Treasury Management

Those who use or plan to use the capital markets and want to broaden their knowledge of raising finance and/or investing using capital market instruments. They will be from all sectors, including private, public and not-for-profit including:

• Those working in treasury and need to know more about the capital markets
• Operations managers who want to know more about treasury activities
• Managers who are responsible for investing surplus funds
• Treasury employees who need to know how to assess financial performance
• Internal auditors, accountants who need to show CPD

• Contrast and compare the treasury function in the private and public sector
• Differentiate between primary and secondary markets and the roles of the markets
• Develop skills of calculating the fair value of equity and bond instruments
• Compare and contrast primary and secondary markets
• Develop skills in assessing the performance of stocks and shares
• Use derivative instruments to protect against pure risks

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