Key Features of AFP CTP Exam

The AFP CTP exam covers a broad range of topics critical to treasury management. Understanding the exam structure and content is vital for effective preparation. Here are the key features of the CTP exam:

1. Exam Format: The CTP exam consists of 170 multiple-choice questions, of which 150 are scored, and 20 are unscored pre-test questions. The unscored questions are used to test new questions for future exams and do not impact your score.

2. Time Limit: You will have 3.5 hours to complete the exam. Time management is crucial, as the exam is designed to test not only your knowledge but also your ability to apply that knowledge under time constraints.

3. Content Areas: The exam is divided into several content areas, each representing key competencies in treasury management:

   • Maintaining Corporate Liquidity: This section covers cash management, forecasting, and working capital management.
   • Managing Financial Risk: Topics include interest rate risk, foreign exchange risk, and investment management.
   • Raising Capital: This section focuses on debt and equity financing, capital structure, and funding decisions.
   • Managing Corporate Finance Functions: Covers financial planning, analysis, and decision-making processes.
   • Managing External Relationships: Examines the management of relationships with banks, investors, and other stakeholders.

4. Scoring: The AFP CTP exam is scored on a scale of 200 to 800, with a passing score of 300. Your score is determined by the number of correct answers you provide, with no penalty for incorrect answers. This means it's advantageous to answer every question, even if you’re unsure of the correct answer.