CAPA Study Guide 2026
Everything you need to pass the CAPA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CAPA Exam Format at a Glance
📚 CAPA Topics to Study (21)
✍️ Sample CAPA Questions & Answers
1. Which management approach in Certified Accounts Payable Associate emphasizes continuous improvement through small, incremental changes?
Kaizen is a Japanese management philosophy that focuses on continuous improvement through small, incremental changes involving all employees, leading to sustained improvement over time.
2. What is a 'ghost vendor' in the context of AP fraud?
A ghost vendor is a fake entity added to the vendor master file by a fraudulent employee so that payments can be routed to an account they control.
3. What is the purpose of a Travel and Entertainment (T&E) policy?
A T&E policy establishes company rules for allowable travel and entertainment expenses, spending limits, and the process for submitting and receiving reimbursement.
4. What does 'cutoff' mean in AP period-end reporting?
Cutoff procedures ensure all AP transactions are recorded in the correct accounting period, preventing misstatement of liabilities and expenses.
5. Which practice best prevents conflict of interest in expense report approvals?
Requiring a higher-level supervisor to approve expense reports prevents self-approval and reduces the risk of improper or inflated reimbursements.
6. Which of the following is correct?
Explanation: Profit increases capital because when a business earns profit, it adds to its capital or financial resources. Profit is the surplus amount remaining after deducting expenses from revenue. This surplus can be reinvested into the business, leading to an increase in capital. By accumulating profit, a business can expand its operations, invest in new assets, or finance future projects. Therefore, profit plays a crucial role in growing and strengthening the capital base of a business.