AFP CTP Practice Exams
Last updated on Oct 22,2026- Exam Code: CTP
- Exam Name: Certified Treasury Professional
- Certification Provider: AFP
- Latest update: Oct 22,2026
Which of the following is true when a company purchases goods using trade credit from suppliers?
- A . The buyer incurs no added cost if it pays on time.
- B . The supplier will charge interest to the buyer.
- C . The buyer should record this as a long-term liability.
- D . The supplier places a lien on the goods sold until payment.
What is the MOST appropriate financial plan when a corporation wishes to establish its overall goals and objectives over a period of time?
- A . Risk plan
- B . Strategic plan
- C . Operating plan
- D . Financing plan
Examples of fixed assets include which of the following?
I. Inventory
II. Treasury bills
III. Forklift
IV. Goodwill
- A . III only
- B . I and III only
- C . I, II, and IV only
- D . I, III, and IV only
A retail company is performing a risk analysis on its accepted payment types. Cash is the primary form of payment for this retailer.
What is the PRIMARY issue with cash payment systems?
- A . Weight of cash
- B . Cost of processing
- C . Security and integrity
- D . Cash-based accounting practices
Banks offer image exchange as a means to accelerate deposits for their customers.
If a customer seeks to take advantage of this service, what should the customer implement?
- A . Check conversion
- B . Re-presented check entry
- C . Remote deposit
- D . Time drafts
A portfolio manager wishes to make a short-term investment. His investment policy requires that short-term investments be low risk and secured, have a fixed interest rate and be highly liquid/redeemable prior to maturity.
Which of the following should the manager choose?
- A . Asset-backed commercial paper
- B . Bank obligations
- C . Commercial paper
- D . Government treasury bills
Which of the following is one of the PRIMARY considerations when establishing treasury policies and procedures?
- A . Compliance
- B . Personnel management
- C . Consequential damages
- D . Cost avoidance
A banker’s acceptance can be described as all of the following EXCEPT:
- A . a sight draft.
- B . a discount instrument.
- C . a liability of the accepting bank.
- D . an easily marketable instrument.
The Cash Manager of XYZ Corporation is trying to determine today’s closing cash position in order to make an investment or borrowing decision. The Cash Manager anticipates wiring $55,000 in tax payments and $63,000 in supplier payments today. Additionally, the Cash Manager is aware that a $15,000 wire was received today into the company’s concentration account from a customer and that XYZ Corp. will have to fund a bond interest payment of $200,000 in three days.
Using this information, as well as the data in the table, what is the closing cash position for XYZ Corporation?
- A . $(225,000)
- B . $(52,000)
- C . $(40,000)
- D . $(25,000)
When a foreign subsidiary pays a dividend to its parent company the transfer of funds may be subject to:
- A . turnover tax.
- B . lifting fees.
- C . capital tax.
- D . netting fees.