Exam Code: CPFA-001
Exam Name: Certified Professional Financial Accountant (CPFA)
Updated: Aug 21, 2026
Q & A: 0 Questions and Answers
CPFA-001 Free Demo download
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| Section | Objectives |
|---|---|
| Topic 1: Control and Monitoring of Cash | - Bank Checking Account Procedures - Internal Control Principles - Petty Cash Fund Management - Bank Reconciliation |
| Topic 2: Adjustments for Financial Reporting | - Adjusting Entries Classification - Accrued Revenues & Expenses - Cash vs Accrual Basis Accounting - Deferred Expenses & Depreciation |
| Topic 3: Measuring and Reporting Inventory | - Determining Inventory Costs - Perpetual Inventory Entries - Four Inventory Costing Methods - Merchandise Inventory Basics - Lower of Cost or Market Rule |
| Topic 4: Accounting - Merchandising Transactions | - Sales Returns and Allowances - Classified Income Statement - Gross Selling Price - Cost of Goods Sold |
| Topic 5: Accounting and Business Decision Making | - Entity Types & Equity Reporting - Accounting Environment & Framework - Financial Statements Structure - Impact of Transactions on Statements |
| Topic 6: Receivables and Payables | - Current Liabilities - Uncollectible Accounts & Write-offs - Short-term Financing - Notes Receivable and Notes Payable - Accounts Receivable Management |
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