AFP CTP - Certified Treasury Professional

Which of the following is NOT one of the three goals of a disbursement system?

A measure of the incremental impact of a company's investments on market capitalization is known as:

A company may choose to outsource some of its cash management processes to:

Included in the CAMELS rating system for financial institutions are all of the following EXCEPT:

A digital signature cannot be forged if:

T-bill discount rate = 5.85%

T-bill face value = $100,000

Initial term = 90 days

If the U.S. Treasury was considering issuing a 91-day T-bill at the same time as this T-bill, what discount rate would cause both instruments to have the same purchase price?

ABC Company is a net borrower with a weighted average cost of capital of 11.5%. What kind of bank fee arrangement is it likely to prefer?

A manufacturing company experienced a system failure that lasted more than 24 hours. The company did not have any contingency plans in place and as a result the cash manager was unable to process the following payments:

P-card issuer: $25,000

Payroll: $125,000

Bond interest payment: $200,000

Vendor payments: $260,000

Utilities: $50,000

The cash manager does not have a way to confirm the receivable amounts deposited at the bank. The suppliers are threatening to stop shipments due to the delay in payment and the loss of supplier shipments would threaten the company’s just-in-time production. What concern should the company have?

A company has average monthly sales of $2,700, of which 5 percent is on a cash basis, with the remaining sold on open account. The company's accounts receivable aging schedule at the end of March is as follows:

What is the company's DSO?

A company has a high value for its current ratio. What does this suggest in terms of liquidity and risk?

Company A has operated a Pension Plan since 1985. Despite a recent surge in asset values, the plan remains significantly underfunded. With the passage of the Pension Protection Act of 2006, Company A will be need to:

Which of the following services allows a bank to match checks presented for payment against company check issuance data?

As an internal control tool, what does the matching of an invoice to the original purchase confirm?

The key parties involved in a disaster recovery plan are generally classified as internal resources or external counterparties. When evaluating the risks of both parties, which of the following can be assumed?

A company with a relatively poor credit rating borrows most of its funds with short maturities. They may want to change its exposure to interest rates to more correctly reflect the long-term nature of the projects it is funding. Or, they may believe that long-term interest rates are going to rise, causing it to seek protection against the impact of higher interest rates on its balance sheet. Which of the following would be a solution?

To strengthen outside auditor independence with regard to publicly held companies, the Sarbanes-Oxley Act requires that:

Company X, a US based multi-national, is exploring the option of locating a subsidiary in another country where there has been some historical risk of expropriation of local assets of foreign corporations. Therefore, as part of the risk assessment process the company must specifically quantify the:

A company is concerned that investor dissatisfaction could lead to a rapid change in its board membership. To prevent this, which of the following strategies should the company employ?

A company invests all of its short-term excess cash in T-bills on a daily basis. To prevent delays in processing its outgoing wire transfers, the company may ask its cash management bank to establish a:

Unrealized holding gains and losses arise when trading securities are: