Certified Professional Financial Accountant™ (CPFA™)

Certified Professional Financial Accountants grants accounting professionals the Certified Financial Accountant designation. This title shows clients and employers that you are skilled, experienced and dedicated to your career, which can lead to higher positions and pay. To receive the certification, you must complete specialized education and have sufficient work experience, as well as maintain a high professional and ethical standard.

CPFA™ has been specially developed for students with little or no previous knowledge in this field . Those who wish to study accounting for a career change or to further their studies in this highly demanding field. Hence this Online Accounting Course, gives you a good starting point for your exceptional career In the accounting field.

All businesses at all levels and spanning every contemporary sector rely on efficient and flawless accountancy services in order to remain viable. Even in the instances of charitable organizations and those of a non-profit nature, the fact that it takes money to run a business necessitates the provision of solid accountancy. Exactly how a business is run in a financial sense will always have an extraordinarily significant impact on both its profitability and position within the industry. As such, those with professional-level accountancy skills and knowledge are in consistently high-demand from brands and businesses all over the world.

Target Audience

  • Candidates with an interest in working in an accountancy setting
  • Anyone interested in a career in finance
  • Business owners and managers who look after their own accounts
  • Existing accountancy workers in pursuit of promotion
  • Accountancy workers with no formal qualifications
  • Anyone looking to give their career prospects a boost

Course Duration: 30 to 35 Hours

Exam Information

Exam Pattern

The Exam contains 50 Multiple Choice Questions and you must correctly answer 35 (35 out of 50 correct) to pass the exam.

Mode of Exam

Exams are online and proctored based; using a webcam and a reliable internet connection exam can be taken anywhere and anytime.

The total duration of the exam is 1 hour (60 Minutes).

Closed Book

No external sources of information may be accessed during the exam via ProctorU. Further details of the materials permitted are provided:

Retaking of Exam

In the event that you do not qualify in the first attempt, there is an option to acquire a Double Shot Retake Voucher for 140 USD. This voucher provides the opportunity for two (2) attempts, instead of a single attempt.
To purchase the Double Shot Retake Voucher, kindly check with Meantoir Global Academy.

Certification Validity

The Certified Professional Financial Accountant™ (CPFA)™ Certificate is valid for life.

Trademark Acknowledgement

CPFA™ is a trademark of GAQM®.

Pre-Requisite

The Certified Professional Financial Accountant™ (CPFA)™ Certification has no pre-requisites.

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
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