AFP CTP Exam Practice Test Instant Access

Question 1

Which of the following ASC X12 transactions is used to confirm the receipt and compliance of transmitted sets?

A821

B822

C835

D997

Answer : D

Question 2

Which of the following is an intangible asset?

APrepaid supplies expense

BPatent on manufacturing equipment

CPaid-in-capital

DCash value of life insurance

Answer : B

Question 3

Which of the following is an example of an intangible asset?

AGoodwill

BDepreciation

CUncollected debt

DPrepaid expenses

Answer : A

Question 4

Company M operates a grocery distribution business on Main Street. As part of its business continuity plan, Company M intends to purchase insurance to cover the facility lease for its Main Street warehouse in the event it cannot operate for a period of time. What type of coverage should Company M purchase?

ACost reimbursement insurance

BBusiness interruption insurance

CGeneral liability insurance

DFiduciary insurance

Answer : B

Question 5

Which of the following is NOT a consideration for treasury managers when implementing electronic communications with FSPs?

ACost limitations

BSecurity concerns

CPhysical location of FSP

DTelecommunications infrastructure

Answer : C

Question 6

Corporate governance for publicly traded U.S. companies includes:

Athe roles and responsibilities of independent directors.

Bfull compliance with local and state regulations.

Cthe structure and organization of executive management.

Dtimely and complete submission of audited financial statements with the SEC.

Answer : A

Question 7

Recent improvements in the effectiveness of corporate governance are mostly due to the:

ASarbanes-Oxley Act.

BFinancial Crimes Enforcement Act.

CSecurities Exchange Act.

DGramm-Leach-Bliley Act.

Answer : A

AFP CTP Certified Treasury Professional Exam Practice Test