Certificate in Treasury Management Course

Program Objectives:

By the end of the program, participants will be able to:

  • Advance their knowledge of corporate treasury management and the treasury function.
  • Obtain up-to-date practices covering Asset Liability Management and cash management techniques.
  • Develop a practical understanding of financial markets and their products.
  • Correctly recognize and measure financial instruments under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).
  • Improve their understanding of fair value measurement and its effect on financial instruments’ presentation.
  • Leverage their understanding of hedging and speculation, and understand the different hedging techniques applied by the treasury function

The Contents:

Treasury Function

  • Definition and Responsibilities of Treasury Function
  • Treasury Professionals’ Role
  • Risks Surrounding the Treasury Function:
  • Credit and Interest Rate Risk
  • Liquidity Risk and Exchange Rate Risk

Cash and Liquidity Management

  • 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
  • Cash Management Techniques
  • Managing and Accelerating Collections
  • Managing and Decelerating Disbursements
  • Ratio Analysis for Decision Making
  • Accounts Receivable Turnover
  • Inventory Turnover
  • Accounts Payable Turnover
  • Cash Conversion Cycle

Corporate Finance Theory

  • Basic Principles in Corporate Finance
  • The Value of Money
  • Steps in Investment Management Process
  • Holding Period Return Calculation for Fixed Income Securities
  • Risk and Return Concepts
  • Calculating Mean of Returns
  • Variance and Standard Deviation for an Individual Security
  • Covariance and Correlation of Returns for Two Securities
  • Interpreting Correlation of Returns
  • Variance and Standard Deviation for a Portfolio of Two or More Securities
  • Covariance and Correlation of Returns for a Portfolio of Securities
  • Normalizing Risks and Returns    
  • Coefficient of Variation

Fixed Income Securities and Bonds’  Valuations

  • The Money Market and Instruments
  • The Debt Market
  • Bonds and Sukuk
  • Other Fixed Income Securities
  • Risks Associated with the Debt Market
  • Credit Risk
  • Prepayment Risk and Interest Rate Risk
  • Bonds’ Valuation Techniques
  • Price and Maturity Relations
  • Yield Calculations

Stock Market and Equity Valuations

  • The Equity Instruments: IPOs, Seasoned Offerings and Private Equities
  • Holding Period Returns for Equity Securities
  • Equity Valuation Techniques
  • Discounted Cash Flow Model
  • Multiplier Model

Accounting for Financial Instruments

  • Classification of Instruments 
  • Held-To-Maturity Debt Securities (HTM) 
  • Trading Securities (TS)
  • Available-For-Sale Securities (AFS) 
  • Fair Value Through Profit and Loss Option (FVTPL) 
  • Initial and Subsequent Measurement 
  • Transfer between Categories 
  • De-Recognition of Financial Instruments

Briefing on Derivatives Markets, Hedging and Speculation

  • Definition of Derivatives: Forwards, Futures, Options and Swaps
  • Difference Between Hedging and Speculation
  • General Internal Hedging Strategies
  • Investing in the Home Currency
  • Creating a Natural Hedge
  • Currency Diversification
  • Mark-Ups
  • Counter-Trades and Currency Offsets


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