CGFO - Treasury Management -
Collections and Cash Flow Exam
Questions and Answers Graded A+
Collections - Correct answer-Internal controls versus decreasing collections float
Central cashier and cash collections
Remote cashiering and cash collections
Lockbox collections
Federal wires
Accounts receivable
Central Cashier and Cash Collections - Correct answer-Desirable if reasonable
Remote Cashiering and Cash Collections - Correct answer-Should be used only
where beneficial
Lockbox Collections - Correct answer-Post Office Box for payments that are
picked up by a bank and deposited
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Federal Wires - Correct answer-Fastest way to transfer/deposit funds through the
Federal Reserve System
Accounts Receivable - Correct answer-Send invoices promptly
Credit Cards - Correct answer-Merchant fees
Interchange fees
Merchant Fees - Correct answer-Paid per transaction
Interchange Fees - Correct answer-Paid for the use of funds between merchant
financial institution and the time of settlement
Revenue Control and Management Policy Should Consider - Correct answer-
Internal controls
Billing practices
Depositing funds received for service
Returned checks
Escrowed funds
Budgetary review responsibilities
Cash Collection Internal Controls - Correct answer-Segregation of duties
Timely deposit of funds
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Collections and Cash Flow Exam
Questions and Answers Graded A+
Collections - Correct answer-Internal controls versus decreasing collections float
Central cashier and cash collections
Remote cashiering and cash collections
Lockbox collections
Federal wires
Accounts receivable
Central Cashier and Cash Collections - Correct answer-Desirable if reasonable
Remote Cashiering and Cash Collections - Correct answer-Should be used only
where beneficial
Lockbox Collections - Correct answer-Post Office Box for payments that are
picked up by a bank and deposited
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Federal Wires - Correct answer-Fastest way to transfer/deposit funds through the
Federal Reserve System
Accounts Receivable - Correct answer-Send invoices promptly
Credit Cards - Correct answer-Merchant fees
Interchange fees
Merchant Fees - Correct answer-Paid per transaction
Interchange Fees - Correct answer-Paid for the use of funds between merchant
financial institution and the time of settlement
Revenue Control and Management Policy Should Consider - Correct answer-
Internal controls
Billing practices
Depositing funds received for service
Returned checks
Escrowed funds
Budgetary review responsibilities
Cash Collection Internal Controls - Correct answer-Segregation of duties
Timely deposit of funds
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
