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

Accounting-for-Decision-Makers real exams

Exam Code: Accounting-for-Decision-Makers

Exam Name: WGU Accounting for Decision Makers C213 VAC2

Updated: Aug 19, 2026

Q & A: 71 Questions and Answers

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

SectionWeightObjectives
Cost Systems20–25%- Cost concepts and classification
  • 1. Variable, fixed, mixed costs
  • 2. Direct vs indirect costs
- Costing methods
  • 1. Traditional costing
  • 2. Activity-based costing (ABC)
Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Sensitivity analysis
  • 2. Break-even and target profit calculations
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. Balance sheet, income statement, cash flow statement
  • 2. GAAP and reporting standards
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. Make-or-buy, special order, keep-or-drop decisions
  • 2. Capital budgeting basics
Controls and Regulations10–15%- Internal control systems and principles
  • 1. Compliance with laws and regulations
  • 2. Risk assessment and control activities

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

1. 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 total liabilities than total assets
C) The company has 1.5% more current liabilities than current assets
D) The company has 1.5% more total liabilities than gross sales


2. Which body regulates a certified public accounting firm's audit practices when the firm is auditing a large, publicly traded company?

A) The Public Company Accounting Oversight Board (PCAOB)
B) The Internal Revenue Service (IRS)
C) The Financial Accounting Standards Advisory Council (FASAC)
D) The Financial Accounting Standards Board (FASB)


3. Match each accounting term with its definition.
Answer options may be used more than once or not at all.
Select your answer from the pull-down list.


4. In January of Year 1, a company began doing business as a corporation in order to sell technology-related accessories and services. During its first month of operations, the following events occurred:
January 1
The corporation received $900,000 in cash in exchange for stock issued to stockholders.
January 3
The corporation borrowed $250,000 from a bank. The loan is a four-year loan with an interest rate of 12%, payable each year on January 1 beginning in Year 2.
January 5
The corporation purchased equipment to be used in the business for $200,000 cash.
January 8
The corporation purchased inventory costing $200,000 by paying $120,000 in cash. The remainder was put on credit accounts with suppliers.
January 15
The corporation hired five employees. Each employee will be paid $1,000 at the end of each month.
January 30
The corporation paid $6,000 cash for a one-year insurance policy. The policy period will begin on February 1, Year 1.
What will be the impact of the January 1 event on the company's balance sheet on that date, along with an increase to cash of $900,000?

A) Investments will increase by $900,000
B) Loan payable will increase by $900,000
C) Retained earnings will increase by $900,000
D) Stockholders' equity will increase by $900,000


5. The following list provides partial financial information for a company.
Beginning cash balance = $1,200
Received cash from sales of goods = $16,000
Paid wages and salaries = $4,500
Received cash from non-trading securities = $5,000
Paid cash for plant assets = $6,000
Received cash from loans = $8,000
Paid cash in repayment of loans = $2,000
What is the ending cash balance for this company?

A) $20,000
B) $16,500
C) $18,700
D) $17,700


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A
Question # 3
Answer: Only visible for members
Question # 4
Answer: D
Question # 5
Answer: D

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