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

SectionWeightObjectives
Topic 1: 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
Topic 2: Controls and Regulations10–15%- Internal control systems and principles
  • 1. Compliance with laws and regulations
  • 2. Risk assessment and control activities
Topic 3: 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
Topic 4: Budgeting and Decision Making10–15%- Master budget and components
  • 1. Cash budgeting and forecasting
  • 2. Operating and financial budgets
- Relevant information for decision making
  • 1. Capital budgeting basics
  • 2. Make-or-buy, special order, keep-or-drop decisions
Topic 5: Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Sensitivity analysis
  • 2. Break-even and target profit calculations

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

A corporation has liabilities and owners' equity of $100 million and $40 million respectively. What is the amount of the asset balance in this case?

  • A. $140 million
  • B. $25 million
  • C. $80 million
  • D. $60 million
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

The following list provides partial financial information for a company.
Current assets = $36,543
Total assets = $58,719
Current liabilities = $24,824
Total liabilities = $48,561
Stockholders' equity = $10,158
Sales = $46,997
Net income = $3,761
Market value of equity = $41,316
What is the current ratio for this company?

  • A. 0.83
  • B. 1.47
  • C. 4.78
  • D. 1.38
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

What is a significant role of the U.S. Securities and Exchange Commission (SEC) in financial reporting?

  • A. The SEC ensures that auditors have the resources and information necessary to provide valuable professional services
  • B. The SEC ensures that financial statement users are provided with reliable information to use in decision- making
  • C. The SEC supports company management and boards of directors in the effective discharge of their responsibilities
  • D. The SEC provides representation and training to controllers of public companies
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for 2Pass4sure 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 conduct a customer satisfaction survey
  • D. They examine records to support balances and transactions
  • E. They poll the public regarding the company's external image
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Explanation: Only visible for 2Pass4sure 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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