Advanced Treasury Management

Those who have a direct input into the treasury function in their organisation or have some responsibility for finance and financial strategy. They will be from all sectors, including private, public and not-for-profit including:



• Those who are new managers or managers wanting a refresher
• Operations managers who want to know more about treasury activities
• Managers who want to increase their strategic capability
• Managers who are about to be promoted into positions which require treasury literacy
• Managers facing financial investment decisions or expect to make a contribution to a wider planning process
• Internal auditors, accountants who need to show CPD

• Contrast and compare the treasury function in the private and public sector
• Evaluate the increasing the strategic role of the treasury function
• Identify financial risks in treasury management
• Optimise working capital

The Role and Function of Treasury Management

• Overview of the main activities of treasury management in the private sector and public sector
• Treasury management activities in the private sector
• Treasury management activities in the public sector
• Introduction to Treasury risks

Strategic Treasury Management

• How treasury has evolved since the financial crisis
• Aligning treasury strategy with organisational goals
• Treasury as strategic financial advisers to the organization
• Areas where treasury takes a leading role, including bank relationship management; short and long-term borrowing and financial risk management

Managing Treasury Risks

• Risk management frameworks and the control environment
• Market risk
• Liquidity risk
• Currency risk
• Effective internal controls and governance in the treasury function

Practical Treasury Management

• Preparing cash flow statements
• Using ratio analysis
• Raising finance – debt versus equity
• The weighted average cost of capital (WACC)

Building an Investment Portfolio

• Establishing investment criteria and objectives
• Investment strategies; passive, active, matching, outsourcing and risk-reduction
• Balanced diversification across asset classes, geographic spread, currencies etc
• Risk appetite

Capital Markets Role and Regulation

• Functions of the capital markets, compared with money markets
• Role of the primary market
• Role of the secondary market
• Aims, objectives, players and structures of market regulation

Capital Market Instruments

• Types and characteristics of equity
• Equity valuation methods
• Fixed income (debt) instruments – government and corporate bonds
• Valuing fixed income instruments

Effective Financial Analysis

• The main sources of information for financial analysis purposes
• The main financial statements according to International Financial Reporting Standards (IFRS)
• Income statement ratios; common size, profit margin, return on equity etc.
• Balance sheet ratios; quick ratios, current ratios, debt to equity and more

Derivative Instruments and Hedging Concepts

• Hedging concepts for financial risks
• Standardisation and settlement of exchange-based derivatives
• Exchange-based futures contracts – those for hedging currency and interest rate risks
• Options contracts – principles of calls and puts – building a simple hedge