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WGU Accounting for Decision Makers C213 VAC2 : Accounting-for-Decision-Makers

Accounting-for-Decision-Makers Exam Simulator
  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Sep 28, 2026
  • Q & A: 71 Questions and Answers
  • WGU Accounting-for-Decision-Makers Q&A - in .pdf

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

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

Question #1

Which costs are found in a manufacturing company rather than a service-oriented company?

  • A. Direct labor costs
  • B. Raw materials costs
  • C. Indirect labor costs
  • D. Selling costs
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

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 examine records to support balances and transactions
  • C. They conduct a customer satisfaction survey
  • D. They obtain confirmations from third parties the company does business with
  • E. They poll the public regarding the company's external image
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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Question #3

Which technique describes the practice of incurring debt but fully paying the debt over time?

  • A. Income smoothing
  • B. Profit control
  • C. Liability deferral
  • D. Accounting management
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

Which formula yields a cash times interest earned ratio of 11?

  • A. Cash before interest and taxes of $11,000 / cash from operations of $1,000
  • B. Cash before interest and taxes of $11,000 / cash paid for acquisitions of $1,000
  • C. Cash before interest and taxes of $11,000 / cash paid for interest of $1,000
  • D. Cash before interest and taxes of $11,000 / cash paid for income taxes of $1,000
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

A company has projected the following sales for the spring quarter of a year:
April = $300,000
May = $325,000
June = $375,000
Cash is used to pay for 65% of all sales. The remainder is on credit.
The pattern for credit receivables collections is as follows:
* Month of sale = 60%
* Month after sale = 30%
* Second month after sale = 10%
What are the projected cash sales for all three months of the spring quarter?

  • A. $650,000
  • B. $350,000
  • C. $195,000
  • D. $105,000
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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