Free AFP CTP Exam Questions
Absolute Free CTP Exam Practice for Comprehensive Preparation
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AFP CTP Exam Questions
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Provided By: AFP
- Exam: Certified Treasury Professional
- Certification: AFP Certification
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Total Questions: 932
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Updated On: Jul 22, 2026
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Rated: 4.9 |
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Online Users: 1864
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Question 1
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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?
Answer: B
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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?
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Question 2
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LST Company is a publicly traded company with $120 million in sales. Historically, LST
does not extend credit to customers beyond net 45 terms. To help promote sale of a new
product introduced into the market this year, LST offered financing terms to customers
purchasing the new product. As a result, sales increased by 15% from the prior year and
accounts receivable increased by 5%. At the end of their fiscal year LST had a $15 million
sale to a new customer that was recorded as a note receivable. LST recognizes revenue
when goods leave the facility. During the financial audit the auditors discovered that the
customer did not receive the product until three days after the year-end. Under GAAP
accounting, the auditors would MOST LIKELY render a(n):
Answer: C
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LST Company is a publicly traded company with $120 million in sales. Historically, LST
does not extend credit to customers beyond net 45 terms. To help promote sale of a new
product introduced into the market this year, LST offered financing terms to customers
purchasing the new product. As a result, sales increased by 15% from the prior year and
accounts receivable increased by 5%. At the end of their fiscal year LST had a $15 million
sale to a new customer that was recorded as a note receivable. LST recognizes revenue
when goods leave the facility. During the financial audit the auditors discovered that the
customer did not receive the product until three days after the year-end. Under GAAP
accounting, the auditors would MOST LIKELY render a(n):
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Question 3
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XYZ Company is a publicly held manufacturing company that has decided to branch out
into the international market. Five million dollars is needed to set up management and hire
the factory workers, $2 million for various government certifications in order to begin business in Poland, and $1 million for miscellaneous expenses. While looking for funding,
XYZ found that local banks in Poland were not willing to provide financing without which of
the following?
Answer: A
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XYZ Company is a publicly held manufacturing company that has decided to branch out
into the international market. Five million dollars is needed to set up management and hire
the factory workers, $2 million for various government certifications in order to begin business in Poland, and $1 million for miscellaneous expenses. While looking for funding,
XYZ found that local banks in Poland were not willing to provide financing without which of
the following?
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Question 4
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A U.S. company has a secured committed line of credit of $5.5 million and has an available
balance of $4 million. The company successfully transmitted a $5.5 million wire transfer
instruction out to the bank via SWIFT. The bank contacted the company and informed it
that the wire transfer would not be processed. What is the MOST LIKELY reason the bank
gave the company?
Answer: B
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A U.S. company has a secured committed line of credit of $5.5 million and has an available
balance of $4 million. The company successfully transmitted a $5.5 million wire transfer
instruction out to the bank via SWIFT. The bank contacted the company and informed it
that the wire transfer would not be processed. What is the MOST LIKELY reason the bank
gave the company?
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Question 5
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What should a company’s senior management consider in their payment policies to
eliminate the co-mingling of funds for payables, receivables and foreign exchange
transactions?
Answer: B
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What should a company’s senior management consider in their payment policies to
eliminate the co-mingling of funds for payables, receivables and foreign exchange
transactions?