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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:

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Suggested Answer: A

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

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Omega
2 months 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?
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Nakita
2 months 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.
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Rolande
1 months ago
C: It also helps with forecasting and analyzing financial data.
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Victor
1 months ago
B: Yes, it helps with managing cash flow and monitoring accounts.
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Corinne
2 months ago
A: A Treasury Management System (TMS) is used to obtain account balances.
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Loren
2 months ago
Wait, I thought a TMS was for translating those boring EDI documents. I always get those mixed up with the account stuff.
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Sherron
2 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?
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Bambi
1 months ago
I see your point, but I still think C) review bank availability schedules is the best answer.
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Hyman
1 months ago
I think it's actually A) obtain account balances, so you can manage your cash flow effectively.
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Hester
2 months ago
I agree, reviewing bank availability schedules is crucial for timely payments.
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Shawn
2 months ago
Yes, a TMS can help in opening new bank accounts too.
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Carlee
2 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?
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Glory
2 months ago
User 3: That's true, having access to account balances is crucial for financial management.
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Chantell
2 months ago
User 2: It's important to know how much money you have in the bank.
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Josphine
2 months ago
User 1: Yes, a TMS is used to obtain account balances.
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Paris
3 months ago
I believe it also helps in reviewing bank availability schedules.
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Felicia
3 months ago
I agree with Verdell, it helps in managing cash positions.
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Verdell
3 months ago
I think a TMS is used to obtain account balances.
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