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

SectionWeightObjectives
Cost Systems20–25%- Cost concepts and classification
  • 1. Direct vs indirect costs
  • 2. Variable, fixed, mixed costs
- Costing methods
  • 1. Activity-based costing (ABC)
  • 2. Traditional costing
Financial Analysis45–50%- Financial statement analysis techniques
  • 1. Trend and comparative analysis
  • 2. Ratio analysis: liquidity, profitability, solvency
- Purpose and components of financial statements
  • 1. GAAP and reporting standards
  • 2. Balance sheet, income statement, cash flow statement
Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Sensitivity analysis
  • 2. Break-even and target profit calculations
Controls and Regulations10–15%- Internal control systems and principles
  • 1. Risk assessment and control activities
  • 2. Compliance with laws and regulations
Budgeting and Decision Making10–15%- Relevant information for decision making
  • 1. Capital budgeting basics
  • 2. Make-or-buy, special order, keep-or-drop decisions
- Master budget and components
  • 1. Operating and financial budgets
  • 2. Cash budgeting and forecasting

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

Which role do ethical standards have in management accounting?

  • A. To provide the management accountant with the ability to work with only companies that follow strict ethical principles
  • B. To guide the resolution to possible ethical dilemmas that the managerial accountant may encounter
  • C. To prevent all unethical behavior of anyone the management accountant may work with
  • D. To provide the management accountant with the ability to know whether a person will act ethically or not
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Who does Sarbanes-Oxley apply to?

  • A. Publicly traded, wholly-owned subsidiaries of foreign companies doing business in the United States
  • B. Nonpublic companies in the United States
  • C. Nonpublic wholly-owned subsidiaries of foreign companies doing business in the United States
  • D. Publicly traded companies in the United States
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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What does it mean if a company has a debt ratio of 101.5%?

  • A. The company has 1.5% more total liabilities than net income
  • B. The company has 1.5% more current liabilities than current assets
  • C. The company has 1.5% more total liabilities than total assets
  • D. The company has 1.5% more total liabilities than gross sales
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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

Which two items on an income statement result in decreased net income if they are increased?
Choose 2 answers.

  • A. Interest expense
  • B. Cost of goods sold
  • C. Gains
  • D. Revenues
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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

What does it mean if a company has a debt ratio of 101.5%?

  • A. The company has 1.5% more total liabilities than net income
  • B. The company has 1.5% more current liabilities than current assets
  • C. The company has 1.5% more total liabilities than total assets
  • D. The company has 1.5% more total liabilities than gross sales
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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