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Global Institute of Professional Management Certification (GIPMC)
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Certification

Financial Accounting Specialist (FAS™)

$ 1500.00 $ 1000.00

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Course Description

Certified Professional Financial Accountants award the designation of Certified Financial Accountant to accounting professionals. This title tells clients and employers that you are skilled, experienced, and committed to your career, which can lead to better positions and pay. To get the certification, you need to complete specialized education, have enough work experience, and maintain high professional and ethical standards. CPFA™ is designed for students who have little or no previous knowledge in this field. It's for those who want to study accounting for a career change or to advance their studies in this demanding field. This Online Accounting Course gives you a good starting point for your career in the accounting field. All businesses, regardless of their size or industry, depend on efficient and accurate accounting services to stay operational. Even charitable organizations and non-profits need solid accounting because money is essential to run any organization.

Detailed Learning Outcomes

By earning the Project Management Certification (PMC), candidates demonstrate the ability to:

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
    • Pro’s and Con’s of the Four Costing Methods
    • Journal Entries for the Peretual Inventory Procedure
    • Departures from Cost Basis for Inventory Measurement
Module 3 - Accounting - Control and Monitoring of Cash Assessment
    • Control of Cash
    • Internal Contols
    • Controling Cash
    • The Bank Checking Account
    • Bank Reconcilliation
    • 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

Certification Validity & Renewal

The Project Management Certification (PMC) issued by GIPMC is valid for three (3) years from the date of certification award.

Renewal is designed to:
  • Maintain professional credibility
  • Ensure continued alignment with modern project practices
  • Protect the long-term value of the certification
Renewal Process Includes:
  • Completion of defined continuing professional development or knowledge refresh requirements
  • Successful renewal assessment or verification, as applicable
  • Submission of renewal application before certification expiry

Timely renewal allows professionals to retain active certification status without interruption.

Exam Pattern & Structure
  • Duration 90 / 120 / 240 minutes
  • Format Objective MCQs with scenario-based questions
  • Total Questions 60/90/120/150/180
  • Evaluation Skills and competency focused
  • Passing Requirement 70%
  • Exam Mode Online proctored
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