Free AFP CTP Exam Questions

Become AFP Certified with updated CTP exam questions and correct answers

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Total 932 Questions | Updated On: Jun 14, 2022

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Question 1

Which of the following is subject to translation exposure?

A : German company with a subsidiary in Spain

B : panish company with revenues in euros

C : Japanese subsidiary in the United States with U.S. dollar liabilities

D : U.K. company that exports goods to the United States

Answer: C

Question 2

In which of the following international cash management methods is title for goods transferred for intercompany sales?

A : oling

B : ternal factoring

C : ltilateral netting

D : -invoicing

Answer: D

Question 3

An analyst at Davis Company uses the tax payment (TXP) banking convention for payment of state taxes. The analyst is preparing to pay $650,000 in taxes to the state where Davis Company is domiciled. What payment method will the analyst use to make the tax payment?

A : H Credit

B : dwire Credit

C : rtified Check

D : ltiple Drawee Check

Answer: A

Question 4

Company XYZ had the following sales over the last 5 years:

Magento-Certified-Professional-Cloud-Developer

The company raised funds to invest in its operations. Considering the company’s growth, it is interested in future options that will allow it to maintain its debt level and keep debt costs low. The company is not concerned about changes to the working capital structure. Which security did the company issue?

A : ecured bond

B : nd with an equity kicker

C : ro-coupon bond

D : nvertible security

Answer: B

Question 5

The issue of corporate governance in publicly traded companies arises from:

A : separation of shareholder ownership and management control.

B : conflict between the interests of bond holders and equity holders.

C : secrecy surrounding the proceedings of board of directors meetings.

D : inherent conflict of interest that exists when accounting firms are paid to provide audit services.

Answer: A

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Total 932 Questions | Updated On: Jun 14, 2022

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