AFP Exam CTP Topic 3 Question 2 Discussion

Actual exam question for AFP's CTP exam

Question #: 2
Topic #: 3

[All CTP Questions]

A Treasury Management System (TMS) is used to:

Aobtain account balances.

Btranslate EDI documents.

Creview bank availability schedules.

Dopen new bank accounts.

Show Suggested Answer

Suggested Answer: A

by Maryrose at Mar 06, 2025, 11:06 PM

Limited Time Offer

25%

Off

Get Premium CTP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Omega

27 days ago

A TMS is like a Swiss Army knife for treasury management. It can do everything from balances to schedules to...wait, what was the other option again?

upvoted 0 times

...

Nakita

28 days ago

Opening new bank accounts? That's what I have my personal assistant for. A TMS is way too sophisticated for that kind of task.

upvoted 0 times

Victor

6 days ago

B: Yes, it helps with managing cash flow and monitoring accounts.

upvoted 0 times

...

Corinne

12 days ago

A: A Treasury Management System (TMS) is used to obtain account balances.

upvoted 0 times

...

Loren

1 months ago

Wait, I thought a TMS was for translating those boring EDI documents. I always get those mixed up with the account stuff.

upvoted 0 times

...

Sherron

1 months ago

I think the correct answer is C. You need to review those bank availability schedules to make sure your payments go through on time, you know?

upvoted 0 times

Hyman

5 days ago

I think it's actually A) obtain account balances, so you can manage your cash flow effectively.

upvoted 0 times

...

Hester

25 days ago

I agree, reviewing bank availability schedules is crucial for timely payments.

upvoted 0 times

...

Shawn

1 months ago

Yes, a TMS can help in opening new bank accounts too.

upvoted 0 times

...

Carlee

1 months ago

A TMS is definitely used to obtain account balances. I mean, how else would I know how much money I have sitting in the bank?

upvoted 0 times

Glory

22 days ago

User 3: That's true, having access to account balances is crucial for financial management.

upvoted 0 times

...

Chantell

24 days ago

User 2: It's important to know how much money you have in the bank.

upvoted 0 times

...

Josphine

27 days ago

User 1: Yes, a TMS is used to obtain account balances.

upvoted 0 times

...

Paris

1 months ago

I believe it also helps in reviewing bank availability schedules.

upvoted 0 times

...

Felicia

2 months ago

I agree with Verdell, it helps in managing cash positions.

upvoted 0 times

...

Verdell

2 months ago

I think a TMS is used to obtain account balances.

upvoted 0 times

...