WGU C213 MBA ACCOUNTING For Decision Makers OA
ACTUAL EXAM Comprehensive Resource To Help You Ace
2026-2027 Includes 50+ Frequently Tested Questions With
ELABORATED 100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!!
Current Update!!
1. Accounting - ANSWER Recording of day-to-day financial activities of a
company and the organization of that information into summary reports
used to evaluate the companies financial status.
2. Three primary financial statements in financial accounting - ANSWER 1)
The Balance Sheet
2) The Income Statement
3) The Statement of Cash Flows
3. Balance Sheet - ANSWER A financial statement that reports assets,
liabilities, and owner's equity on a specific date.
4. Income Statement - ANSWER A financial statement showing the
revenue and expenses for a fiscal period. A company's expenses are
subtracted from its revenues in computing net income.
, 5. Statement of Cash Flows - ANSWER the amount of cash collected and
paid out by a company in the following three types of activities, operating,
investing, and financing.
6. Financial Accounting Users - ANSWER Lenders, investors, company
management, suppliers, customers, employees, competitors, government
agencies, politicians and the press.
7. FASB (Financial Accounting Standards Board) - ANSWER A private body
that sets the accounting standards in the United States.
8. SEC Securities and Exchange Commission - ANSWER Regulates US stock
exchanges
9. AICPA (American Institute of Certified Public Accountants) - ANSWER
Professional organization of certified public accountants in the US.
10.Three factors that make right now a time of significant change in accounting
are: - ANSWER 1) Globalization of Accounting Standards
2) Information Technology
3) Accounting scandals including the 2001 Sarbanes-Oxley Act.
11.Financial Statements - ANSWER Increase the amount of financial
information about a company to attract investors, lenders and other parties
interested in the companies financial status.
ACTUAL EXAM Comprehensive Resource To Help You Ace
2026-2027 Includes 50+ Frequently Tested Questions With
ELABORATED 100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!!
Current Update!!
1. Accounting - ANSWER Recording of day-to-day financial activities of a
company and the organization of that information into summary reports
used to evaluate the companies financial status.
2. Three primary financial statements in financial accounting - ANSWER 1)
The Balance Sheet
2) The Income Statement
3) The Statement of Cash Flows
3. Balance Sheet - ANSWER A financial statement that reports assets,
liabilities, and owner's equity on a specific date.
4. Income Statement - ANSWER A financial statement showing the
revenue and expenses for a fiscal period. A company's expenses are
subtracted from its revenues in computing net income.
, 5. Statement of Cash Flows - ANSWER the amount of cash collected and
paid out by a company in the following three types of activities, operating,
investing, and financing.
6. Financial Accounting Users - ANSWER Lenders, investors, company
management, suppliers, customers, employees, competitors, government
agencies, politicians and the press.
7. FASB (Financial Accounting Standards Board) - ANSWER A private body
that sets the accounting standards in the United States.
8. SEC Securities and Exchange Commission - ANSWER Regulates US stock
exchanges
9. AICPA (American Institute of Certified Public Accountants) - ANSWER
Professional organization of certified public accountants in the US.
10.Three factors that make right now a time of significant change in accounting
are: - ANSWER 1) Globalization of Accounting Standards
2) Information Technology
3) Accounting scandals including the 2001 Sarbanes-Oxley Act.
11.Financial Statements - ANSWER Increase the amount of financial
information about a company to attract investors, lenders and other parties
interested in the companies financial status.
