WGU Accounting-for-Decision-Makers real exam prep : WGU Accounting for Decision Makers C213 VAC2

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

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

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

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

Question #1

What can be determined when a firm performs an external audit of a company's financial statements?

  • A. Whether a company's financial statements indicate that the company has to pay income taxes
  • B. Whether a company's financial statements indicate it made a profit
  • C. Whether a company's financial statements fairly reflect its financial position
  • D. Whether a company's financial statements were prepared by a trained bookkeeper
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

A company plans to purchase inventory for the second half of a year as follows:
July = $100,000
August = $75,000
September = $225,000
October = $125,000
November = $250,000
December = $30,000
The company usually pays 50% of inventory purchases in the month of purchase, 35% in the following month, and 15% in the second month.
What are the forecasted October cash payments based on this information?

  • A. $78,750
  • B. $62,500
  • C. $18,750
  • D. $152,500
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

Which role do ethical standards have in management accounting?

  • A. To provide the management accountant with the ability to work with only companies that follow strict ethical principles
  • B. To prevent all unethical behavior of anyone the management accountant may work with
  • C. To guide the resolution to possible ethical dilemmas that the managerial accountant may encounter
  • D. To provide the management accountant with the ability to know whether a person will act ethically or not
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

Which current asset on a balance sheet appears first in the traditional category order for U.S.-based companies?

  • A. Prepaid expenses
  • B. Cash
  • C. Inventory
  • D. Accounts receivable
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

How are activity-based costing systems different from traditional costing systems?

  • A. Activity-based costing systems provide a more precise assignment of overhead costs when multiple products are manufactured than traditional costing systems do
  • B. Activity-based costing systems are based on a single cost driver and traditional costing systems are based on multiple cost drivers
  • C. Activity-based costing systems require less time and expense to administer than traditional costing systems
  • D. Activity-based costing systems are used with homogeneous products while traditional costing systems are used with heterogeneous products
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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