Florida Business & Finance exam: topics and question weights

The six content areas (by weight)

• Conducting Accounting Functions — 32%: accounts receivable/payable, cash flow, payroll, financial ratios, job costing, tax filing.
• Managing Administrative Duties — 26%: business overhead, bids and contracts, lien law, insurance, purchasing, draw requests, payroll taxes.
• Complying with Government Regulations — 15%: federal and Florida law — Chapters 489, 455, 713, 440; OSHA; environmental.
• Establishing the Contracting Business — 11%: business structures, licensure (certified vs registered), qualifying agent, bonding, insurance basics.
• Managing Trade Operations — 10%: scheduling (CPM), equipment lease/buy and depreciation, purchasing, submittals.
• Managing Human Resources — 6%: hiring, employment and discrimination law, drug testing, evaluations.

A sample question from each area

These are practice-style questions (free-preview level) to show the flavor — the full bank has 120, each with an explanation and a reference pointer.

• Establishing the Business: A "certified" Florida contractor may work anywhere in the state; a "registered" contractor is limited to the local jurisdiction where competency was established.
• Administrative Duties: A Notice to Owner must generally be served within 45 days of first furnishing; a Claim of Lien recorded within 90 days of last furnishing (Ch. 713).
• Accounting Functions: Current ratio = current assets ÷ current liabilities; net profit margin = net profit ÷ revenue.
• Government Regulations: A work-related fatality must be reported to OSHA within 8 hours; in-patient hospitalizations within 24 hours.

Frequently asked questions