Pass the AFP Certification CTP Questions and answers with ExamsMirror

Which of the following forms of payment is covered by Regulation CC?

What European financial regulation requires financial institutions to charge for research and transaction processing separately?

ABC Company is an energy-holding company which owns a number of regulated power utilities that have monopolies in different regions. The majority of the holding company’s income is realized from investment portfolios. The company has done well and is going to report its overall performance to the public. What performance evaluation processes should management use to measure portfolio performance?

Company XYZ requested lockbox details from its bank. The company currently receives checks that have both machine-readable remittances and attached remittance information. What would cause Company A to select a retail lockbox versus a wholesale lockbox?

A company is experiencing the following long-term trend on a month-over-month basis:

With all other income, expenses, long-term assets and liabilities remaining stable, this trend would MOST LIKELY prompt what action by the company?

The treasury manager of an auto-parts manufacturer has noticed that checks were sent to a foreign individual not on the approved vendor list. The payables manager has explained the payments but did not provide an invoice. The treasury manager did no further research and is later disciplined for:

A company has six fraudulent checks clear its primary disbursement account for a total of $7,652. The bank agrees to split the loss with the company to maintain a good relationship. As a condition of sharing the expense, the bank requires the company to establish positive pay on its disbursement accounts or have the company absorb the losses on future fraudulent payments.

If the company determines that positive pay is too expensive and decides NOT to implement it, what type of risk financing technique is the company using?

Given the above information,

if the risk manager adds a tank at its second facility, what loss control technique is being used?

When company profits are high, what is the MOST LIKELY way management will prefer to finance growth?

All of the following are examples of treasury management system transactions for liquidity management EXCEPT:

Securities sold by companies in an initial public offering (IPO) arE.

Making payments through electronic payments networks can be a part of a treasury management system’s functionality, but it is subject to numerous constraints. Which of the following is a true statement of those constraints?

An art history museum has recently finished renovating its new location. Before the move, the treasurer considers purchasing additional insurance to protect the art during transit. What form of additional insurance should the treasurer choose?

Which of the following is a tool that companies use to obtain a quantitative rating of a financial institution’s level of service?

An employee earning $80,000 per year decides to begin contributing to his company’s 401(k) plan effective January 1st. Assuming he is in the 25% tax bracket, contributes 15% of his pay into the plan each month and receives a company match of $0.50 for every dollar he contributes, what is his taxable compensation that year?

What document serves as the basic account or service authorization, empowering a representative of a business to enter into agreements for financial services?

The controller is developing a financial plan that includes an operating budget and a financial budget. Which of the following statements is true?

Private companies usually go public by making an initial public offering. What is the term for offering subsequent shares in the market?

DGB Inc.’s CEO and founder retired shortly after the company went public two years ago. DGB Inc. has recently struggled, and the founder has agreed to return as an independent director. What violation, if any, has occurred?

A company is filing for bankruptcy protection and is concerned about the welfare of its sizeable retiree population. Under ERISA, it is obligated to perform which of the following actions regarding its defined benefit plan?