I have now gone through all of the Module tests in the Learning System: Treasury. Since my last blog, I have finished the three last modules (4, 5, & 6).  In order to break up the monotony of just taking practice question after practice question I also reviewed all of the flashcards and definitions.  These were very helpful because I was able to note on my calculations sheet the formulas that I was still having difficulty memorizing or applying.  There is an extremely large amount of definitions covered in the material so obviously the definitions potion of the AFP Learning System online will not cover everything, but similarly to the calculations it helps you identify some areas where you still need to study.  I think in general the online Learning System is extremely helpful.  It presents you with interesting practice questions and you know immediately if you get the answer right or wrong.  It also gives you a paragraph explanation of the answer and/or does out the entire calculation.  This is the best practice resource for the CTP. 

My module scores were in the range of 70-85% which is much better than I did on the pre-test.  At this point in my studies it’s all about reviewing facts (laws, definitions, and formulas and being able to apply these facts.  It would be impossible to memorize all of the facts in the books, but by taking the practice exam you realize what is important and what areas you need to focus on.  Another valuable resource to me was the CTP Exam Prep Guide, particularly page 3 of the document which lists out the number of questions on the exam per chapter.  This really allows you to realize what chapters you should focus on.  Chapter 10 – Payment Systems, Collections and Disbursements has the most, with 16-18 questions with Chapter 8 – Cash Management and Forecasting (14-16 questions), Chapter 11 – Money Markets, Short Term Investing and Borrowing (12-14 questions) and Chapter 3 – Managing Relationships with Service Providers (11-13 questions) following after with the most questions.  I decided to review my typed/printed notes again and began with the chapters with the most questions and working down from there.  In this way studying becomes strategic and my time is most utilized.