Mastering WGU D102 – Financial Accounting

Mastering WGU D102 – Financial Accounting

Introduction

WGU D102 – Financial Accounting introduces foundational accounting principles for business students. Searching for “WGU D102 tips,” “how to pass WGU D102,” or “WGU D102 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

D102 covers financial accounting principles, including the accounting cycle, financial statements (balance sheet, income statement, cash flow statement), journal entries, and GAAP (Generally Accepted Accounting Principles). Students learn to record transactions, prepare financial statements, and analyze financial data, preparing for accounting or business management roles. The course aligns with WGU’s accounting and business programs. See the WGU Accounting Program Guide.

Useful Resources & Tips

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

  • WGU Course Materials: Use the e-textbook (often Financial Accounting by Weygandt), module quizzes, and Excel templates for journal entries and financial statements.
  • Reddit (r/WGU): Search for D102 or similar accounting courses (e.g., C243) for tips like practicing journal entries daily. Visit r/WGU.
  • Khan Academy: Offers tutorials on the accounting cycle, debits/credits, and financial statements. Explore Khan Academy.
  • AccountingCoach: Free resources on accounting principles, journal entries, and GAAP. Visit AccountingCoach.
  • YouTube: Watch Farhat’s Accounting Lectures or Accounting Stuff for videos on the accounting cycle and financial statements.
  • Studocu: Find D102 sample journal entries and financial statement analyses. Explore Studocu.
  • Course Hero: Review accounting problem sets and financial statement templates. Explore Course Hero.
  • Excel: Practice journal entries and financial statement preparation using WGU templates.
  • WGU Cohorts: Join sessions for instructor-led reviews and peer discussions on accounting concepts.

Reddit Insight: “D102 is heavy on journal entries and financial statements. Practice problems in the WGU modules and use AccountingCoach for clarity.”

Mode of Assessment

D102 includes:

  • Performance Assessment (PA): A project requiring preparation of financial statements, journal entries, and analysis of transactions, often using Excel.
  • Objective Assessment (OA): A multiple-choice exam (50–70 questions) covering the accounting cycle, GAAP, and financial statement analysis.

Both assessments test practical and theoretical accounting knowledge.

Common Challenges

Based on student feedback:

  • Understanding debits and credits in the accounting cycle.
  • Preparing accurate financial statements (e.g., balance sheet, income statement).
  • Applying GAAP principles to transactions.
  • Meeting rubric requirements for PA reports, including Excel accuracy.
  • Memorizing accounting terms and processes for the OA.

Course Hero Insight: “For D102, practice journal entries daily. The PA requires clean Excel work, so double-check calculations.”

How to Pass Easily

Strategies based on student experiences:

  1. Master the Accounting Cycle: Study the steps (journal entries, ledgers, trial balance, financial statements) using Khan Academy and AccountingCoach.
  2. Practice Journal Entries: Solve daily problems in WGU modules or Course Hero to master debits and credits.
  3. Use Excel: Practice financial statement preparation with WGU templates or Accounting Stuff tutorials.
  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 accurate calculations and clear explanations.
  6. Watch Tutorials: Farhat’s Accounting Lectures clarify complex topics like adjusting entries.
  7. Study Plan: Dedicate 2 weeks to accounting principles, 1–2 weeks to PA, and 1 week to OA prep.

Reddit Tip: “D102 took me 4 weeks. Focus on the accounting cycle and practice problems. The OA is doable if you ace the pre-assessments.”

Study Plan Example

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

Conclusion

WGU D102 – Financial Accounting builds foundational accounting skills. 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 D102 hard?

D102 is manageable with practice in journal entries and financial statements.

How long does WGU D102 take?

Typically 3–5 weeks, depending on accounting background.

Is WGU D102 an OA or PA?

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

What are the key topics on the exam?

Accounting cycle, financial statements, GAAP, and transaction analysis.

What’s the best way to study for WGU D102?

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

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Question 1

PE 5 Here is Maple Company?s portfolio of long-term available-for-sale securities at December 31, 2011: Cost 1,400 shares of Wickham Inc. common stock $73,500 1,200 shares of Kerry Corporation common stock 84,000 800 shares of H. Kelso Corporation preferred stock 33,600 On December 31, the total cost of the portfolio equaled the total fair value. Maple had the following transactions related to the securities during 2012. Jan. 20 Sold 1,400 shares of Wickham Inc. common stock at $55 per share less brokerage fees of $1,100. 28 Purchased 400 shares of $10 par value common stock of M. McLain Corporation at $78 per share plus brokerage fees of $480. 30 Received a cash dividend of $1.25 per share on Kerry Corporation common stock. Feb. 8 Received cash dividends of $0.40 per share on H. Kelso Corporation preferred stock. 18 Sold all 800 shares of H. Kelso preferred stock at $35 per share less brokerage fees of $360. July 30 Received a cash dividend of $1.10 per share on Kerry Corporation common stock. Sept. 6 Purchased an additional 600 shares of the $10 par value common stock of M. McLain Corporation at $82 per share plus brokerage fees of $800. Dec. 1 Received a cash dividend of $1.50 per share on M. McLain Corporation common stock. At December 31, 2012, the fair values of the securities were: Kerry Corporation common stock $65 per share M. McLain Corporation common stock $77 per share Maple uses separate account titles for each investment, such as Investment in Kerry Corporation Common Stock. Journalize stock transactions, and show balance sheet presentation. Instructions: ? Prepare journal entries to record the transactions. ? Post to the investment accounts. (Use separate T accounts for each investment.) ? Prepare the adjusting entry at December 31, 2012, to report the portfolio at fair value. ? Show the balance sheet presentation at December 31, 2012.

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Question 2

You were asked to reflect upon different approaches to strategy and their ability to utilize existing positions and strengths versus their encouragement of the development of alternative or creative outcomes. With these thoughts in mind, you are required to produce a 750 ? 1000 word assignment in which you focus on the following: ? Discuss the role and possibility of creativity in strategy work. ? Outline how strategic managers can combine exploitation with exploration. ? Highlight how, from your own experience, such a mix between efficiency increases and innovation can be established and how legitimacy can be gained from key stakeholders. Again, you should focus on key examples or factors (e.g. only key stakeholders) rather than attempting a comprehensive discussion of your organizational context. Try to relate your discussion to the positions and literature streams you have so far encountered in this course. Remember to cite and reference examples from the readings and journal articles for this week.,29% match with 12 site. Please correct it and resend. I have marked in yellow. need rewording to avoid plagiarism.,can you get it correct in 1 hrs time please.,Ma'am, earlier one I have attached wrongly it is for 7329458. Please find the attached report for 7340568. not much. few word required correction. can you please quickly do it.,when can I expect the response.,My question is; Do you think or believe that organizations should always anticipate competitive reactions and should explicitly incorporate them in in their strategic analysis? Assuming, you agreed, and how do you relate that to stakeholders legitimacy? please answer in few lines. if possible use the reference.,This was question asked by Tutor on the solution which I have submitted. The solution was provide by you. Are you expect me as new question ? If so how should I do it. Do I need to attached your solution as reference document and ask my question?,May I have your contact number to explain me need more clearly. Some time written communication would not reflect the correct need.,There are other student in class submitted their assignment. If I provide their assignment would able to ask valid question like the way they asked me my solutions. Would you want me to create a separate request for that?,I have submitted as separate assignment. can you please help. also I am create 2 more request.

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Question 3

To be solved by dkhetan: You answered the following problem previously: 27. What is the sustainable growth rate and required return for Abbott Laboratories? Using these values, calculate the 2010 share price of Abbott Laboratories Industries stock according to the constant dividend growth model. 28. Using the P/E, P/CF, and P/S ratios, estimate the 2010 share price for Abbott Laboratories. Use the average stock price each year to calculate the price ratios. 29. Assume the sustainable growth rate and required return you calculated in Problem 27 are valid. Use the clean surplus relationship to calculate the share price for Abbott Laboratories with the residual income model. 30. Use the information from the previous problem and calculate the stock price with the clean surplus dividend. Do you get the same stock price as in the previous problem? Why or why not? 31. Given your answers in the previous questions, do you feel Abbott Laboratories is overvalued or undervalued at its current price of around $50? At what price do you feel the stock should sell? I downloaded the attachment and was going thru it trying to solve it myself, showing steps, but I got stuck on problem 29 and was wondering if you could assist and show me the numbers you used to calculate "r". I may also need help with the other questions.

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Question 4

CASE 5?18 Analysis of Mixed Costs in a Pricing Decision [ LO1 , LO2 or LO3 or LO5 ] Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez?s business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez?s customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows: Labor- Overhead Month Hours Expenses January . . . . . . . . . . 2,500 $ 55,000 February . . . . . . . . . 2,800 59,000 March. . . . . . . . . . . . 3,000 60,000 April . . . . . . . . . . . . . 4,200 64,000 May . . . . . . . . . . . . . 4,500 67,000 June. . . . . . . . . . . . . 5,500 71,000 July . . . . . . . . . . . . . 6,500 74,000 August . . . . . . . . . . . 7,500 77,000 September. . . . . . . . 7,000 75,000 October . . . . . . . . . . 4,500 68,000 November . . . . . . . . 3,100 62,000 December . . . . . . . . 6,500 73,000 Total . . . . . . . . . . . . . 57,600 $805,000 The standard cocktail party lasts three hours and Chavez hires one worker for every six guests, so that works out to one-half hour of labor per guest. These workers are hired only as needed and are paid only for the hours they actually work. When bidding on cocktail parties, Chavez adds a 15% markup to yield a price of about $31 per guest. She is confi dent about her estimates of the costs of food and beverages and labor but is not as comfortable with the estimate of overhead cost. The $13.98 overhead cost per labor-hour was determined by dividing total overhead expenses for the last 12 months by total labor-hours for the same period. Monthly data concerning overhead costs and labor-hours follow: Cases Chavez has received a request to bid on a 180-guest fund-raising cocktail party to be given next month by an important local charity. (The party would last the usual three hours.) She would like to win this contract because the guest list for this charity event includes many prominent individuals that she would like to land as future clients. Maria is confi dent that these potential customers would be favorably impressed by her company?s services at the charity event. Cost Behavior: Analysis and Use 225 Required: 1. Estimate the contribution to profi t of a standard 180-guest cocktail party if Chavez charges her usual price of $31 per guest. (In other words, by how much would her overall profi t increase?) 2. How low could Chavez bid for the charity event in terms of a price per guest and still not lose money on the event itself? 3. The individual who is organizing the charity?s fund-raising event has indicated that he has already received a bid under $30 from another catering company. Do you think Chavez should bid below her normal $31 per guest price for the charity event? Why or why not?,So, if each quest costs 26.99 and Maria was adding a 15% markup to the price for profitability, if she bids 29.00. Wouldn't she still make a profit.

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Question 5

Scalia's Cleaning Service is investigating the purchase of an ultrasound machine for cleaning window blinds. The machine would cost $136,700, including invoice cost, freight, and training of employees to operate it. Scalia's has estimated that the new machine would increase the company?s cash flows, net of expenses, by $25,000 per year. The machine would have a 14-year useful life with no expected salvage value. (Ignore income taxes.) (refer to attched tables) Required: 1. Compute the machine?s internal rate of return. (Round discount factor(s) to 3 decimal places and final answer to the closest interest rate. Omit the "%" sign in your response.) Internal rate of return % 2. Compute the machine's net present value. Use a discount rate of 16%. (Leave no cells blank - be certain to enter "0" wherever required. Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount. Omit the "$" sign in your response.) Net present value $ 3. Suppose that the new machine would increase the company's annual cash flows, net of expenses, by only $20,000 per year. Under these conditions, compute the internal rate of return. (Round discount factor(s) to 3 decimal places and final answer to the closest interest rate. Omit the "%" sign in your response.) Internal rate of return %