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THE CCP EXAM

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ABOUT CCP EXAM

CCP Exam is a product of 3FOLD Education Centre dedicated for online cost professional / cost

engineering (CCP) exam preparation training. Preparing for the Certified Cost Professional exam

is challenging, at the same time a rewarding experience! We will help with the challenge, you

enjoy the reward! Prepare for the CCP Exam with our world class learning resources prepared by

renowned experts from the industry.



CCP EXAM BASICS

In order to sit for the exam, you must first fill out an application and your application must be qualified by the CCP Committee. See

6 Steps to Certification and Application for more information about the application process. The examination includes 200 multiple

choice, true/false, and fill-in-the-blank questions, equally divided among the ten topics listed in the CCP Practice Exam. Two essay

questions, from a choice of seven topics, must also be answered. In addition, applicants can earn an extra five points by

completing a third essay question, which will be reviewed only if the exam score is borderline.

The exam does not test specific expert knowledge within any particular segment of the industry. Passing the exam reflects an

advanced knowledge of many different aspects of the culinary field. That said, your chances of success will increase if you have a

working knowledge of the major ethnic cuisines, a thorough foundation in techniques, and a familiarity with sanitation

requirements and basic nutrition. To assure confidentiality and objectivity, examinations are identified to those scoring by number

rather than by the candidate's name. A passing score on the exam is 70%. Over 90% of those taking the exam pass it on the first

try. http://www.pass4sures.co/CCP.html


PREPPING FOR THE EXAM

Before attending a review session or sitting for the exam, we recommend that you study both the:

CCP Practice Exam and

CCP Reading List.

Many of the exam questions are drawn from the sources in the reading list. A certification review

session is offered during the Annual Conference, typically held in April. Review sessions can also be

scheduled at other times and in other locales by contacting the CCP Committee Chair. If you need

additional assistance with your study program, you can arrange mentoring support through our CCP

Study Hall Program. Again, contact the Committee Chair for more information.



PASS THE CCP EXAM THE FIRST TIME

Overall, the AACE International (CCP Practice Exam) designation is a daunting challenge, and

the odds of success from start to finish are slim; less than 20% of those who begin this challenge

reach the end. However, as one in five candidates have demonstrated, it is possible.

There is no secret code to navigating through the CCP Practice Exam program and passing the

test, but an organized, disciplined approach will help you pass each level of the program and

ultimately achieve your goal. Find out what you'll need to make the cut and pass each level on

your first try.



CCP AACE INTERNATIONAL STUDY

GUIDE

Pass4sure CCP AACE International study guide imparts confidence to its clients to shake off their

exam fears of CCP and get an assured success, employing only minimum efforts. By using Pass 4

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AACE INTERNATIONAL

Exam CCP Certified Cost Professional (CCP) Exam

Version: Demo



AACE INTERNATIONAL CCP PRACTICE TEST

Question No : 1

Answer: A

An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last

twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be

$22,500 and annual expenditures were to be $12,000. Answer the question using a straight line

depreciation and a 10% interest rate. If $50 was invested at 6.0% on January 1, year 1, what would be

the value of year-end withdrawals made in equal amounts each year for 10 years and leaving nothing in

the fund after the tenth withdrawal?

A. $6.80

B. $3.10

C. $5.35

D. $2.22




Question No : 2

Answer: B

What is executed in connection with a contract and secures the performance and fulfillment of all

the undertakings, covenants, terms, conditions and agreements contained in the contract?

A. Liability insurance

B. Performance bond

C. Bid bond

D. Surety bond




Question No : 3

Answer: B

A major theme park is expanding the existing facility over a five-year period. The design phase will

be completed one year after the contract is awarded. Major engineering drawings will be finalized

two years after the design contract is awarded and construction will begin three years after the

award of the design contract. New, unique ride technology will be used and an estimate will need to

be developed to identify these costs that have no historical data.

Which of the following methods a used for creating critical path schedules:

A. Precedence diagram method

B. Precedence and arrow diagram methods only

C. Gantt chart (bar chart) method

D. Arrow diagram method




Question No : 4

Answer: D

A major theme park is expanding the existing facility over a five-year period. The design phase will

be completed one year after the contract is awarded. Major engineering drawings will be finalized

two years after the design contract is awarded and construction will begin three years after the

award of the design contract. New, unique ride technology will be used and an estimate will need to

be developed to identify these costs that have no historical data.

Which of the following percent complete measurement techniques is best suited for longterm non-

production accounts (such as overhead accounts)?

A. Ratio/level of effort

B. Start/finish

C. Units completed

D. Incremental milestone




Question No : 5

Answer: D

A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after

the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and

construction will begin three years after the award of the design contract. New, unique ride technology will be used and an

estimate will need to be developed to identify these costs that have no historical data. The following question requires your

selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference

during your response/choice of responses.

Which statement best describes the type of information available for a design phase estimate?

A. Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied

B. Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts

C. Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major

subcontractors

D. Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or

estimates received from subcontractors




Question No : 6

Answer: D

A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year

after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded

and construction will begin three years after the award of the design contract. New, unique ride technology will be used

and an estimate will need to be developed to identify these costs that have no historical data.

The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split

screen, using the drop down menu, to reference during your

response/choice of responses.

Select the statement that best describes the method to estimate the cost of the new rides:

A. Break down the technology into components

B. Call vendors for quotes

C. Use historical data from past projects

D. Adjust known data from existing rides




Question No : 7

Answer: B

What is a basic element of work or a task that must be performed over a given period of time in

order to complete a project called?

A. WBS element

B. Activity

C. Resource

D. Commodity




Question No : 8




Question No : 8

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side

of your split screen, using the drop down menu, to reference during your response/choice of

responses. At the end of 30 months, copper prices will have increased by what percentage over

today's price?

A. 4.6%

B. 3.5%

C. 6.6%

D. 2.5%

Answer: D




Question No : 9

Answer: D

An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to

last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated

would be $22,500 and annual expenditures were to be $12,000. Answer the question using a straight

line depreciation and a 10% interest rate. Which of the following interest rates disregards the effects

of compounding periods that occur more frequent than annually?

A. Continuous compounding rate

B. Simple interest rate

C. Minimum attractive rate of return

D. Nominal interest rate




Question No : 10

Answer: B

An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to

last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated

would be $22,500 and annual expenditures were to be $12,000. Answer the question using a straight

line depreciation and a 10% interest rate. If you buy a lot for $3,000 and sell it for $6,000 at the end

of 8 years, what is your annual rate of return?

A. 10.4%

B. 9.1%

C. 8.3%

D. 9.9%



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