CCM Study Guide 2026
Everything you need to pass the CCM exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CCM Exam Format at a Glance
📚 CCM Topics to Study (37)
✍️ Sample CCM Questions & Answers
1. Which of the following is a common short-term working capital financing strategy?
A revolving credit facility provides flexible short-term borrowing capacity that can be drawn and repaid repeatedly to fund temporary working capital needs.
2. A treasury analyst observes that the company's float days have increased from 2.5 to 4 days. What is the most likely impact on working capital?
Longer float days mean collected funds are unavailable for a greater number of days, effectively tying up working capital and increasing the need for external liquidity.
3. Dynamic discounting in accounts payable allows buyers to:
Dynamic discounting lets buyers offer suppliers early payment at a sliding discount rate — the earlier the payment, the greater the discount.
4. Multi-bank cash pooling allows a corporate treasurer to:
Cash pooling consolidates subsidiary balances across banks — either physically via sweeps or notionally via virtual offsets — so the group earns interest on the net position and minimizes borrowing.
5. A company implements a positive pay system. What risk does this primarily mitigate?
Positive pay matches checks presented for payment against the company's issued check file, flagging any checks with altered amounts, payees, or that are not on the issued list.
6. SWIFT messaging is primarily used for:
SWIFT (Society for Worldwide Interbank Financial Telecommunication) provides a secure, standardized messaging network for international bank-to-bank payment instructions and financial communications.