WGU D196 Study guides, Class notes & Summaries

D192 - DATA SYSTEMS ADMINISTRATION|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS

WGU D196 TEST BANK FOR OA AND PREASSESSMENT REVIEW 2024/2025 WITH 250 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (100% CORRECT ANSWERS) D196 PRACTICE EXAM 2024 (BRAND NEW!!) 1. How does a classified balance sheet provide useful information to a decision maker? a.It distinguishes between current and long-term assets b.It provides data that are not publicly disclosed c.It distinguishes liabilities from expenses D. It provides data for a period of time instead of as a point in time - ANSW...

What is a transaction? - Two parties exchanging something of value What is the effect of a company's accounting department maintaining high ethical standards? - The company's accounting information will increase in value. Why might employees be interested in their company's financial accounting information? - Financial statement data are often used in determining employee bonuses. Which group establishes financial accounting rules in the United States? - financial Accounting Standards B...

Principles of Financial and Managerial Accounting - D196 WGU Questions and Answers 100% Pass the production budget - Answer- Sales budget + ending finished goods inventory - beginning finished goods inventory direct materials production budget - Answer- Production budget × direct materials per unit the direct materials purchases budget - Answer- Direct materials production budget + ending direct materials inventory - beginning direct materials inventory Cash collected from customers - A...

D196 Study Guide with Complete Solutions What is the role and purpose of accounting? - Answer- Accounting is used to accumulate, measure, and communicate financial information about organizations. This information is used to make informed decisions regarding resource usage and allocation. Who uses accounting information and why? - Answer- Managerial Accounting: Internal decision making (managers, CEO's, supervisors, etc.) Financial Accounting: External user benefit (stakeholders, investo...

D196 WGU Exam Questions and Answers 100% Pass What is the role and purpose of accounting ? - Answer- Role: To help track income and expenditures, and to provide investors, management, and government with financial information. Purpose: To accumulate, measure, and communicate financial information about businesses and other organizations. · Who uses accounting information and why? - Answer- Potential investors and creditors use accounting information, but basically everyone uses accounti...

D196-Principles of Financial & Managerial Accounting Exam Questions and Answers 100% Pass A cell reference that remains constant when a formula is pasted into a new cell - Answer- Absolute Cell Reference An accounting record in which the results of transactions accumulated; shows increases, decreases, and a balance. - Answer- Account A system for providing quantitative, financial information about economic entities that is useful for making sound economic decisions. Accounting provides th...

D196- Principles of Financial and Managerial Accounting Exam Questions and Answers 100% Pass bookkeeping - Answer- day to day keeping of transcations steps of decision making - Answer- identify issue gather information identify alternatives select option that most likely results in desired objective accounting - Answer- analysis of events record and report financial effects of business activities where does capital come from (3) - Answer- investors creditors(lenders) business itself (...

wgu d196 pre assessment questions and answers 100% pass What is an example of direct materials? Cost of robotic equipment in making automobiles Cost of sandpaper in making wood furniture Cost of saws and hammers in constructing a house Cost of aluminum in making an airplane - Answer- Cost of aluminum in making an airplane What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the same amount of work. Th...

WGU D196 Pre-Assessment Questions and Answers 100% Pass What is the effect of a company's accounting department maintaining high ethical standards? -The company can report more favorable results in its financial statements. -The company's accounting information will decrease in value. -The company can hire fewer accountants to do the same amount of work. -The company's accounting information will increase in value. - Answer- The company's accounting information will increase in value...

D196- Principles of Financial and Managerial Accounting Exam Questions and Answers 100% Pass bookkeeping - Answer- day to day keeping of transcations steps of decision making - Answer- identify issue gather information identify alternatives select option that most likely results in desired objective accounting - Answer- analysis of events record and report financial effects of business activities where does capital come from (3) - Answer- investors creditors(lenders) business itself (...

D196 WGU Exam Questions and Answers 100% Pass What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the same amount of work. The company's accounting information will decrease in value. The company can report more favorable results in its financial statements. The company's accounting information will increase in value. - Answer- The company's accounting information will increase in value. Why might e...