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

Accounting-for-Decision-Makers Exam Simulator
  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Sep 18, 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:

SectionObjectives
Topic 1: Financial Accounting Fundamentals- Accounting Principles
  • 1. Accrual vs cash accounting
    • 2. Revenue recognition concepts
      - Financial Statements
      • 1. Balance Sheet structure
        • 2. Cash Flow Statement basics
          • 3. Income Statement analysis
            Topic 2: Managerial Accounting for Decision Making- Cost Behavior
            • 1. Fixed vs variable costs
              • 2. Mixed costs analysis
                - Budgeting and Planning
                • 1. Operating budgets
                  • 2. Forecasting and variance analysis
                    - Cost-Volume-Profit Analysis
                    • 1. Contribution margin concepts
                      • 2. Break-even analysis
                        Topic 3: Business Decision Support- Performance Measurement
                        • 1. Responsibility accounting concepts
                          • 2. Financial ratios overview
                            - Relevant Costing
                            • 1. Differential cost analysis
                              • 2. Make or buy decisions

                                WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

                                Question #1

                                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  🗳️

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

                                Question #2

                                In September, an airline using accrual accounting received cash from a round-trip ticket sold to a customer for
                                $1,500. The ticket allowed the customer to fly from Denver to Hawaii in October and from Hawaii back to Denver in November.
                                When should the airline recognize revenue?

                                • A. In October and November
                                • B. In September, October, and November
                                • C. Only in September
                                • D. Only in November
                                Reveal Solution  Discussion  0

                                Correct Answer: A  🗳️

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

                                Question #3

                                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  🗳️

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

                                Question #4

                                What are the costs associated with two or more business units called?

                                • A. Variable costs
                                • B. Product costs
                                • C. Direct costs
                                • D. Indirect costs
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

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

                                Question #5

                                Which two items on an income statement result in decreased net income if they are increased?
                                Choose 2 answers.

                                • A. Interest expense
                                • B. Revenues
                                • C. Gains
                                • D. Cost of goods sold
                                Reveal Solution  Discussion  0

                                Correct Answer: A,D  🗳️

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

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