PASSING D196- Principles of Financial and Managerial Accounting Study Guide - These are the main things I studied to pass D196 at WGU. Good luck! Western Governors University
D196 Financial and Managerial Accounting Important Concepts to Understand • Financial Accounting: The gathering, reporting, and analysis of information primarily for the benefit of external users like investors and creditors. • Managerial Accounting: The gathering and analysis of information for the purpose of internal decision making. • Assets: Resources owned by a business o Cash, accounts receivable, notes receivable, prepaid expenses etc.