Mastering WGU D102A – Financial Accounting

Mastering WGU D102A – Financial Accounting

Introduction

WGU D102A – Financial Accounting, likely a continuation or variation of D102, advances students’ understanding of financial accounting principles. Searching for “WGU D102A tips,” “how to pass WGU D102A,” or “WGU D102A Reddit”? This comprehensive guide provides detailed resources, student-tested strategies, and insights from Reddit, Studocu, and Course Hero to excel in this course.

Course Description

D102A builds on D102, covering advanced topics in financial accounting, such as complex journal entries, financial statement preparation, adjusting entries, and advanced GAAP (Generally Accepted Accounting Principles) applications. Students may explore topics like depreciation, inventory valuation (e.g., FIFO, LIFO), and financial ratio analysis. The course prepares students for accounting or business management roles, emphasizing practical application through case studies and Excel-based exercises. See the WGU Accounting Program Guide.

Useful Resources & Tips

Based on extensive student feedback from Reddit, Studocu, Course Hero, and accounting forums:

  • WGU Course Materials: Use the e-textbook (often Financial Accounting by Weygandt), advanced module quizzes, and Excel templates for complex journal entries and financial statements.
  • Reddit (r/WGU): Search for D102A or D102 threads for tips like mastering depreciation and inventory methods. Students recommend daily practice with journal entries. Visit r/WGU.
  • AccountingCoach: Offers detailed tutorials on advanced topics like inventory valuation and adjusting entries. Visit AccountingCoach.
  • Khan Academy: Review financial statement analysis and advanced GAAP applications. Explore Khan Academy.
  • YouTube: Watch Farhat’s Accounting Lectures or Accounting Stuff for videos on depreciation, inventory, and ratio analysis.
  • Studocu: Find D102A or D102 sample projects, including journal entries and financial statement analyses. Explore Studocu.
  • Course Hero: Access advanced accounting problem sets and financial statement templates. Explore Course Hero.
  • Excel: Practice complex calculations (e.g., depreciation schedules, inventory costing) using WGU templates or online tutorials.
  • WGU Cohorts: Join live or recorded sessions for instructor-led reviews and peer discussions on advanced accounting concepts.

Reddit Insight: “D102A is tougher than D102 due to inventory and depreciation. Use Excel for calculations and practice problems daily to nail the PA.”

Mode of Assessment

D102A likely includes:

  • Performance Assessment (PA): A project requiring preparation of advanced financial statements, complex journal entries, and analysis (e.g., ratio analysis, inventory valuation) using Excel.
  • Objective Assessment (OA): A multiple-choice exam (50–70 questions) covering advanced accounting topics like depreciation, inventory methods, and GAAP applications.

Check WGU’s course portal for specific requirements.

Common Challenges

Based on student feedback and D102 similarities:

  • Mastering complex journal entries for depreciation and inventory.
  • Applying advanced GAAP principles to real-world scenarios.
  • Preparing accurate financial statements with adjusting entries.
  • Meeting rubric requirements for PA reports, including Excel accuracy.
  • Memorizing advanced accounting terms and calculations for the OA.

Course Hero Insight: “D102A’s PA requires detailed Excel work. Double-check inventory calculations like FIFO/LIFO to avoid revisions.”

How to Pass Easily

Strategies based on student experiences:

  1. Master Advanced Concepts: Focus on depreciation, inventory valuation (FIFO, LIFO), and ratio analysis using AccountingCoach and Khan Academy.
  2. Practice Journal Entries: Solve daily problems in WGU modules or Course Hero to master complex entries.
  3. Use Excel: Practice financial statement preparation and calculations (e.g., depreciation schedules) with WGU templates.
  4. Take Pre-Assessments: Use WGU pre-assessments to prepare for the OA, focusing on GAAP and financial ratios.
  5. Follow Rubrics: Align PA reports with WGU guidelines, ensuring clear calculations and explanations.
  6. Watch Tutorials: Farhat’s Accounting Lectures clarify topics like inventory costing and adjusting entries.
  7. Study Plan: Dedicate 2 weeks to advanced concepts, 1–2 weeks to PA, and 1 week to OA prep.

Reddit Tip: “D102A took me 4 weeks. Practice inventory methods and use Excel for the PA. Pre-assessments are key for the OA.”

Study Plan Example

Week 1: Study depreciation and inventory valuation (WGU modules, AccountingCoach).
Week 2: Practice advanced journal entries and financial statements (Khan Academy, Excel).
Week 3: Draft PA project, take pre-assessments.
Week 4: Finalize PA, review for OA, and submit.

Conclusion

WGU D102A – Financial Accounting deepens your accounting expertise. With resources like AccountingCoach, Khan Academy, and student strategies from Reddit, you’ll pass confidently. Explore WGU course guides for more.

Frequently Asked Questions

Is WGU D102A hard?

D102A is manageable with practice in complex journal entries and Excel.

How long does WGU D102A take?

Typically 3–5 weeks, depending on accounting background.

Is WGU D102A an OA or PA?

It’s both: a Performance Assessment (PA) and Objective Assessment (OA).

What are the key topics on the exam?

Depreciation, inventory valuation, GAAP, and financial statement analysis.

What’s the best way to study for WGU D102A?

Use WGU modules, AccountingCoach, Khan Academy, Excel, and pre-assessments.

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Question 1

NEED HELP ASAP!!!! PLEASE HELP!!! Use the table ?Food and Beverage Sales for Luigi?s Italian Restaurant? to answer the questions below. Food and Beverage Sales for Luigi?s Italian Restaurant ($000s) Month First Year Second Year January 218 237 February 212 215 March 209 223 April 251 174 May 256 174 June 216 135 July 131 142 August 137 145 September 99 110 October 117 117 November 137 151 December 213 208 Part (a) Calculate the regression line and forecast sales for February of Year 3. Part (b) Calculate the seasonal forecast of sales for February of Year 3. Part (c) Which forecast do you think is most accurate and why?,Michael, thank you SO much but i need it in next 15 minuts and NOT later! PLZ HELP ME! thank!!!,PLEASE PLEASE PLEASE!! I NEED IT ASAP!!!! PLEASE LET ME KNOW IF YOU CAN HELP ASAP! THANK YOU SOSOSO MUCH!,Mimi Company is considering a capital investment of $250,000 in new equipment. The equipment is expected to have a 5-year useful life with no salvage value. Depreciation is computed by the straight-line method. During the life of the investment, annual net income and cash inflows are expected to be $25,000 and $75,000, respectively. Mimi's minimum required rate of return is 10%. Part (a) Calculate the payback period. Part (b) Calculate the net present value. Part (c) Calculate the accounting rate of return.

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Question 2

"Management 002 ? Organization and Management Theory" Parameters The Management Plan Term paper requires a minimum of 500 words (cumulative for all 4 parts). In all work use Arial type font, size 12. Be sure to use proper spelling, grammar, and punctuation. Your paper will be assessed and graded according to the grading rubric shown at the end of paper assignment. Objective The objective of the Management Plan Term paper is to help determine if you have management potential and to focus on your efforts in obtaining the necessary education and skills to enter your particular field of management. The Management Plan Paper is organized into four (4) parts. Each part is designed to take you through a process to determine your management potential for a career in management: 1. Part-1 ? APTITUDE & SKILLS ASSESSMENT ? Discover and identify management skills and preferences. 2. Part-2 ? MANAGEMENT OPTIONS ? Determine management career path options and selection. 3. Part-3 ? EDUCATIONAL PREPARATION - Developing a plan for obtaining education required for selected management career path. 4. Part-4 ? TIMELINE - Developing a timeline related to obtaining educational goals and management career. PART ? 1 ?APTITUDE & SKILLS ASSESSMENT APTITUDE & SKILLS ASSESSMENT: In each section of the paper, you will determine the type of management jobs for which you have an aptitude or a personal preference. You will use the online links provided by the LAHC Student Services, Transfer and Career Center. These provide free services and will help you assess your management potential and begin to formulate a plan. Follow the steps, below, to get started: ? To get started, go to the LAHC home page located at the following link: http://www.lahc.edu ? Once at the LAHC home page, click on the STUDENT SERVICES link on the top left-hand side. ? Scroll down to the bottom of the page and click on the Transfer Center link on the lower LEFT-hand side. ? Click on the CAREER CENTER link. ? Scroll down, again, and click on the Career Resources link. ? Now you should see the following web links: At Career Zone California you will be able to assess yourself, explore multiple careers and start planning out your career. ASSIST facilitates the transfer of California Community College students to California's public four-year universities by providing academic planning. You can search by majors. Inside carreer info At this site you will be able to get information on your career. What are the job duties, what are the worst and best parts of the job, getting the job and much more. EUREKA, is a paid program by LAHC to help you discover, pursue and plan out your long term career life process. The website ishttp://www.eurekanet.org/ and the password is IBNVONN. ? Explore each of these links to see the type of information available to you on the web. ? After thoroughly exploring the resources available to you on links #2 & #4 compose an essay that responds to each of the questions, below. This is not a "list" assignment. Don?t forget, you are expected to submit a minimum of 500 words, organized in well-developed paragraphs. Required#1: Write a complete statement on your experiences using the links provided by the LAHC Student Services TRANSFER AND CAREER CENTER web links in regard to the options available to you for a management career: ? What did you find out by using the online resources? ? What insights, if any, were revealed to you? ? What did you like about using the online resources? ? What criticism do you have about the online resources? ? What management objectives have you set for yourself? When completed, submit all four parts in one word document ?

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Question 3

PROBLEM # 1: You have just turned 26, and you intend to start saving for your retirement. You plan to retire in 40 years at age when you turn 65. During your retirement you would like to have an annual income of $140,000 per year for the next 27 years after retirement. Calculate how much you would have to save between now and age 68 in order to finance your retirement income. Make the following assumptions: ?h All savings draw compounded interest of 10 percent per year. ?h You make the first payment today and the last payment on the day of your turn 68 (43 annual end of the year payments). ?h You make the first withdrawal when you turn 68 and the last withdrawal when you turn 94 (26 annual withdrawals). PROBLEM # 2: You are offered an asset that costs $6000 and has cash flows of $1000 every three months (end of period) of the next 10 years. a. If your cost of capital is 9.2 percent, should you purchase it? b. What is the IRR of the asset? c. What is the NPV of the asset? (Setup cash flows in Excel spreadsheets and use following Excel Financial functions, IRR and NPV to obtain your answers.) PROBLEM # 3: You just took a $20,000, three-year loan. Payments at the end of each quarter are flat (equal in every quarter) at an interest rate of 8 percent. Calculate the appropriate loan table, showing the breakdown in each year between principal and interest. PROBLEM # 4: Use Excel, construct an amortization table for the following mortgage. In the amortization table, provide all the information listed below. (Assuming interest is compounded monthly and payments are due at the end of the month). For a 30-year Fixed-rate-level-payment mortgage (FRM) of $350,000 with the annual mortgage rate of 9.25% Compute and illustrate the following in an amortization table: ? Monthly Payment of the mortgage. ? Mortgage Balance Remaining at the end of each month (Total 180 months) ? Principal Repayment for each month. ? Interest Expenses for each month, each year, and the life of the loan. Problem # 4: HINTS: Create in Excel the following: Year Interest Rate Monthly Int. rate # of Periods Loan Amount Present Value Future Value Period Monthly Payment Interest Amount Principal Loan Balance Total Interest Each month in ascending order Use PMT function Use IPMT function Use PPMT function or =(Monthly Payment ? Interest amount = (Loan Amount - Principal ) Add the interest expense from each period,this hojmework is due tonight. what could i do to increase the priority? thanks for your help,It is highly important for me to know if the delliverable is possible or not. the deadline is tonight and i need to arrange accordingly. thanks for your help let me know if there is anything else i could do

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Question 4

(TCO A) Which of the following is an advantage of the sole proprietorship relative to the corporate form of business organization? (Points : 5) Limited liability of investor Transferability of ownership Simple to establish Unlimited life 2. (TCO A) The payment of cash dividends is recorded in the _____. (Points : 5) operating section of the statement of cash flows investing section of the statement of cash flows financing section of the statement of cash flows noncash investing and financing section of the statement of cash flows 3. (TCOs A, B) Below is a partial list of account balances for Landon Company:: Cash $10,000 Prepaid insurance 700 Accounts receivable 3,500 Accounts payable 2,800 Notes payable 4,200 Common stock 1,400 Dividends 700 Revenues 21,000 Expenses 17,500 What did Landon Company show as total debits? (Points : 5) $32,400 $29,400 $34,500 $35,200 4. (TCOs B, E) Under the accrual basis of accounting, revenues are recorded and reported _____. (Points : 5) when companies receive payments for jobs performed or products provided when companies have provided products or performed services when companies receive payments prior to providing products or performing services when companies receive payments after providing products or performing services 5. (TCO D) In a period of increasing prices, which inventory cost flow assumption will result in the highest amount of net income? (Points : 5) LIFO The average cost method FIFO Income tax expense for the period will be the same under all assumptions. 6. (TCOs A, E) Equipment was purchased for $55,000 on January 1, 2011. Freight charges of $2,200 were incurred and there was a cost of $1,800 for installation. It is estimated the equipment will have a $5,500 salvage value at the end of its 5-year useful life. Depreciation expense for 2011 using the straight-line method will be _____. (Points : 5) $10,340 $10,700 $10,260 $9,900 7. (TCOs D, G) Payne Corporation issues 100 twenty-year, 6%, $1,000 bonds dated July 1, 2010, at 94. The journal entry to record the amount of cash will show a _____. (Points : 5) debit to Cash of $194,000 debit to Cash of $100,000 debit to Cash of $94,000 debit to Cash of $60,000 8. (TCO C) Accounts receivable arising from sales to customers amounted to $80,000 and $100,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $1,000,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is _____. (Points : 5) $20,000 $1,020,000 $1,000,000 $980,000 9. (TCO F) If you are making comparisons with other companies to provide insight into a company's competitive position, you are performing what type of analysis? (Points : 5) Common-size analysis Intercompany analysis Intracompany analysis Industry average analysis 10. (TCO F) The formula for performing horizontal analysis is _____. (Points : 5) (Current Year Amount minus Base Year Amount) divided by Current Year Amount Base Year Amount divided by Current Year Amount Current Year Amount minus Base Year Amount (Current Year Amount minus Base Year Amount) divided by Base Year Amount 11. (TCO F) Horizontal analysis is a technique for evaluating a series of financial statement data over a period of time _____. (Points : 5) that has been arranged from the highest number to the lowest number that has been arranged from the lowest number to the highest number to determine which numbers are in error to determine the amount and/or percentage increase or decrease that has taken place 12. (TCO F) Ratio analysis is helpful for _____. (Points : 5) identifying differences between numbers identifying causes of variances between numbers performing a horizontal analysis comparing companies of different sizes 13. (TCO F) Stockholders would be most interested in which of the following ratios? (Points : 5) Days in inventory Free cash flow Current ratio Average collection period 14. (TCO G) To calculate the market value of a bond, we need to _____. (Points : 5) multiply the bond price times the interest rate calculate the present value of the principal only calculate the present value of the interest only calculate the present value of both the principal and interest payments

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Question 5

Late in the year, Software City began carrying WordCrafter, a new word processing software program. At December 31, Software City?s perpetual inventory records included the following cost layers in its inventory of WordCrafter programs: Purchase Date Quantity Unit Cost Total Cost Nov. 14 8 $ 400 $ 3,200 Dec. 12 20 310 6,200 Total available for sale at Dec. 31 28 $ 9,400 a. At December 31, Software City takes a physical inventory and finds that all 28 units of Word-Crafter are on hand. However, the current replacement cost (wholesale price) of this product is only $250 per unit. a-1 Prepare the entries to record this write-down of the inventory to the lower-of-cost-or-market at December 31. (Company policy is to charge LCM adjustments of less than $2,000 to Cost of Goods Sold and larger amounts to a separate loss account.) (Omit the "$" sign in your response.) General Journal Debit Credit 1. a-2 Prepare the entries to the cash sale of 15 WordCrafter programs on January 9, at a retail price of $350 each. Assume that Software City uses the FIFO flow assumption. (Omit the "$" sign in your response.) General Journal Debit Credit 2. b. Now assume that the current replacement cost of the WordCrafter programs is $405 each. A physical inventory finds only 25 of these programs on hand at December 31. (For this part, return to the original information and ignore what you did in part a.) b-1 Prepare the journal entry to record the shrinkage loss assuming that Software City uses the FIFO flow assumption. (Omit the "$" sign in your response.) General Journal Debit Credit 1. b-2 Prepare the journal entry to record the shrinkage loss assuming that Software City uses the LIFO flow assumption. (Omit the "$" sign in your response.) General Journal Debit Credit 2.