AFP Certified Treasury Professional CTP Question # 455 Topic 23 Discussion

AFP Certified Treasury Professional CTP Question # 455 Topic 23 Discussion

CTP Exam Topic 23 Question 455 Discussion:
Question #: 455
Topic #: 23

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?


A.

Drafting the policy


B.

Approval of the policy


C.

Procedure implementation


D.

Identify issues and conduct analysis


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