CPFM Study Guide 2026
Everything you need to pass the CPFM 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.
📋 CPFM Exam Format at a Glance
📚 CPFM Topics to Study (69)
✍️ Sample CPFM Questions & Answers
1. A capital project has an IRR of 12% and the firm's cost of capital is 14%. The project should be:
IRR below the cost of capital means the project destroys value and should be rejected.
2. Which is a key advantage of passive index investing?
Passive index investing offers low costs, broad diversification, and tax efficiency.
3. Life-cycle costing accumulates costs over which span?
Life-cycle costing tracks all costs from initial design through disposal of the product.
4. Strategic financial planning should align with which overarching organizational element?
Effective financial strategy must support and align with the organization's vision and mission.
5. In purchase price allocation following an acquisition, any excess of purchase price over the fair value of net identifiable assets is recorded as:
Under ASC 805, goodwill is recognized as the excess of the acquisition price over the fair value of the identifiable net assets acquired.
6. A company's 13-week cash flow forecast is BEST used for which purpose?
A 13-week rolling cash flow forecast is the standard tool for short-term liquidity planning and identifying near-term cash gaps.