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

SectionWeightObjectives
Topic 1: Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Break-even and target profit calculations
  • 2. Sensitivity analysis
Topic 2: Cost Systems20–25%- Costing methods
  • 1. Traditional costing
  • 2. Activity-based costing (ABC)
- Cost concepts and classification
  • 1. Variable, fixed, mixed costs
  • 2. Direct vs indirect costs
Topic 3: Budgeting and Decision Making10–15%- Relevant information for decision making
  • 1. Make-or-buy, special order, keep-or-drop decisions
  • 2. Capital budgeting basics
- Master budget and components
  • 1. Cash budgeting and forecasting
  • 2. Operating and financial budgets
Topic 4: Financial Analysis45–50%- Purpose and components of financial statements
  • 1. GAAP and reporting standards
  • 2. Balance sheet, income statement, cash flow statement
- Financial statement analysis techniques
  • 1. Ratio analysis: liquidity, profitability, solvency
  • 2. Trend and comparative analysis
Topic 5: Controls and Regulations10–15%- Internal control systems and principles
  • 1. Risk assessment and control activities
  • 2. Compliance with laws and regulations

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
Reveal Solution  Discussion  0

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
Reveal Solution  Discussion  0

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
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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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
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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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
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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