Certified Professional Financial Accountant (CPFA)

The CPFA™ certification validates professional-level accounting knowledge, skills, and ethics. Designed for both beginners and professionals, this program provides expertise in financial reporting, cash and inventory management, receivables, payables, and decision-making. It enables career growth and recognition across industries where accountancy is a critical business function.

E-Course Duration: 30–35 Hours

Certification Validity: Lifetime

Certificate Accreditation: GAQM

The Certified Professional Financial Accountant (CPFA)™ certification grants accounting professionals the prestigious designation of Certified Financial Accountant. This globally recognized credential demonstrates a candidate’s skill, experience, and dedication to their career, opening doors to higher positions, pay, and professional growth.

Developed for learners with little or no previous knowledge of accounting, the CPFA™ provides a strong foundation for individuals seeking a career change or professional advancement. Businesses of all sizes and sectors—including nonprofits—depend on efficient accountancy for financial management, profitability, and compliance. With CPFA™, professionals gain industry-relevant expertise to meet this global demand.


Course Details

  • E-Course Duration: 30 to 35 Hours

  • Exam Pattern: 50 Multiple Choice Questions (80% passing – 40 out of 50 correct)

  • Exam Duration: 60 Minutes

  • Exam Format: Online, non-proctored, available anytime within 8 months

  • Exam Attempts: 2 attempts per voucher (additional vouchers can be purchased)

  • Certification Validity: Lifetime


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 Methods

  • Journal Entries for Perpetual Inventory Procedure

  • Departures from Cost Basis for Inventory Measurement

Module 3 – Accounting: Control and Monitoring of Cash

  • Control of Cash

  • Internal Controls

  • Controlling Cash

  • 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 & Notes Payable

  • Short-Term Financing through Notes Payable

Module 5 – Adjustments for Financial Reporting

  • Cash vs Accrual Basis Accounting

  • Classes and Types of Adjusting Entries

  • Adjustments for Deferred Items (Expenses, Depreciation)

  • Adjustments for Accrued Items

Module 6 – Accounting and Its Use in Business Decisions

  • The Accounting Environment

  • Definition and Overview of Accounting

  • Financial Statements of Business Organizations

  • The Financial Accounting Process

  • How Transactions Affect Income Statements & Balance Sheets

  • Dividends and Equity Ratios

  • Corporate vs Sole Proprietorship or Partnership Accounting


Target Audience

  • Candidates interested in working in accountancy

  • Individuals seeking a career in finance

  • Business owners/managers managing their own accounts

  • Existing accountancy workers seeking promotion

  • Professionals without formal qualifications in accounting

  • Anyone looking to enhance their career prospects

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