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GAQM CPFA-001 Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Accounting - Control and Monitoring of Cash Assessment | - Cash Control
- 1. Control of Cash
- 2. Bank Checking Account
- 3. Controlling Cash
- 4. Petty Cash Fund
- 5. Bank Reconciliation
- 6. Internal Controls
|
| Topic 2: Accounting - Merchandising Transactions | - Merchandising Transactions
- 1. Cost of Goods Sold
- 2. Gross Selling Price
- 3. Returns and Allowances
- 4. Classified Income Statement
|
| Topic 3: Adjustments for Financial Reporting | - Adjusting Entries
- 1. Adjustments for Accrued Items
- 2. Classes and Types of Adjusting Entries
- 3. Cash versus Accrual Basis Accounting
- 4. Depreciation Adjustments
- 5. Adjustments for Deferred Expenses
|
| Topic 4: Measuring and Reporting Inventory | - Inventory Management
- 1. Four Inventory Costing Methods
- 2. Departures from Cost Basis for Inventory Measurement
- 3. Advantages and Disadvantages of Inventory Costing Methods
- 4. Journal Entries for Perpetual Inventory Procedure
- 5. Determining Inventory Costs
- 6. Merchandise Inventory
|
| Topic 5: Accounting - Receivables and Payables | - Receivables and Liabilities
- 1. Write-offs and Recoveries
- 2. Uncollectable Accounts
- 3. Current Liabilities
- 4. Short-Term Financing Through Notes Payable
- 5. Notes Receivable and Notes Payable
- 6. Accounts Receivable
|
| Topic 6: Accounting and Its Use in Business Decisions | - Business Accounting Fundamentals
- 1. Financial Statements of Business Organizations
- 2. The Financial Accounting Process
- 3. Overview of Accounting
- 4. Dividends and Equity Ratios
- 5. The Accounting Environment
- 6. How Transactions Affect Income Statements and Balance Sheets
- 7. Accounting Defined
|