WGU D196 EXAM BUNDLE!!!!!

bookkeeping day to day keeping of transcations steps of decision making identify issue gather information identify alternatives select option that most likely results in desired objective accounting analysis of events record and report financial effects of business activities ...

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 deter...

absolute cell reference A cell reference that does not change when copied or moved to a new cell. Account An accounting record in which the results of transactions are accumulated; shows increases, decreases, and a balance. Accounting A system for providing quantitative, financial i...

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 statement...

the production budget Sales budget + ending finished goods inventory - beginning finished goods inventory direct materials production budget Production budget × direct materials per unit the direct materials purchases budget Direct materials production budget + ending direct materi...

Absolute Cell Reference A cell reference that remains constant when a formula is pasted into a new cell Account An accounting record in which the results of transactions accumulated; shows increases, decreases, and a balance. Accounting A system for providing quantitative, financial...

Manufacturing Overhead Budget Which budget should include all production costs other than those for direct materials and direct labor? Accounts receivable Which account is a common asset account? Balance Sheet On which financial statement would you see the valuation of a company's ...

Accounting plays a vital role in the decision-making process. Which action is the first step in the decision-making process? Identify the issue The money that a company needs to buy its land, pay its employees, and buy its supplies is called capital. What are the potential sources of capital f...

Unit 2: International Accounting Standards Board (IASB) A committee formed to develop international accounting standards. Unit 2: American Institute of Certified Public Accountants (AICPA) A professional organization for CPAs in which membership is voluntary. Professional Sanctions U...

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 Cost of aluminum in making an airplane What is the effect of a compan...

Accounting plays a vital role in the decision-making process. Which action is the first step in the decision-making process? Identify the issue. Identifying the issue is the first step in the decision-making process. The money that a company needs to buy its land, pay its employees, and buy ...

What is the role and purpose of accounting? 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? Managerial ...

Financial Accounting People outside of the company Managerial Accounting People inside of the company Bookkeeping the preservation of a systematic, quantitative record of an activity Analysis; Bookkeeping; Evaluation Accounting involves _______, meaning looking at business e...

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 ...