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

Which one of the Four Building Blocks of financial management enables an organization to ensure accountability to stakeholders?

Internal Control

Financial Planning

Accounting Records

Financial Monitoring

2 / 10

A Maternal Health project receives restricted grant funding from three different funding agencies. The cost of employing the Project Coordinator is shared equally by two of the funders. When entering the Coordinator’s salary in the accounting records, which type of code would you use to allocate the 50% share to each funder?

Nominal code

Account code

Expense code

Cost center code

3 / 10

Which of the following reports is the primary reporting output of the cash accounting system?

Income and expenditure report

Receipts and payments report

Budget monitoring report

Forecast report

4 / 10

What information is included in a budget forecast report?

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 cash flow for previous months compared to the original cash flow forecast

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

5 / 10

Financial management in an organization involves four types of activity needed to manage financial resources to achieve its objectives. Three of the management activities are: planning, monitoring and controlling. What is the fourth activity area?

Organizing

Evaluating

Authorizing

Assessing

6 / 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

Reconciling the stock records

Refresher training on how to request a cash advance

Developing a code of conduct

7 / 10

In an activity-based budget worksheet, what number is put into the ‘Number of Units’ column?

The number of resource items needed as described by the Unit Type

The cost for one unit of the resource item

The number of items of equipment needed

The number of times that a particular resource is needed to fulfil the project activity described

8 / 10

Why does an organization need a finance manual?

To provide a reference to staff on how to manage finances and ensure consistency

To meet Globally Accepted Accounting Standards

It is a legal requirement for any organization that receives public funding

Because it is a standard requirement of funding agencies

9 / 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 be included in a separate section of the budget for Capital items

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

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

They should be included in the budget as a general contingency

10 / 10

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

Annual financial statements

Project activity plan

Staff job descriptions

Delegated authority document

Before accessing the results of your quiz, please consider subscribing to receive news, invitation for webinars, and keep updated about PM4NGOs new guides, tools, and templates. Click the button below to see your results.

Your score is

The average score is 69%

0%

Did you like this format for practicing the exam? Please send any suggestions to improve it.

Thank you. Your feedback is valuable to help us improving the PM4NGOs website.

Finance DPro (FMD Pro)

Stay in touch