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

CPFA-001 Exam Questions
  • 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
Topic 1: Accounting Fundamentals and Merchandising Transactions- Merchandising Transactions
  • 1. Classified Income Statement
    • 2. Gross Selling Price
      • 3. Cost of Goods Sold
        • 4. Returns and Allowances
          Topic 2: Inventory Measurement and Reporting- Inventory Accounting
          • 1. Inventory Valuation Adjustments
            • 2. Inventory Cost Determination
              • 3. Inventory Costing Methods
                • 4. Perpetual Inventory Journal Entries
                  • 5. Merchandise Inventory
                    Topic 3: Cash Control and Internal Systems- Cash Management
                    • 1. Petty Cash Systems
                      • 2. Internal Controls
                        • 3. Bank Reconciliation
                          Topic 4: Financial Accounting and Business Decision Making- Financial Reporting
                          • 1. Equity and Dividend Concepts
                            • 2. Business Organization Structures
                              • 3. Financial Statements
                                • 4. Accounting Process Overview
                                  Topic 5: Adjusting Entries and Financial Reporting- Accounting Adjustments
                                  • 1. Accrual vs Cash Basis Accounting
                                    • 2. Accrued Items Adjustments
                                      • 3. Deferred Expenses and Revenues
                                        • 4. Depreciation Adjustments
                                          Topic 6: Receivables and Payables- Short-Term Accounts
                                          • 1. Accounts Receivable
                                            • 2. Accounts Payable and Current Liabilities
                                              • 3. Write-offs and Recoveries
                                                • 4. Notes Receivable and Payable
                                                  • 5. Uncollectible Accounts

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