AFP
CTP · Question #324
(Topic 4) The CFO asks the Treasurer to create a new collections and concentration policy for their company. Following implementation of the policy, the company finds that reporting of receivables…
The correct answer is D. Identify issues and conduct analysis. See the full explanation below for the reasoning.
Question
- (Topic 4)
The CFO asks the Treasurer to create a new collections and concentration policy for their company. Following implementation of the policy, the company finds that reporting of receivables values is taking 10% longer, with no improvement in the company’s cash flow or liquidity. What step in developing the policy could have been executed better?
Options
- ADrafting the policy
- BApproval of the policy
- CProcedure implementation
- DIdentify issues and conduct analysis
How the community answered
(33 responses)- A15% (5)
- B9% (3)
- C3% (1)
- D73% (24)
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