CTP Exam Dumps - AFP Certification Questions and Answers

A financially sound company sends wires to investors in the morning but does not receive replacement funds until the afternoon. Which facility will the company MOST LIKELY arrange with its bank to facilitate the company’s wire payment activities on any given day?

Why is the valuation of common stocks different from that of preferred shares?

Cyber insurance includes coverage for expenses related to which of the following?

Which of the following payment instruments can provide predictable collection float?

I. Wire transfer

II. Check

III. ACH

IV. Cash

In this situation, the net earnings credit amount for the month would show:

At the time of the initial debt contract, the only way debt holders can protect their interests effectively is to establish certain provisions or covenants designed to:

Which of the following institutions would be regulated by the Office of the Comptroller of the Currency (OCC)?

A globally diversified manufacturing company can manage its liquidity more effectively by:

Since the inception of ABC Company's pension plan, 1,500 employees qualified and were paid pensions of $500 million after retirement, of which 700 employees were those who earned $110,000 or more and received $200 million in pension benefits. When the company filed for bankruptcy in 2010, the IRS claimed back taxes from the company stating that the pension plan was not qualified under ERISA. On what basis was the IRS MOST LIKELY making its claim?

Multinational corporations repatriate funds from foreign operations through which of the following?

ABC Company, a U.S. company, has an overseas customer, XYZ Inc., who wants to purchase $3.1 million of equipment from ABC Co. XYZ Inc. wants to structure payment by paying 10% at time of order, 40% at time of shipment and the remaining 50% at time of receipt of the equipment. The last time XYZ Inc. purchased equipment from ABC Co. they never paid the final 50%, claiming the equipment did not work properly. Which of the following can ABC Co. use for this transaction to guarantee payment?

Which of the following is LEAST important when a cash manager determines a company's short-term cash position?

A company seeking an insured investment would avoid investing surplus cash in a:

Financial statement preparation guidelines are provided by:

What is the MOST appropriate definition of working capital?

An airline has entered into an agreement with its partners to offset receivables and payables for a specified period of time and to transmit or receive the difference via funds transfer at the end of the period. This is an example of:

A U.S. company is selling product for US$10,000 to a Canadian company with payment in Canadian dollars. The exchange rate has been booked at C$1.45/US $1 for payment upon delivery in 15 days. The Canadian dollar is forecasted to weaken within this period. This is an example of A.

The MICR encoding on a check provides all of the following information EXCEPT:

One reason for charging management fees to subsidiaries is to:

Traditionally the primary source of operating risk in the area of external theft or malfeasance has been related to: