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GAQM CPFA-001

CPFA-001

Exam Code: CPFA-001

Exam Name: Certified Professional Financial Accountant (CPFA)

Updated: Sep 02, 2026

Q&A Number: 0 Q&As

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About GAQM CPFA-001 Exam dumps / Bootcamp

Certification exams change, and outdated study material can quietly sabotage your score. Dumpkiller keeps its CPFA-001 practice questions aligned with the current GAQM Certified Professional Financial Accountant (CPFA) exam, with free updates for 365 days through 2026 and beyond.

GAQM CPFA-001 Exam Overview:

Certification Vendor:GAQM
Exam Name:Certified Professional Financial Accountant (CPFA)
Exam Number:CPFA-001
Passing Score:70% (35/50)
Available Languages:English
Related Certifications:Certified Professional Treasury Manager (CPTM)
Certified Global Tax Practitioner (CGTP)
Certified Professional Cost Accountant (CPCA)
Certified Finance Manager (CFM)
Certificate Validity Period:Lifetime
Real Exam Qty:50
Exam Format:AI-Proctored Online Exam, Multiple Choice Questions (MCQ)
Exam Duration:60 minutes
Exam Way:Online AI-proctored exam; can be taken anytime, anywhere within the voucher validity period.
Pre Condition:No prerequisites. Completion of the GAQM E-Course is recommended but not mandatory.
Official Syllabus URL:https://gaqm.org/certifications/finance_accounting/cpfa

GAQM CPFA-001 Exam Syllabus Topics:

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

Your CPFA-001 Exam Questions, Answered

What is the CPFA-001 exam all about?

The GAQM Certified Professional Financial Accountant (CPFA) exam (code: CPFA-001) is the official GAQM exam that leads to the GAQM: Finance And Accounting certification. It sits at the Professional level of the GAQM certification track. It is also connected with related credentials such as Certified Finance Manager (CFM), Certified Professional Cost Accountant (CPCA), Certified Global Tax Practitioner (CGTP), Certified Professional Treasury Manager (CPTM). Passing it proves to employers that your skills have been validated by GAQM itself, which is why the CPFA-001 credential keeps showing up in job postings.

How many questions are in the CPFA-001 exam, and how long does it take?

The GAQM Certified Professional Financial Accountant (CPFA) exam gives you 60 minutes to work through 50. Pacing matters more than most candidates expect, so before exam day, run at least one full timed session in the Dumpkiller test engine to learn how long you can afford per question. If an item stalls you, flag it and move on — coming back later beats burning five minutes on a single question.

Are there any prerequisites for the CPFA-001 exam?

According to GAQM, the following applies: No prerequisites. Completion of the GAQM E-Course is recommended but not mandatory.. Certification policies do change from time to time, so confirm the latest requirements on the official exam page at https://gaqm.org/certifications/finance_accounting/cpfa before you register.

Can I try the CPFA-001 practice questions before buying?

Yes. Dumpkiller offers a free CPFA-001 PDF demo so you can review the question style, difficulty, and explanations before committing to anything. After purchase, your GAQM Certified Professional Financial Accountant (CPFA) material includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.

What happens if I do not pass the CPFA-001 exam, and how is my order delivered?

If you take the corresponding CPFA-001 exam within 60 days of your purchase and do not pass, you can apply for a full refund under our 100% Money Back Guarantee, subject to a few conditions: the failed exam must be the one matching your purchase; sitting the exam within 3 days of purchase does not qualify, since that leaves too little preparation time; downloading the material without actually taking the exam does not qualify; free materials and expired orders are excluded; and the candidate name must match the payer name. To apply, send a scanned copy of your enrollment slip together with your official Score Report (PDF) within 2 days after the exam, and claims are processed within 7 days. If you would rather not take a refund, you can exchange your purchase for two free products of equal value while keeping the update service on the product you originally bought. As for delivery, everything is an instant download: your products are sent to your email within one minute of payment — contact customer service if nothing arrives within 2 hours — and there is no limit on the number of computers you can install the software on.

What topics are covered in the CPFA-001 exam?

The official GAQM Certified Professional Financial Accountant (CPFA) syllabus is organized into 6 main domains. The first three are Accounting - Merchandising Transactions, Accounting - Control and Monitoring of Cash Assessment, and Measuring and Reporting Inventory. For the full domain-by-domain breakdown, see the complete Exam Topics outline above.

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