This study examined whether preschool children are able to identify the source of new knowledge that they acquired in a stimulating, interactive learning context. Sixty 4‐ to 5‐year‐old children participated in two staged learning events. Several days later, children were asked questions that assessed their knowledge of factual information presented during the events. Children indicated whether they knew the answer to each question and whether they remembered the moment they learned it (i.e. had an episodic memory of the learning event), and then recalled event details. A majority of preschoolers were able to accurately identify how they had learned at least some factual information, but this ability was not consistent across children and test items. Recall of event‐specific details was positively correlated with correct answers to factual questions. The results indicate that when preschool children are asked to reflect on past learning experiences that occurred in complex and realistic contexts, their source monitoring abilities are evident but not yet fully developed. Copyright © 2013 John Wiley & Sons, Ltd.