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

CPFA-001 real exams

Exam Code: CPFA-001

Exam Name: Certified Professional Financial Accountant (CPFA)

Updated: Sep 06, 2026

Q & A: 0 Questions and Answers

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GAQM CPFA-001 Exam Syllabus Topics:

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

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