CCM Cheat Sheet 2026

The 30 highest-yield CCM facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. Which inventory management approach minimizes holding costs by ordering frequently in small quantities? → Just-In-Time (JIT)
2. A treasury team is evaluating whether to use a lockbox or an in-house collection process. Which factor most strongly favors choosing a bank lockbox? → Customers are geographically dispersed and mail float is significant
3. How does continuing education relate to regulatory compliance & ethics for CCM certified professionals? → It ensures professionals stay current with evolving standards and best practices
4. Which of the following best describes the 'barbell' investment strategy? → Concentrating investments at both very short and very long maturities
5. Which metric measures how quickly a company collects payments from customers? → Days Sales Outstanding (DSO)
6. Which scenario would most likely cause a company to adopt an accelerated collection strategy? → High DSO relative to industry peers and tight credit lines
7. What is the purpose of a lockbox service in treasury management? → To centralize cash receipts and speed up processing
8. What ethical consideration is most relevant to tax planning & strategy in CCM practice? → Maintaining confidentiality and acting in the best interest of stakeholders
9. Which cash forecasting method relies on historical cash flow data to project future cash needs using statistical techniques such as moving averages? → Quantitative method
10. NACHA rules and operating standards govern which US payment system? → ACH Network
11. In accounts receivable management, aging analysis helps a company: → Identify overdue customer invoices and collection risks
12. A compliance program's effectiveness is BEST measured by: → Reduction in compliance incidents, audit findings, and employee awareness scores
13. In the Miller-Orr cash management model, what triggers a decision to invest excess cash in short-term securities? → Cash balance rises to the upper control limit
14. Which banking service helps companies concentrate cash from multiple accounts into one? → Cash concentration
15. A treasury analyst is calculating the 'net collected balance' for bank fee offset purposes. Which adjustment must be made to the average ledger balance? → Subtract float (uncollected funds) and the reserve requirement percentage
16. A force majeure clause in a commercial contract is intended to: → Excuse non-performance caused by extraordinary events beyond a party's control
17. Which metric best measures the efficiency of a company's accounts payable process from a cash management perspective? → Days Payable Outstanding (DPO)
18. The Miller-Orr cash management model sets an upper control limit at: → Three times the return point above the lower limit
19. What does 'Know Your Customer' (KYC) help prevent? → Fraud and money laundering
20. A company receives a large one-time payment and needs to invest it for exactly 47 days. Which instrument is most appropriate? → Term repurchase agreement
21. Which of the following best describes 'availability float' in the context of bank collections? → The delay between deposit and when funds are credited as collected
22. Multi-bank cash pooling allows a corporate treasurer to: → Consolidate balances across multiple banks to optimize interest income and borrowing costs
23. A 'bullet' investment strategy involves: → Concentrating maturities around a specific future date
24. How should a CCM professional handle a situation where risk assessment & mitigation protocols conflict with practical constraints? → Document the conflict and seek guidance from appropriate authorities
25. Positive Pay is a bank fraud prevention tool that works by: → Having companies pre-authorize issued checks so the bank can detect unauthorized items
26. A sweep account automatically transfers excess balances into which type of instrument at the end of each business day? → Overnight money market funds or repo agreements
27. What is a common challenge professionals face when applying tax planning & strategy principles in Certified Cash Manager? → Balancing theoretical knowledge with practical application
28. A non-disclosure agreement (NDA) is primarily used to manage which type of commercial risk? → Confidentiality and intellectual property risk
29. How does continuing education relate to tax planning & strategy for CCM certified professionals? → It ensures professionals stay current with evolving standards and best practices
30. Which of the following would most likely be used for managing daily liquidity? → Money market funds