WGU C213 Accounting for Decision Makers Exam Questions and Answers (2022/2023) (Verified Answers)

WGU C213 Accounting for Decision Makers Exam

2022/2023

1.Accounting<

company and the organization of that information into summary

reports used to evaluate the company's financial status

2.Bookkeeping<

3.accounting system<

bookkeeping tasks and to structure the information so it can be used

to evaluate the performance and financial status of the business

4.Accounting information<

decisions about the future.

5. The balance sheet, the income statement, and the statement of

cashflows-

<

6.External Users<

prepared for and used by?

7.Managerial Accounting<

designed for internal users

8.Balance Sheet<

equity

9.Income Statement<

company during a period

10.Net income<

11.statement of cash flows<

paid out by a company in the following three types of activities

operating, investing, and financing

12.FASB<

13.Financial Accounting Standards Board (FASB)<

established and supported by the joint efforts of the U.S. business

community, financial ana- lysts, and practicing accountants

14.The Securities and Exchange Commission (SEC)<

that regulates U.S. stock exchanges and seeks to create a fair

information environment in which investors can buy and sell stocks

without fear that companies are hiding or manipulating financial data

15.American Institute of Certified Public Accountants (AICPA)<

profes- sional organization of certified public accountants (CPAs) in

the United States

16.Public Company Accounting Oversight Board (PCAOB)<

organization that inspects the audit practices of registered audit firms

and has statutory authority