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

"Certified Professional Financial Accountant (CPFA)", also known as CPFA-001 exam, is a GAQM Certification. With the complete collection of questions and answers, UpdateDumps has assembled to take you through 0 Q&As to your CPFA-001 Exam preparation. In the CPFA-001 exam resources, you will cover every field and category in GAQM: Finance And Accounting Certification helping to ready you for your successful GAQM Certification.

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  • Updated on: Sep 13, 2026
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  • Updated on: Sep 13, 2026
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GAQM CPFA-001 Exam Syllabus Topics:

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

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