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WGU Accounting-for-Decision-Makers Exam Overview:
| Certification Vendor: | Western Governors University (WGU) |
| Exam Name: | Accounting for Decision Makers – Objective Assessment (OA) |
| Exam Number: | C213 VAC2 |
| Certificate Validity Period: | N/A (course competency-based assessment, no certification expiration) |
| Exam Format: | Online proctored objective assessment, Multiple choice, Scenario-based questions |
| Exam Price: | Included in tuition (no separate exam fee) |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Recommended Training: | WGU Course Materials / Digital Texts (ZyBooks or equivalent, program-dependent) WGU Course Learning Resources (C213 Accounting for Decision Makers) |
| Exam Registration: | WGU Assessments Overview WGU Student Portal |
| Sample Questions: | WGU Accounting-for-Decision-Makers Sample Questions |
| Exam Way: | Online proctored objective assessment via WGU testing platform |
| Pre Condition: | WGU enrollment in Accounting program; course progression requirements may apply within degree plan |
| Official Syllabus URL: | https://www.wgu.edu |
WGU Accounting-for-Decision-Makers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financial Accounting Fundamentals | - Accounting Principles
|
| Business Decision Support | - Relevant Costing
|
| Managerial Accounting for Decision Making | - Budgeting and Planning
|
WGU Accounting for Decision Makers C213 VAC2 Sample Questions:
1. Which two examples represent financial statement errors?
Choose 2 answers.
A) An accountant unintentionally records amounts as revenue that were prepaid by customers but not yet earned
B) An accounting employee overpays a supplier and receives a portion of the excess as a kickback
C) An accounting department miscalculates the payroll tax due at year-end, resulting in an inaccurate liability
D) An outside auditor disagrees with the amount reported as an allowance for uncollectible accounts receivable
2. Which item is an operating activity under a U.S. generally accepted accounting principles (GAAP) statement of cash flows?
A) Cash payments for purchase of plant assets
B) Cash receipts for the sale of plant assets
C) Cash payments for administration expenses
D) Cash receipts from the sale of a business segment
3. Which role do ethical standards have in management accounting?
A) To guide the resolution to possible ethical dilemmas that the managerial accountant may encounter
B) To provide the management accountant with the ability to know whether a person will act ethically or not
C) To provide the management accountant with the ability to work with only companies that follow strict ethical principles
D) To prevent all unethical behavior of anyone the management accountant may work with
4. 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 obtain confirmations from third parties the company does business with
B) They perform a marketing analysis to determine demand for the company's products or services
C) They poll the public regarding the company's external image
D) They conduct a customer satisfaction survey
E) They examine records to support balances and transactions
5. A company manufactures leather products and has recently switched to the activity-based costing (ABC) method. It needs to determine the cost of its leather wallets. The company is already aware of its DM and DL costs.
What is the first step to calculating the cost of the product?
A) Assign overhead costs
B) Calculate G & A
C) Double check the DM & DL calculations
D) Identify overhead cost activities
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A,E | Question # 5 Answer: D |
By Kevin
