Certified Professional Accountant Manager™ (CPAM™)
Target Audience
- Individuals working in the financial services industry
- Auditor
- Budget Analyst
- Financial Assistant
- Financial Manager
- Professional Accountant
Exam Information
Course Outline
Module 1 – Accounting – Merchandising Transactions
- Merchandising Transactions
- Gross Selling Price
- Returns and Allowances
- Cost of Goods Sold
- Classified Income Statement
Module 2 – Measuring and Reporting Inventory
- Merchandise Inventory
- Determining Inventory Costs
- Four Inventory Costing Methods
- Pros and Cons of the Four Costing Methods
- Journal Entries for the perpetual Inventory Procedure
- Departures from Cost Basis for Inventory Measurement
Module 3 – Accounting – Control and Monitoring of Cash Assessment
- Control of Cash
- Internal Controls
- Controlling Cash
- The Bank Checking Account
- Bank Reconciliation
- Petty Cash Fund
Module 4 – Accounting – Receivables and Payables
- Accounts Receivable
- Uncollectable Accounts
- Write-offs and Recoveries
- Current Liabilities
- Notes Receivable and Note Payable
- Short Term Financing through Notes Payable
Module 5 – Adjustments for Financial Reporting
- Cash versus Accrual Basis Accounting
- Classes and Types of Adjusting Entries
- Adjustments for Deferred Items – Expenses
- Adjustments for Deferred Items – Depreciation
- Adjustments for Accrued Items
Module 6 – Accounting and Its Use in Business Decisions
- The Accounting Environment
- Accounting Defined
- Overview of Accounting
- Financial Statements of Business Organizations
- The Financial Accounting Process
- How Transactions Affect Income Statements and Balance Sheets
- Dividends and Equity Ratios
- Corporate versus Sole Proprietorship or Partnership Accounting
Module 7 – Recording Business Transactions in Accounting
- The Account and Rules of Debit and Credit
- Recording the Transactions
- The Accounting Cycle
- The Accounting Process in Operation
- Analyzing and Using the Financial Results
- The Use of Ledger Accounts
Module 8 – Completing the Accounting Cycle
- The Work Sheet
- Preparation of Financial Statements from the Work Sheet
- Accounting Systems: From Manual to Computerized
- The Closing Process
- A Classified Balance Sheet
- Analysis-Current Ratio
Module 9 – Accounting Theory
- Traditional Accounting Theory
- Major Principles
- Modifying Conventions
- Objectives of Financial Statements
- Basic Elements of Financial Statements
Module 10 – Financial Topics
- Foundation 1
- Foundation 2
- Checking Accounts
- Short Term Savings
- Credit
- Summary
- Foundation 3
- Money Management
- Matching Product
- Comparison with Cash Management
- Emergency Fund
- Managing Debt
- Insurance and Protection
- Employee Wages
- Employee Benefits
- Stock and Commodities Markets
- Inflation
- Homeowners Insurance
- Taxation
- Shares and Bonds