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CTP Exam Results

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Question 116

XYZ Inc. is a publicly traded company with revenues of $1B and an operating profit of 7.5%. The treasury organization consists of a treasurer and an assistant treasurer. The assistant treasurer is responsible for the creation and approval of all payments. The treasurer is responsible for compilation of the financial statements. Under Section 404 of the Sarbanes-Oxley Act, what should be viewed as a concern?

Options:

A.

Audit committee governance

B.

Segregation of duties

C.

Subcertification

D.

Signature on SEC Form 10-K

Question 117

Which of the following actions would the CFO of a Canadian multinational conglomerate MOST LIKELY take to repatriate profits from its international subsidiaries?

Options:

A.

Re-invoicing

B.

Multilateral netting

C.

Unbundle cash flows

D.

Pooling

Question 118

A small for-profit, start-up company is designing a retirement plan with the goal of minimizing costs and operating income volatility while providing a qualified retirement savings vehicle. Which of the following would be the BEST choice?

Options:

A.

Defined benefit plan

B.

Internal Revenue Code 401(k) plan

C.

Hybrid plan

D.

Internal Revenue Code 403 (b) plan

Question 119

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

Options:

A.

Account resolution

B.

Credit agreement

C.

Service agreement

D.

Signature card

Page: 29 / 34
Exam Code: CTP
Exam Name: Certified Treasury Professional
Last Update: Nov 21, 2024
Questions: 932
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