2025/2026 WGU D196 Final Exam Complete Objective Assessment with Frequently Tested Questions & Certified Solutions

2025/2026 WGU D196 Final Exam
Complete Objective Assessment
with Frequently Tested Questions &
Certified Solutions

Prepared for WGU Students


August 19, 2025

, Contents
1 Introduction 2

2 Financial Accounting 2
2.1 Basic Concepts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
2.2 Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

3 Managerial Accounting 4
3.1 Cost Concepts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
3.2 Budgeting and Variance Analysis . . . . . . . . . . . . . . . . . . . . . 5

4 Additional Questions 6
4.1 Financial Accounting Continued . . . . . . . . . . . . . . . . . . . . . 6
4.2 Managerial Accounting Continued . . . . . . . . . . . . . . . . . . . . 7
4.3 Advanced Topics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

5 Conclusion 12




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