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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Profit Planning | 10–15% | - Cost-volume-profit (CVP) analysis
|
| Topic 2: Cost Systems | 20–25% | - Costing methods
|
| Topic 3: Budgeting and Decision Making | 10–15% | - Relevant information for decision making
|
| Topic 4: Financial Analysis | 45–50% | - Purpose and components of financial statements
|
| Topic 5: Controls and Regulations | 10–15% | - Internal control systems and principles
|
WGU Accounting for Decision Makers C213 VAC2 Sample Questions:
Which organization establishes rules U.S. companies use to record and report accounting transactions?
- A. Internal Revenue Service
- B. Financial Accounting Standards Board
- C. Accounting Principles Board
- D. Securities and Exchange Commission
Correct Answer: B 🗳️
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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
Correct Answer: A 🗳️
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Which technique describes the practice of incurring debt but fully paying the debt over time?
- A. Profit control
- B. Liability deferral
- C. Accounting management
- D. Income smoothing
Correct Answer: B 🗳️
Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).
A company budgeted the following purchases for raw materials:
January = $10,000
February = $20,000
March = $25,000
April = $22,000
May = $27,000
June = $30,000
July = $24,000
The company has a policy of paying for 40% of purchases in the month of the purchase, 35% in the month following the purchase, and 25% in the second month following the purchase.
What are the budgeted cash disbursements for May based on this information?
- A. $24,750
- B. $25,050
- C. $18,500
- D. $27,300
Correct Answer: B 🗳️
Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).
Which formula yields a cash times interest earned ratio of 11?
- A. Cash before interest and taxes of $11,000 / cash paid for income taxes of $1,000
- B. Cash before interest and taxes of $11,000 / cash from operations of $1,000
- C. Cash before interest and taxes of $11,000 / cash paid for acquisitions of $1,000
- D. Cash before interest and taxes of $11,000 / cash paid for interest of $1,000
Correct Answer: D 🗳️
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