and Professional Regulation (DBPR) through a computer-based testing provider called Pearson VUE.

The business and finance exam is not easy. It covers a wide range of topics that require you to have a good understanding of the Florida statutes, rules, and regulations that govern the contracting industry. You also need to have a solid grasp of basic accounting, financial management, human resources, and business planning principles. Moreover, you need to be familiar with the various forms, contracts, and documents that are used in the contracting business.

What are Florida business and finance exam books?

Florida Business and Finance exam books are the reference books that are required for taking the Florida Business and Finance exam. The exam is a mandatory test for all contractor applicants who want to obtain a license to operate a contracting business in Florida. The exam covers topics such as contracting laws, regulations, accounting, finance, management, and administration.

The exam is based on the official reference list provided by the Department of Business and Professional Regulation (DBPR), which includes six books that cover various aspects of contracting business and finance.

To help you prepare for the business and finance exam, we have compiled a list of the best books and resources that you can use to study effectively and efficiently. These books and resources are based on the official reference list provided by the DBPR, which you can find here. They include the following:

  • A201 General Conditions of the Contract for Construction, 2017. This book contains the standard terms and conditions that apply to most construction contracts between owners and contractors. It covers topics such as payments, changes, claims, disputes, termination, insurance, bonds, warranties, and indemnification.
  • A401 Standard Form of Agreement between Contractor-Subcontractor, 2017. This book contains the standard form of agreement that is used between contractors and subcontractors in most construction projects. It covers topics such as scope of work, schedule, payments, changes, disputes, termination, insurance, bonds, warranties, and indemnification.
  • A701 Instructions to Bidders, 2018. This book contains the standard instructions that are given to bidders who want to submit proposals for construction projects. It covers topics such as bid forms, bid security, pre-bid meetings, site visits, addenda, substitutions, bid opening, bid evaluation, award of contract, and contract documents.
  • Builder’s Guide to Accounting, Michael C. Thomsett. This book is a comprehensive guide to accounting for contractors. It covers topics such as financial statements, bookkeeping systems, cash flow analysis, job costing methods, overhead allocation methods, tax reporting requirements, depreciation methods, and financial ratios.
  • Contractors Manual, 2021. This book is a comprehensive guide to running a contracting business in Florida. It covers topics such as licensing requirements, business structures, business plans, marketing strategies, contracts, liens, bonds, insurance, safety, labor laws, payroll taxes, sales taxes, workers’ compensation, unemployment compensation, and environmental regulations.
  • Florida Statutes Chapter 455, Current Edition. This book contains the laws that regulate the professions under the DBPR’s jurisdiction, including contractors. It covers topics such as definitions, licensing requirements, exemptions, qualifications, examinations, renewals, continuing education, discipline, penalties, and administrative procedures.

These books are essential for your exam preparation. However, they are not enough by themselves. You also need to use some additional resources that can help you review the material effectively and practice your test-taking skills. These resources include the following:

  • Tabs for Florida Business and Finance Exam. These are pre-printed tabs that you can use to mark the important sections in your reference books. They can help you save time and find the information you need quickly during the exam.
  • Tabbed and Highlighted Book Bundle. These are pre-tabbed and pre-highlighted books that contain all the information you need for the exam. They can help you save time and effort by eliminating the need to tab and highlight your own books.
  • Florida Business and Finance Exam Prep Course. This is an online course that provides you with video lectures, study guides, practice questions, and mock exams that cover all the topics on the exam. It can help you learn the material effectively and test your knowledge efficiently.

By using these books and resources together, you can increase your chances of acing the business and finance exam on your first try. You can also gain valuable knowledge and skills that can help you run a successful contracting business in Florida.

To get started with your exam preparation, you can order these books and resources from our website. We offer free shipping and a no-pass no-pay guarantee. We also offer other services such as contractor license application review and processing, contractor license start-up consultation, and contractor license exam prep for other trades.

What are some common mistakes to avoid during the Florida business and finance exam books?

Some common mistakes to avoid during the Florida business and finance exam books are:

  • Not studying the reference books thoroughly. The exam is based on the official reference list provided by the DBPR, which includes six books that cover various topics related to contracting business and finance. You need to read and understand these books well, as the exam questions will test your knowledge of the concepts, terms, and calculations presented in them. You can use tabs and highlights to mark the important sections in your books, or you can order pre-tabbed and pre-highlighted books from our website.
  • Not practicing enough with sample questions and mock exams. The exam consists of 120 multiple-choice questions that you have to answer in 6.5 hours. The passing score is 70%, which means you need to get at least 84 questions right. The exam is administered by a computer-based testing provider called Pearson VUE, which means you will use a computer to take the exam. You need to practice your test-taking skills and familiarize yourself with the format and style of the exam questions. You can use online courses, study guides, practice questions, and mock exams to help you prepare for the exam. 
  • Not managing your time wisely during the exam. The exam is long and challenging, and you need to pace yourself accordingly. You have about three minutes to answer each question, but some questions may take longer than others. You need to allocate your time wisely and avoid spending too much time on difficult or unclear questions. You also need to check your answers carefully and avoid making careless mistakes.
  • The exam has some specific instructions and rules that you need to follow in order to avoid losing points or getting disqualified. For example, you need to bring your valid ID, your confirmation letter, and your reference books (if allowed) to the exam site. You also need to follow the proctor’s instructions and not use any unauthorized materials or devices during the exam. You can find more information about the exam instructions and rules on the Pearson VUE website.

What is the format of the Florida business and finance exam books questions?

The format of the Florida business and finance exam books questions is as follows:

  • The exam consists of 120 multiple-choice questions that you have to answer in 6.5 hours.
  • The passing score is 70%, which means you need to get at least 84 questions right.
  • The exam is administered by the Department of Business and Professional Regulation (DBPR) through a computer-based testing provider called Pearson VUE, which means you will use a computer to take the exam.
  • The exam is based on the official reference list provided by the DBPR, which includes six books that cover various topics related to contracting business and finance. find the reference list here.
  • The exam is open book, which means you can bring your reference books (if allowed) to the exam site. However, you cannot use any other materials or devices during the exam, such as notes, calculators, phones, etc.
  • The exam covers a wide range of topics that require you to have a good understanding of the Florida statutes, rules, and regulations that govern the contracting industry. You also need to have a solid grasp of basic accounting, financial management, human resources, and business planning principles. Moreover, you need to be familiar with the various forms, contracts, and documents that are used in the contracting business.

Don’t wait any longer. Order your books and resources today and get ready to pass the Florida business and finance exam books with flying colors.

Conclusion

In conclusion, the Florida business and finance exam books is a challenging but rewarding test that can help you become a licensed contractor in Florida. By using the best books and resources that we have recommended, you can prepare for the exam effectively and efficiently. You can also learn valuable information and skills that can help you run a successful contracting business in Florida.

We hope that this blog post has been helpful and informative for you. If you have any questions or comments, please feel free to contact us. We are always happy to hear from you and assist you with your contracting needs.

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