What the Course Entails and Exam Details

This comprehensive course advances your mastery of sophisticated accounting standards and application. The D105 curriculum dives deep into technical areas including the interpretation and creation of the Statement of Cash Flows using both direct and indirect methods, accounting for various types of investments, navigating complex revenue recognition scenarios, and understanding the intricate details of accounting for income taxes, pension plans, and post-retirement benefits. Students must also become proficient in the multifaceted rules of lease accounting for both lessors and lessees, as well as accounting changes, error analysis, and the full disclosure requirements vital for transparent financial reporting. The final Objective Assessment (OA) for this course is a rigorous, proctored exam that measures competence across all these critical areas, ensuring you can apply GAAP (Generally Accepted Accounting Principles) to complex, practical scenarios.

What to Expect in the Final Exam

The final step for passing D105 is the Objective Assessment (OA). Like all WGU proctored exams, you will take this from your own private space, connected with an external proctor via camera and screen sharing. The exam format is structured as a mix of multiple-choice questions and complex, scenario-based application problems that require you to calculate and solve real-world accounting issues. While the specific number of questions can vary, expect a time limit of approximately two to three hours. To pass, you must demonstrate "competence" in each of the primary domains, which typically equates to achieving an overall score that meets or exceeds a set proficiency level, often around the equivalent of a 70% average. A basic four-function or scientific calculator and an erasable whiteboard are permitted during the exam.

How to Study and Exam Centers

Preparation for the D105 OA must be deliberate and practice-heavy. Start by taking the official WGU Pre-Assessment (PA). Treat this like the real exam. Use your PA coaching report to pinpoint specific weak areas and focus your study time on those concepts. Do not simply memorize terms; you must understand the underlying 'why' and be able to perform the multi-step calculations for cash flows, lease amortization schedules, and pension expense. Complete all learning checks, quizzes, and unit tests within the online textbook until you consistently score above 80% with confidence. The WGU accounting community is very active on forums and can provide peer-to-peer tips, but always rely on official WGU resources and course instructors for confirmation. You do not need a physical testing center; all WGU Objective Assessments are proctored online and can be scheduled 24/7.

Job Opportunities from the Course

Mastering Intermediate Accounting III unlocks numerous advanced career paths. Successfully navigating this degree program and its signature final intermediate course opens doors to roles such as: staff accountant, junior auditor, tax associate, forensic accountant, corporate accountant, and financial analyst, with significant upward mobility. Many graduates utilize this foundation to begin studying for and ultimately achieving the Certified Public Accountant (CPA) designation, leading to positions like accounting manager, controller, internal audit director, and Chief Financial Officer (CFO).