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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:

SectionObjectives
Managerial Accounting for Decision Making- Cost Behavior
  • 1. Fixed vs variable costs
    • 2. Mixed costs analysis
      - Cost-Volume-Profit Analysis
      • 1. Break-even analysis
        • 2. Contribution margin concepts
          - Budgeting and Planning
          • 1. Forecasting and variance analysis
            • 2. Operating budgets
              Business Decision Support- Relevant Costing
              • 1. Differential cost analysis
                • 2. Make or buy decisions
                  - Performance Measurement
                  • 1. Responsibility accounting concepts
                    • 2. Financial ratios overview
                      Financial Accounting Fundamentals- Financial Statements
                      • 1. Cash Flow Statement basics
                        • 2. Income Statement analysis
                          • 3. Balance Sheet structure
                            - Accounting Principles
                            • 1. Revenue recognition concepts
                              • 2. Accrual vs cash accounting

                                WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

                                Which information does a balance sheet provide about a company?

                                • A. Assets and liabilities for a specific point in time
                                • B. Cash collections and cash expenditures for a period of time
                                • C. Cash collections and cash expenditures at a specific point in time
                                • D. Revenues and expenses for a period of time
                                Reveal Solution  Discussion  0

                                Correct Answer: A  🗳️

                                Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                A company has projected the following sales for the spring quarter of a year:
                                April = $300,000
                                May = $325,000
                                June = $375,000
                                Cash is used to pay for 65% of all sales. The remainder is on credit.
                                The pattern for credit receivables collections is as follows:
                                * Month of sale = 60%
                                * Month after sale = 30%
                                * Second month after sale = 10%
                                What are the projected cash sales for all three months of the spring quarter?

                                • A. $105,000
                                • B. $195,000
                                • C. $350,000
                                • D. $650,000
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

                                Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                Which two procedures do external auditors use to gain confidence in the quality of a company's financial reporting processes?
                                Choose 2 answers.

                                • A. They perform a marketing analysis to determine demand for the company's products or services
                                • B. They obtain confirmations from third parties the company does business with
                                • C. They poll the public regarding the company's external image
                                • D. They conduct a customer satisfaction survey
                                • E. They examine records to support balances and transactions
                                Reveal Solution  Discussion  0

                                Correct Answer: B,E  🗳️

                                Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                Which overhead cost is associated with batch-level activities?

                                • A. Factory insurance
                                • B. Property taxes
                                • C. Product engineering wages
                                • D. Machine setups
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

                                Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                The following list provides partial financial information for a company.
                                Financial Category | 20X3 | 20X2
                                Net income | $3,540 | ?
                                Cash from operations | $4,417 | ?
                                Cash paid for capital expenditures | $5,613 | ?
                                Cash paid for acquisitions | $5,964 | ?
                                Cash paid for interest | $2,782 | ?
                                Cash paid for income taxes | $2,860 | ?
                                What is the cash flow to net income ratio for this company in 20X2?

                                • A. 2.45
                                • B. -0.01
                                • C. 1.35
                                • D. 1.80
                                Reveal Solution  Discussion  0

                                Correct Answer: C  🗳️

                                Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

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