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

Why does an organization need a finance manual?

Because it is a standard requirement of funding agencies

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

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

To meet Globally Accepted Accounting Standards

2 / 10

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

Logistician

Program manager

Finance officer

Budget holder

3 / 10

The Variance Analysis Table is used for what purpose?

To assess the likely impact of the variances if no action is taken

To analyze budget variances by percentage to assess their relative risk levels

To classify the root cause of budget variances to know if the variation is temporary or permanent

To identify budget variances that may be caused by errors in the accounting records

4 / 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?

Evaluating

Authorizing

Organizing

Assessing

5 / 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?

Budget forecast reports for every project

Funding grids for projects with multiple funders

Keeping supporting documents for all expenses over USD50

A cashbook for every bank and cash account

6 / 10

The central goal of financial control is to:

Ensure financial reports are timely, accurate and relevant

Protect staff against accusations of theft or fraud

Prevent bribery and corruption taking place in the organization

Ensure the organization’s financial resources are used for the purpose intended

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

To provide a detailed cash flow report for the project

To meet Globally Accepted Accounting Standards

8 / 10

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

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

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

Laptop computer stolen from the Program Manager's unlocked vehicle

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

9 / 10

What tool is used to identify strategies to reduce budget variances and minimize their impact?

Funding grid

Cash flow report

Budget worksheet

Budget monitoring action planner

10 / 10

What information is included in a budget forecast report?

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

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

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

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The average score is 69%

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Finance DPro (FMD Pro)

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