2/7/26, 7:49 AM WGU - D774 Pre-assessment 2 EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answers) …
WGU - D774 Pre-assessment 2 EXAM fully solved
& updated 2025-2026(latest version verified for
accuracy) (Questions + Answers) Solved 100%
Correct!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (70)
Historical period of increased The Industrial Revolution
accounting importance
Effect of Sarbanes-Oxley Act of 2002 It increased corporate responsibility.
Using corporate credit card for Fraud
personal expenses
https://quizlet.com/1140697528/wgu-d774-pre-assessment-2-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-answ… 1/7
, 2/7/26, 7:49 AM WGU - D774 Pre-assessment 2 EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answers) …
Purpose of financial accounting Provides historical financial data in standardized
reports for external stakeholders
Feature of managerial accounting Tailored to meet internal decision-makers' needs
reports
Statement describing managerial Prepared for internal decision-making needs of
accounting reports management
SEC role in accounting standards Enforces financial reporting rules established by
the FASB
Certification to offer auditing/tax CPA
services
Auditor buying stock in a company Violates independence and objectivity
they audit
Who oversees and maintains internal Management
controls
Manufacturing expense category on Cost of goods sold
income statement
Interpretation of net income Revenues are greater than expenses
Limitation of accrual accounting May not reflect actual cash flow
Effect of favorable volume variance Increases revenue and cost of goods sold
Category for wages of store Cost of goods sold
employees
https://quizlet.com/1140697528/wgu-d774-pre-assessment-2-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-answ… 2/7
WGU - D774 Pre-assessment 2 EXAM fully solved
& updated 2025-2026(latest version verified for
accuracy) (Questions + Answers) Solved 100%
Correct!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (70)
Historical period of increased The Industrial Revolution
accounting importance
Effect of Sarbanes-Oxley Act of 2002 It increased corporate responsibility.
Using corporate credit card for Fraud
personal expenses
https://quizlet.com/1140697528/wgu-d774-pre-assessment-2-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-answ… 1/7
, 2/7/26, 7:49 AM WGU - D774 Pre-assessment 2 EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answers) …
Purpose of financial accounting Provides historical financial data in standardized
reports for external stakeholders
Feature of managerial accounting Tailored to meet internal decision-makers' needs
reports
Statement describing managerial Prepared for internal decision-making needs of
accounting reports management
SEC role in accounting standards Enforces financial reporting rules established by
the FASB
Certification to offer auditing/tax CPA
services
Auditor buying stock in a company Violates independence and objectivity
they audit
Who oversees and maintains internal Management
controls
Manufacturing expense category on Cost of goods sold
income statement
Interpretation of net income Revenues are greater than expenses
Limitation of accrual accounting May not reflect actual cash flow
Effect of favorable volume variance Increases revenue and cost of goods sold
Category for wages of store Cost of goods sold
employees
https://quizlet.com/1140697528/wgu-d774-pre-assessment-2-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-answ… 2/7
