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

  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Sep 24, 2026
  • Q&As: 71 Questions and Answers

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

SectionWeightObjectives
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
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. Trend and comparative analysis
  • 2. Ratio analysis: liquidity, profitability, solvency
Profit Planning10–15%- Cost-volume-profit (CVP) analysis
  • 1. Break-even and target profit calculations
  • 2. Sensitivity analysis
Cost Systems20–25%- Cost concepts and classification
  • 1. Variable, fixed, mixed costs
  • 2. Direct vs indirect costs
- Costing methods
  • 1. Activity-based costing (ABC)
  • 2. Traditional costing
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:

Question #1

What are two examples of product costs?
Choose 2 answers.

  • A. Raw materials
  • B. Direct labor
  • C. Selling and administrative expenses
  • D. Period expenses
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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Question #2

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

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

Correct Answer: C  🗳️

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

Question #3

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

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

Correct Answer: C  🗳️

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Question #4

Which overhead cost is associated with batch-level activities?

  • A. Factory insurance
  • B. Machine setups
  • C. Property taxes
  • D. Product engineering wages
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

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.

Reveal Solution  Discussion  0

Correct Answer:


Explanation:
Conservatism - Information related to recognizing losses as they occur
Reliable - Information that can be verified
Material - Information that is important enough to make a difference
Relevant - Information having to do with the matter at hand
These accounting terms describe important qualitative ideas used in financial reporting. Conservatism means accountants should use caution when uncertainty exists, especially by recognizing potential losses sooner rather than delaying them. Reliable information is information that can be supported, confirmed, or verified, which makes it trustworthy for users of financial statements. Material information is significant enough to affect the decisions of investors, creditors, or other users. If leaving it out or misstating it could influence a decision, it is material. Relevant information is information that relates directly to the issue being considered and is useful for decision-making.
These concepts help ensure that accounting information is useful, dependable, and meaningful. Relevance focuses on usefulness, reliability focuses on trustworthiness, materiality focuses on significance, and conservatism focuses on caution under uncertainty. Together, they support better financial statement preparation and interpretation. In this matching question, each term lines up with its most standard accounting definition, so the correct matches are exactly as shown above.

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