Certified Treasury Professional Exam Practice Test

Free Certified Treasury Professional Practice Test (2026)

The Certified Treasury Professional (CTP) Exam evaluates a candidate’s knowledge and ability to handle critical functions related to corporate liquidity, capital, and risk management. The CTP credential is recognized around the world as the leading credential in corporate treasury, with holders earning an average of 22% more than non-holders according to AFP.

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Certified Treasury Professional Exam Eligibility

You may enroll in the CTP program and take the exam before fully satisfying the education and experience requirements, but you won’t be awarded the CTP credential until all requirements are met.

The professional experience requirement is a minimum of two years of full-time work in a career-based corporate cash/treasury management or corporate finance-related position. An advanced business degree from a graduate-level program is equivalent to one year of work experience.

Certified Treasury Professional Exam Outline

The Certified Treasury Professional Exam contains 170 multiple-choice questions, 20 of which are unscored, and the time limit is 3.5 hours.

The exam contains 5 domains, which are outlined below.

Domain 1 (56-60 questions)

This domain is about maintaining corporate liquidity required to meet current and future obligations in a timely and cost-effective manner.

Specifically, Domain 1 covers the following topics:

• Managing optimal cash positioning through short-term investing and borrowing
• Forecasting and managing cash receipts and disbursements
• Managing optimal banking structure
• Managing trade financing
• Managing foreign exchange exposure
• Optimizing treasury operations
• Managing intercompany financing
• Ensuring accuracy by reviewing cash balances and reconciling transaction activity
• Optimizing financial decision-making by calculating, analyzing, and evaluating financial ratios

Domain 2 (34-38 questions)

This domain is about managing capital structure, managing costs of long-term capital, and quantitatively evaluating long-term capital resource investments.

Specifically, Domain 2 covers the following topics:

• Negotiating and managing syndicated agreements
• Managing investment portfolios
• Managing issuance of debt and equity
• Managing revolving debt agreements
• Assessing the impact of mergers, divestitures, and acquisitions
• Evaluating current market conditions as they relate to long‐term borrowing strategies
• Hedge FX, interest rate, and commodities exposure

Domain 3 (13-17 questions)

This domain is about managing internal and external relationships.

Specifically, Domain 3 covers the following topics:

• Building, maintaining, and reviewing relationships with external financial service providers
• Maintaining documentation and administering bank accounts
• Ensuring best practices and competitive pricing by identifying, negotiating, and selecting relationships and operational agreements with external service providers
• Serving as an internal trusted advisor and consultant
• Building and maintaining relationships with internal stakeholders

Domain 4 (24-28 questions)

This domain is about monitoring and controlling corporate exposure to financial, regulatory, and operational risk (including emerging and reputational risk).

Specifically, Domain 4 covers the following topics:

• Complying with treasury policies and procedures
• Drafting treasury policies and procedures for approval
• Detecting and mitigating fraud
• Ensuring best practices by benchmarking performance against external sources
• Evaluating and managing counterparty risk
• Developing, maintaining, and testing business continuity plans
• Managing merchant services programs
• Ensuring regulatory compliance, and reporting internally and externally on compliance

Domain 5 (15-17 questions)

This domain is about assessing the impact of technologies on the treasury function.

Specifically, Domain 5 covers the following topics:

• Leveraging technology systems
• Identifying security issues and concerns associated with new and existing technology
• Monitoring information security risks and cyber‐related risks
• Implementing treasury products and services

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Registration

To register for the CTP exam, submit your application online through AFP’s website. It’s important to note that your application is not complete until the eligibility portion is complete and all required fees have been paid.

CTP exam fees vary based on your AFP membership status and whether you apply by the early or final deadline:

Receiving Authorization

After AFP approves your eligibility, you should receive an authorization to test (ATT) by email. The ATT contains the information you need to schedule your exam appointment. If you register for a future testing window, AFP says you will not receive your ATT until after the current testing window has ended.

Scheduling Your Appointment

After you receive your ATT, schedule your exam appointment with Pearson VUE. You may choose any available date and time during your approved testing window. AFP recommends scheduling as soon as you receive your ATT because test center seats can fill quickly!

Before scheduling, carefully check your ATT. Your name on the ATT must match the name the test center has on file and the identification you plan to bring on test day. If any information is incorrect, contact AFP before scheduling your appointment.

Cancelling Your Registration

If you want to cancel your CTP exam registration and request a refund, you must submit a cancellation request to AFP by the cancellation deadline. The refund cancellation deadline is always two weeks before the testing window opens, and you cannot cancel for a refund after your approved testing window has begun.

If you have already scheduled an exam appointment with Pearson VUE, you must cancel that appointment at least 24 hours before the scheduled time to avoid the no-show penalty, which is $95.

Test Day

To be admitted to take the exam, you must provide a valid photo ID. Examples of acceptable identification include passport, driver’s license, military ID, national/state/province ID, alien registration card, or qualifying local-language ID.

Items that are NOT Allowed in the Testing Room

• Cell phone
• Handheld calculator (online calculators will be provided)
• Books or reference materials
• Scratch paper (you will be given a whiteboard and pen to do your calculations on)

CTP Scores

To pass the CTP exam, candidates must earn a score of 300 or above.

At the end of the exam, you should receive a printed result report. Passing candidates are simply told that they passed, while unsuccessful candidates receive a scaled score and performance diagnostics.

Retaking the Exam

There are no limitations to how many times you can take the examination overall, but you can only take the exam once during each exam window.

How to Study

Start with a CTP Practice Test

Before creating your study schedule, take a CTP practice test to establish a starting point. You don’t need to wait until you’ve reviewed every topic. At this stage, the goal is to identify where your preparation time will have the greatest effect.

Review your results according to the five current knowledge domains:

• Liquidity Management: Can you manage cash positioning, short-term investing and borrowing, cash-flow forecasting, banking structures, foreign-exchange exposure, trade finance, intercompany financing, reconciliations, treasury operations, and financial ratios?
• Capital Structure and Long-Term Finance: Can you evaluate capital structure, long-term borrowing, investment portfolios, debt and equity issuance, revolving credit, mergers and acquisitions, market conditions, and hedging of financial risks?
• Internal and External Relationships: Can you manage banking and financial-service-provider relationships, administer bank accounts, evaluate service providers, and work effectively with internal stakeholders such as accounting, IT, legal, audit, investor relations, FP&A, and tax?
• Risk Management and Controls: Can you apply treasury policies and controls, manage counterparty and operational risk, identify fraud, support regulatory compliance, evaluate banking fees, manage merchant-services risks, and maintain business-continuity procedures?
• Treasury Technology: Can you use and evaluate treasury management systems, ERP systems, banking technology, payment systems, and other treasury tools while identifying information-security and cyber risks?

Identifying those specific weaknesses will show you where to devote more attention during your study time.

Review Difficult Questions

After each practice session, review every question you answered incorrectly AND every question you guessed on or answered with low confidence. A correct guess does not demonstrate that you could process a prescription safely or accurately in a pharmacy.

For each difficult question, determine which of the following caused the problem:

• You didn’t know the underlying treasury or finance concept.
• You knew the formula but selected the wrong one.
• You did not identify the organization’s actual cash or liquidity need.
• You overlooked the timing of a cash inflow or outflow.
• You misunderstood a banking or payment process.
• You selected a financially attractive option without considering liquidity or operational risk.
• You failed to recognize an internal-control or fraud concern.
• You misunderstood how a technology or system affects treasury operations.
• You focused on one department without considering other stakeholders.
• You used the practices of your own organization instead of the principles tested by AFP.

Then, outline a specific plan for improvement based on what you discovered. In other words, don’t just say, “I need to study cash management.” Specify that you need to practice determining target cash balances, comparing concentration structures, or identifying how timing differences affect daily cash positioning.

Similarly, replace “study investments” with a specific task like comparing investments based on liquidity, maturity, credit risk, and yield.

Utilize Answer Explanations

Answer explanations are an underutilized studying resource. To take full advantage of them, read the explanation for every question you found difficult, including questions you answered correctly.

For each one, make sure you can confidently explain:

1. Why the correct answer is correct
2. Why each incorrect option is wrong
3. Which treasury principle, calculation, or risk is being tested
4. Which information in the scenario controls the answer
5. What the result means for the organization
6. How the same concept could appear in a different treasury situation

For calculation questions, do not stop after matching the published number. If you calculate a company’s days sales outstanding, for example, do not stop after producing the number. Determine whether the value indicates that receivables are being collected more quickly or slowly and how that affects working capital and liquidity.

If you calculate an investment yield, consider whether the instrument also satisfies the organization’s liquidity and risk requirements.

Study Treasury Relationships, Not Individual Questions

Memorizing the answer to one CTP practice question will not prepare you for a different organization with different cash flows, financing needs, currencies, bank structures, risks, or market conditions.

For example, cash forecasting affects cash positioning.

Cash positioning determines whether the organization has excess or deficient liquidity. That affects decisions involving:

• Short-term borrowing
• Short-term investing
• Bank balances
• Cash concentration
• Foreign-exchange transactions
• Intercompany funding

Those decisions then affect:

• Interest income and expense
• Financial risk
• Working capital
• Counterparty exposure
• Bank relationships
• Financial reporting

Study those connections instead of treating every chapter as an independent set of definitions.

FAQs

By Peter Rench

Peter Rench joined Mometrix in 2009 and serves as Vice President of Product Development, responsible for overseeing all new product development and quality improvements. Mr. Rench, a National Merit Scholar, graduated magna cum laude with a Bachelor of Science in Mechanical Engineering and a minor in mathematics from Texas A&M University.

Edited by Aaron Lanni

Aaron is the content manager and lead editor for Mometrix Academy. He regularly produces, updates, proofreads, and edits content to ensure it meets Mometrix’s quality and accessibility standards.

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