1
WGU - D774 PRE-ASSESSMENT 2-
COMPREHENSIVE Q&A FOR CERTIFICATION
SUCCESS 2026
Historical period of increased accounting importance - correct-answer -The
Industrial Revolution
Effect of Sarbanes-Oxley Act of 2002 - correct-answer -It increased corporate
responsibility.
Using corporate credit card for personal expenses - correct-answer -Fraud
Purpose of financial accounting - correct-answer -Provides historical financial data
in standardized reports for external stakeholders
Feature of managerial accounting reports - correct-answer -Tailored to meet
internal decision-makers' needs
, 2
Statement describing managerial accounting reports - correct-answer -Prepared
for internal decision-making needs of management
Effect of inflation on incremental budgets - correct-answer -Increases occur
automatically without performance evaluation
What is carried over in incremental budgeting - correct-answer -Past year's actual
performance
Bottom-up incremental budgeting - correct-answer -Budgeting that starts with
plant managers?
Limitation of incremental vs zero-based budgeting - correct-answer -May carry
over inefficiencies without review
Strategy for managing non-peak expenses in ZBB - correct-answer -Allocate extra
money into a savings fund for irregular costs
First step in zero-based budgeting - correct-answer -Identifying and categorizing
all expected expenses
WGU - D774 PRE-ASSESSMENT 2-
COMPREHENSIVE Q&A FOR CERTIFICATION
SUCCESS 2026
Historical period of increased accounting importance - correct-answer -The
Industrial Revolution
Effect of Sarbanes-Oxley Act of 2002 - correct-answer -It increased corporate
responsibility.
Using corporate credit card for personal expenses - correct-answer -Fraud
Purpose of financial accounting - correct-answer -Provides historical financial data
in standardized reports for external stakeholders
Feature of managerial accounting reports - correct-answer -Tailored to meet
internal decision-makers' needs
, 2
Statement describing managerial accounting reports - correct-answer -Prepared
for internal decision-making needs of management
Effect of inflation on incremental budgets - correct-answer -Increases occur
automatically without performance evaluation
What is carried over in incremental budgeting - correct-answer -Past year's actual
performance
Bottom-up incremental budgeting - correct-answer -Budgeting that starts with
plant managers?
Limitation of incremental vs zero-based budgeting - correct-answer -May carry
over inefficiencies without review
Strategy for managing non-peak expenses in ZBB - correct-answer -Allocate extra
money into a savings fund for irregular costs
First step in zero-based budgeting - correct-answer -Identifying and categorizing
all expected expenses
