WGU Accounting-for-Decision-Makers Q&A - in .pdf

  • Accounting-for-Decision-Makers pdf
  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Oct 08, 2026
  • Q & A: 71 Questions and Answers
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  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
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  • Q & A: 71 Questions and Answers
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  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Oct 08, 2026
  • Q & A: 71 Questions and Answers
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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:

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

                                WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

                                Question #1

                                Which two details can management determine through a cost-volume-profit analysis?
                                Choose 2 answers.

                                • A. The impact of past transactions on a business organization's profit margin
                                • B. The impact that a change in cost would have on a business organization's profit margin in the future
                                • C. The impact of a change in a business organization's number of units sold to reach a certain profit margin in the future
                                • D. The impact of past income tax costs on a business organization's profit margin
                                Reveal Solution  Discussion  0

                                Correct Answer: B,C  🗳️

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

                                Question #2

                                What does the overall economic performance of a company for a given time period represent?

                                • A. Whether or not a company's sales exceed the costs of the products sold for a given time period
                                • B. The overall market value of the company
                                • C. The net income of the company
                                • D. Whether or not cash received from sales exceeds cash paid for business expenses for a given time period
                                Reveal Solution  Discussion  0

                                Correct Answer: C  🗳️

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

                                Question #3

                                Which two items increase net income?
                                Choose 2 answers.

                                • A. Cost of sales
                                • B. Interest income
                                • C. Gain on sale of assets
                                • D. Income tax expense
                                Reveal Solution  Discussion  0

                                Correct Answer: B,C  🗳️

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

                                Question #4

                                Which ratio provides a measure of how well a company turns sales into profits?

                                • A. Return on costs
                                • B. Return on expenses
                                • C. Return on profit
                                • D. Return on sales
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

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

                                Question #5

                                Under the Sarbanes-Oxley Act, which requirement must an accounting firm that audits public companies meet?

                                • A. The firm cannot provide several nonaudit services such as internal audit outsourcing to its audit clients
                                • B. The firm cannot be retained only by the CFO
                                • C. The firm cannot audit a company for more than five years
                                • D. The firm cannot use any forms of advertising to obtain new audit clients
                                Reveal Solution  Discussion  0

                                Correct Answer: A  🗳️

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

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