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 |
| Exam Format: | Multiple choice, Scenario-based questions, Online proctored objective assessment |
| Certificate Validity Period: | N/A (course competency-based assessment, no certification expiration) |
| 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 |
|---|---|
| Topic 1: Financial Accounting Fundamentals | - Accounting Principles
|
| Topic 2: Business Decision Support | - Relevant Costing
|
| Topic 3: Managerial Accounting for Decision Making | - Budgeting and Planning
|
WGU Accounting for Decision Makers C213 VAC2 Sample Questions:
Question 1
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
Question 2
Which act was implemented as a result of the corporate scandals at companies such as Enron and WorldCom?
A. Sarbanes-Oxley Act
B. Securities Exchange Act
C. Auditing Accountability Act
D. Corporate Accountability Act
Question 3
What is true regarding the use of International Financial Reporting Standards (IFRS)?
A. IFRS are commonly required to be used in Asia
B. IFRS may be used instead of generally accepted accounting principles (GAAP) by any U.S.-based corporation
C. IFRS are required to be used by the Securities and Exchange Commission (SEC)
D. IFRS are seldom used by non-U.S. companies
Question 4
What is the impact on costs as sales volume decreases?
A. Total variable costs will increase in direct proportion
B. Total fixed costs will increase in direct proportion
C. Total variable costs will decrease in direct proportion
D. Total fixed costs will decrease in direct proportion
Question 5
What is a cost incurred as part of the production process?
A. Sunk cost
B. Period cost
C. Raw materials cost
D. Opportunity cost
Solutions:
| Question 1 Answer: A,D | Question 2 Answer: A | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: C |
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