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CPFO Treasury and Investment Management Exam Questions with Verified Answers ( Rated A+)
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CPFO Treasury and Investment Management Exam Questions with Verified Answers ( Rated A+) Treasury management - Answers involves the management of cash from the time revenue is earned to the time an expenditure payment clears the bank All cash management decisions should be made with consideration...

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  • October 28, 2024
  • 13
  • 2024/2025
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  • Questions & answers

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  • cpfo treasury and investment management exam quest

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CPFO Treasury and Investment Management Exam Questions with Verified Answers ( Rated A+)

Treasury management - Answers involves the management of cash from the time revenue is earned to
the time an expenditure payment clears the bank

All cash management decisions should be made with considerations of - Answers legality, safety,
liquidity, and yield

Treasury management includes the systems and operating cycles - Answers

Establishing policies - Answers is part of the systems cycle

Forecasting cash flows is part of the - Answers operating cycle

Both internal and external players are included in - Answers treasury management processes

Risk - Answers is defined as the possibility of loss

Normally, the greater the risk taken, the - Answers greater the potential return

Treasury management goals are constrained by - Answers politics, past practices and unwillingness to
change, and the amount of risk

The most common cash management policy is - Answers the investment policy

Politics - Answers can play a part in the selection and maintenance of banking relationships

More than one bank may be selected to maintain accounts - Answers

Banks may be rotated periodically - Answers

Banks may be selected via - Answers competitive bid

Selection of a bank through competitive bid is usually - Answers the most cost effective and the decision
is based on business principles rather than politics

Lockbox collection systems allow banks to - Answers collect directly from a post office box, open, verify,
and process the payment.

Zero balance accounts - Answers allow checks to be presented for payment, creating intraday overdrafts
that are later swept out

Short-term credit services - Answers have a duration of less than one year

Additional interest earning, additional bank services, and reduced service charges may be obtained
through competition - Answers

The additional costs incurred by undertaking a competitive bid process are offset by - Answers the
additional interest earning and increased services offered by the bank for the same money

, Governments should be careful to request only services which are truly needed - Answers

Banks should be requested to submit their annual reports - Answers for the past 2 years

Cash flow forecast - Answers is a schedule of receipts and disbursements over a given time period

The first step in preparing a cash flow forecast is - Answers identifying all finds departments and
financial data in a government

A simple rule of thumb to evaluate separately on those revenue sources that - Answers individually
account for at least 15% of government tool revenues

LGIPs (Local Government Investment Pools) - Answers are a short-term investment vehicle used by
governments

Moving average is - Answers the most common forecasting method

Cash flow forecasting - Answers is most commonly done at the fund level

Most common cash flow forecasts are - Answers monthly

When considering the type of forecast to use, the type of information available, time period, and level of
detail needed are key factors - Answers

Cash available for investments - Answers = beginning cash + revenues - expenditures

The moving average method - Answers looks at past history

Cash and checks are a common form of collections - Answers

Checks are gradually being replaced by - Answers other methods of non-cash payments

The collection options available to local governments - Answers are greatly influenced by the trends in
consumer payment methods

Night deposit is - Answers a type of collection that allows the public to make payments after office hours

Night deposits - Answers are generally the most expensive for governments

The biggest disadvantage in credit card acceptance is - Answers the 1-2% processing fee

The general rule of thumb is that local governments should be able to collect - Answers 95% or more of
the current tax levy in the current fiscal year

float - Answers The lapse time between the deposit of a check and the time it is paid by the bank is
known as

Mail float - Answers is the amount of time a payment remains in the mail system from the time sent to
the government until the government has physical possession of the check

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