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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GAQM CPFA-001 Exam Syllabus Topics:

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

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