GAQM Certified Professional Financial Accountant (CPFA) : CPFA-001

  • Exam Code: CPFA-001
  • Exam Name: Certified Professional Financial Accountant (CPFA)
  • Updated: Sep 08, 2026     Q & A: 0 Questions and Answers

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GAQM CPFA-001 Exam Syllabus Topics:

SectionObjectives
Accounting - Receivables and Payables- Receivables and Liabilities
  • 1. Current Liabilities
  • 2. Short-Term Financing Through Notes Payable
  • 3. Accounts Receivable
  • 4. Uncollectable Accounts
  • 5. Notes Receivable and Notes Payable
  • 6. Write-offs and Recoveries
Accounting - Merchandising Transactions- Merchandising Transactions
  • 1. Returns and Allowances
  • 2. Gross Selling Price
  • 3. Cost of Goods Sold
  • 4. Classified Income Statement
Adjustments for Financial Reporting- Adjusting Entries
  • 1. Depreciation Adjustments
  • 2. Classes and Types of Adjusting Entries
  • 3. Adjustments for Deferred Expenses
  • 4. Cash versus Accrual Basis Accounting
  • 5. Adjustments for Accrued Items
Accounting and Its Use in Business Decisions- Business Accounting Fundamentals
  • 1. Accounting Defined
  • 2. The Accounting Environment
  • 3. The Financial Accounting Process
  • 4. How Transactions Affect Income Statements and Balance Sheets
  • 5. Financial Statements of Business Organizations
  • 6. Dividends and Equity Ratios
  • 7. Overview of Accounting
Measuring and Reporting Inventory- Inventory Management
  • 1. Departures from Cost Basis for Inventory Measurement
  • 2. Advantages and Disadvantages of Inventory Costing Methods
  • 3. Journal Entries for Perpetual Inventory Procedure
  • 4. Merchandise Inventory
  • 5. Four Inventory Costing Methods
  • 6. Determining Inventory Costs
Accounting - Control and Monitoring of Cash Assessment- Cash Control
  • 1. Internal Controls
  • 2. Bank Checking Account
  • 3. Control of Cash
  • 4. Controlling Cash
  • 5. Bank Reconciliation
  • 6. Petty Cash Fund

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