To qualify for the AFP CTP exam, candidates must AFP CTP meet specific education and experience requirements. These are:
Experience: Candidates must have at least two years of full-time work experience in a treasury-related field. This requirement is reduced to one year if the candidate holds a graduate degree in finance, economics, or business.
Education: There are no specific educational requirements for the AFP CTP, but a background in finance, business, or economics is highly recommended to better understand the certification material.
AFP CTP Exam Structure
The AFP CTP exam is a comprehensive test designed to assess the candidate's proficiency in corporate treasury management. It consists of 170 multiple-choice questions, with 20 of those questions being unscored pre-test questions. The exam is administered over a four-hour period and is broken down into six major knowledge domains:
The Corporate Treasury Function (15-20% of the exam): This section covers the roles and responsibilities of the corporate treasury function, including treasury organization, management of financial resources, and strategic treasury management.
Liquidity Management (20-25% of the exam): Topics in this section focus on managing liquidity, cash forecasting, cash concentration, and determining optimal liquidity levels.
Capital Markets and Investments (15-20% of the exam): This area covers capital structure, debt and equity financing, investment strategies, and evaluating financial markets.
Risk Management (15-20% of the exam): This section involves identifying, assessing, and managing financial risks, including credit, interest rate, foreign exchange, and operational risks.
Working Capital Management (15-20% of the exam): This part of the exam addresses managing short-term assets and liabilities, cash conversion cycles, inventory management, and payables management.
Treasury Operations and Controls (10-15% of the exam): This domain focuses on the operational aspects of treasury management, including banking relationships, fraud prevention, compliance, and internal controls.
