Higher Test Marks with Free Online CCP Exam Practice

Assess the CertsIQ’s updated CCP exam questions for free online practice of your AACE Certified Cost Professional (CCP) test. Our CCP dumps questions will enhance your chances of passing the AACE certification exam with higher marks.

Exam Code: CCP
Exam Questions: 191
AACE Certified Cost Professional (CCP)
Updated: 15 Apr, 2026
Question 1

The written word is often more useful than the spoken. Guidelines for writing include: 

Options :
Answer: A

Question 2

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 is considered a measure of profitability?

Options :
Answer: A

Question 3

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 long-term non-production accounts (such as overhead accounts)? 

Options :
Answer: A

Question 4

Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve. Also, planning now for future expenses can be a plus to the company rather than a debit. There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assume money is worth 10%. The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses. If $10,000 is invested now at 10% compounded annually, what will the investments be worth 10 years from now? 

Options :
Answer: A

Question 5


The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses. If the owner in B has as his primary goal to get the project completed and on line as fast as possible, then he would most likely use the ______________type of contract.

Options :
Answer: A

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