Finance DPro – English

Welcome to the Finance DPro (FMD Pro) Practice / Sample Test.

This test allows you to practice a few questions of a DPro the certification exam. It helps to get into contact with the real exam questions (similar - not same questions). At the end of the practice test, you will be able to check your results and the correct answers.

You will also be invited to take a full practice / sample exam at a platform that has the same design, environment, and features. The full practice is important as it also tests your device for compatibility with the real exam platform.

Important notes:

Questions on this sample exam ARE NOT the same of the actual exam. These questions provide an overall idea of type of questions that you will find in the actual exam.
This is a practice exam - it is not valid as a DPro certification and it does not grant you any certificate or other document.
We recommend that you also take the Sample Exam at the PM4NGOs Sample Exams Platform.

1 / 10

If you were advising a newly established local partner, which of the following items would you recommended as one of the minimum requirements for a strong accounting system?

Funding grids for projects with multiple funders

Budget forecast reports for every project

A cashbook for every bank and cash account

Keeping supporting documents for all expenses over USD50

2 / 10

A project requires a motor bike and some computer equipment. What is the best way to treat these few high value assets in the project's Income & Expenditure budget?

They should not be included in this budget, rather put into a separate Capital budget

They should be included in the budget as a general contingency

They should be included in a separate section of the budget for Capital items

They should be included in the budget with the other general project expenses

3 / 10

The project team now wish to make an application for funds to a funding agency. What additional information do they need to add for each line item to be able to summarize the budget worksheet in the funder's own budget format? (Refer to the partially completed Budget Worksheet for a Capacity Building Project.)

Funder budget codes

Cost center codes

Grant identification codes

Chart of accounts codes

4 / 10

Which of the following is a reason why organizations provide regular reports to funding partners?

To provide information to funders, who are themselves accountable to their stakeholders

To meet Globally Accepted Accounting Standards

To provide a detailed cash flow report for the project

To be publicly accountable for the organization’s income and expenditure, and any assets and liabilities

5 / 10

Which one of the following documents is it essential to have available at the start of the activity-based budgeting process?

Staff job descriptions

Annual financial statements

Project activity plan

Delegated authority document

6 / 10

Which of the following measures is used to minimize the risk to project equipment such as computers, furniture and cameras?

Implement an audit process

Keep a fixed assets register

Maintain a strong box

Maintain a vehicle log

7 / 10

During the procurement process, the Payment Voucher form should be checked and authorized by the:

Program manager

Finance officer

Budget holder

Logistician

8 / 10

What information is included in a budget forecast report?

The actual income and expenditure cash flow for previous months compared to the original cash flow forecast

The actual expenditure for the previous period with the cash flow forecast for future periods

The original budget for income and expenditure for the whole life of the project compared to the actual income and expenditure to date

The actual income and expenditure figures for the previous months with an estimate of the income and expenditure for future periods

9 / 10

One of the Four Internal Control Actions is ‘Direct’. Which of the following internal control procedures falls into the ‘Direct’ category?

Correcting errors in the accounting records

Developing a code of conduct

Reconciling the stock records

Refresher training on how to request a cash advance

10 / 10

Which of the following losses happened as a result of an unmanaged internal risk?

Receiving fewer grant funds that expected due to major fluctuations on the foreign exchange market

Withdrawal of a funding agreement due to a change in government policy

Perishable medicine supplies held up due to a strike by customs' officials

Laptop computer stolen from the Program Manager's unlocked vehicle

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Finance DPro (FMD Pro)

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