This course examines the important roles of the corporate treasury in managing cash flow and liquidity, working capital, accessing debt financing, and managing capital. This course provides professionals with a sound understanding of the tools and techniques required for effectively managing the various aspects of treasury risk.
Course Objectives of Professional Treasury and Cash Management
Describe and explain the roles of corporate treasury management and the treasury function
Apply up-to-date practices covering asset-liability management and cash management techniques
Recognize and correctly measure financial instruments under International Financial Reporting Standards (IFRS)
Describe fair value measurement and explain its effect on financial instruments’ presentation
Explain hedging and speculation, and distinguish between the different hedging techniques applied by the treasury function
Definition and responsibilities of the treasury function
Treasury function as part of Organizational Structure
Treasury professionals’ role
Strategic challenges for treasurers in organizations
Risks surrounding the treasury function
Asset and liability management versus treasury management
Understanding the cash cycle
Reasons for holding cash: transaction, precautionary and speculative
The optimum cash balance:
Baumol’s model
Miller-Orr model
Managing and accelerating collections
Managing and decelerating disbursements
Ratio analysis for decision making
The time value of money
Steps in the investment management process
Calculating holding period return
Risk and return concepts
Fixed income securities and bonds’ valuations
The money market and instruments
The debt market
Risks associated with the debt market
Bonds’ valuation techniques
Price and maturity relations
The equity instruments: IPOs, seasoned offerings, and private equities
Holding period returns for equity securities
Equity valuation techniques
Accounting for investments: recognition, impairment, and hedge accounting
Type of investment securities
Classification under IFRS 9
Initial recognition and subsequent measurement
Transfer between categories
Impairment of financial assets under the new standard
Briefing on hedge accounting under IFRS 9
Definition of derivatives: forwards, futures, options, and swaps
Difference between hedging and speculation
General internal hedging strategies
Technology in treasury operations
The role of information management in treasury
Types of information management technology solutions
Information security
Technology policies and guidelines
Technology management systems
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