lOMoARcPSD| 63525276
9/18/21, 4:55 PM Symphony — Pre-Assessment
Assessments D196 Principles of Managerial Accounting Pre-Assessment Report
Attempt 1
Competent
Financial Accounting — 15% of assessment
EXEMPLARY
Accounting Cycle Review
https://wgu.myeducator.com/symphony/coaching_report/1727/2412539262371430401/2490096861196894209/ 1/26
, lOMoARcPSD| 63525276
9/18/21, 4:55 PM Symphony — Pre-Assessment
The company can hire fewer accountants to do the same amount of work.
The company’s accounting information will decrease in value.
Correct The company’s accounting information will increase in value.
The company can report more favorable results in its financial statements
The company can report more favorable results in its financial statements.
3074.1.1-01.14x.A.V1
Financial statement data provide item-by-item product cost information.
Correct Financial statement data are often used in determining employee bonuses.
Financial statement data provide detailed internal budget information.
Financial statement data are used to record long term liabilities.
3074.1.1-01.8x.A.V1
International Accounting Standards Board (IASB)
3074.1.1-01.9x.A.V1
2/
, lOMoARcPSD| 63525276
9/18/21, 4:55 PM Symphony — Pre-Assessment
Statement of management accounting
Statement of stakeholder funds
https://wgu.myeducator.com/symphony/coaching_report/1727/2412539262371430401/2490096861196894209/
Statement of the accounting cycle Correct
Statement of cash flows
3074.1.1-01.7x.A.V1
Assessments
How does this transaction affect the paying company’s accounting equation?
Assets decrease by $5,000; revenues increase by $5,000.
Assets increase by $5,000; expenses increase by $5,000. Assets
decrease by $5,000; liabilities increase by $5,000.
Correct Assets decrease by $5,000; expenses increase by $5,000.
3074.1.1-02.23x.A.V1
A category of merchandiser or retailer
https://wgu.myeducator.com/symphony/coaching_report/1727/2412539262371430401/2490096861196894209/ 3/26
9/18/21, 4:55 PM Symphony — Pre-Assessment
Assessments D196 Principles of Managerial Accounting Pre-Assessment Report
Attempt 1
Competent
Financial Accounting — 15% of assessment
EXEMPLARY
Accounting Cycle Review
https://wgu.myeducator.com/symphony/coaching_report/1727/2412539262371430401/2490096861196894209/ 1/26
, lOMoARcPSD| 63525276
9/18/21, 4:55 PM Symphony — Pre-Assessment
The company can hire fewer accountants to do the same amount of work.
The company’s accounting information will decrease in value.
Correct The company’s accounting information will increase in value.
The company can report more favorable results in its financial statements
The company can report more favorable results in its financial statements.
3074.1.1-01.14x.A.V1
Financial statement data provide item-by-item product cost information.
Correct Financial statement data are often used in determining employee bonuses.
Financial statement data provide detailed internal budget information.
Financial statement data are used to record long term liabilities.
3074.1.1-01.8x.A.V1
International Accounting Standards Board (IASB)
3074.1.1-01.9x.A.V1
2/
, lOMoARcPSD| 63525276
9/18/21, 4:55 PM Symphony — Pre-Assessment
Statement of management accounting
Statement of stakeholder funds
https://wgu.myeducator.com/symphony/coaching_report/1727/2412539262371430401/2490096861196894209/
Statement of the accounting cycle Correct
Statement of cash flows
3074.1.1-01.7x.A.V1
Assessments
How does this transaction affect the paying company’s accounting equation?
Assets decrease by $5,000; revenues increase by $5,000.
Assets increase by $5,000; expenses increase by $5,000. Assets
decrease by $5,000; liabilities increase by $5,000.
Correct Assets decrease by $5,000; expenses increase by $5,000.
3074.1.1-02.23x.A.V1
A category of merchandiser or retailer
https://wgu.myeducator.com/symphony/coaching_report/1727/2412539262371430401/2490096861196894209/ 3/26
