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GAQM CPAM-001 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounting – Receivables and Payables | - Current Liabilities - Write-offs and Recoveries - Short Term Financing through Notes Payable - Notes Receivable and Notes Payable - Accounts Receivable - Uncollectable Accounts |
| Measuring and Reporting Inventory | - Determining Inventory Costs - Departures from Cost Basis for Inventory Measurement - Merchandise Inventory - Pro's and Con's of the Four Costing Methods - Four Inventory Costing Methods - Journal Entries for the Perpetual Inventory Procedure |
| Recording Business Transactions in Accounting | - The Account and Rules of Debit and Credit - The Accounting Cycle - The Use of Ledger Accounts - The Accounting Process in Operation - Recording the Transactions - Analyzing and Using the Financial Results |
| Accounting Theory | - Major Principles - Modifying Conventions - Objectives of Financial Statements - Traditional Accounting Theory - Basic Elements of Financial Statements |
| Accounting and Its Use in Business Decisions | - Overview of Accounting - Corporate versus Sole Proprietorship or Partnership Accounting - How Transactions Affect Income Statements and Balance Sheets - Financial Statements of Business Organizations - The Accounting Environment - The Financial Accounting Process - Accounting Defined - Dividends and Equity Ratios |
| Financial Topics | - Comparison with Cash Management - Inflation - Insurance and Protection - Foundation 3 - Foundation 2 - Employee Wages - Summary - Credit - Stock and Commodities Markets - Checking Accounts - Shares and Bonds - Employee Benefits - Emergency Fund - Homeowners Insurance - Managing Debt - Matching Product - Money Management - Foundation 1 - Short Term Savings - Taxation |
| Completing the Accounting Cycle | - The Work Sheet - Preparation of Financial Statements from the Work Sheet - Analysis–Current Ratio - The Closing Process - Accounting Systems: From Manual to Computerized - A Classified Balance Sheet |
| Accounting – Merchandising Transactions | - Gross Selling Price - Classified Income Statement - Returns and Allowances - Merchandising Transactions - Cost of Goods Sold |
| Accounting – Control and Monitoring of Cash | - Internal Controls - Bank Reconciliation - The Bank Checking Account - Petty Cash Fund - Controlling Cash - Control of Cash |
| Adjustments for Financial Reporting | - Adjustments for Deferred Items – Depreciation - Cash versus Accrual Basis Accounting - Classes and Types of Adjusting Entries - Adjustments for Deferred Items – Expenses - Adjustments for Accrued Items |




