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GAQM CPFA-001 Exam Syllabus Topics:

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

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