Treasury and Cash Management

Why Attend

It is essential for every organization to effectively utilize its funds and manage its exposure to key risks arising from fluctuations in interest rates and foreign exchange rates. The certificate in the treasury and cash management 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 Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, application of theories presented by the consultant and group exercises to exchange experience and apply the knowledge acquired throughout the course.

Course Objectives

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

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
Develop a practical understanding of financial markets and their products
Recognize and correctly measure financial instruments under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)
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

Target Audience

Treasury professionals, financial professionals, finance managers, corporate controllers, financial controllers, chief accountants, accounting managers, senior accountants, banking professionals, back-office managers, traders and dealers, finance regulators and corporate business professionals.

Target Competencies

Treasury management
Cash management
Risk analysis
Risk management

Equity valuation
Fixed income valuation
Hedging
Accounting for financial instruments

Location:

South Africa

Training Dates:

Each course starts every Monday of each week. Please book your training on a date that is a Monday.

Course Duration:

Unit Standard:

NQF Level:

Number of Credits:

Course Fees

Note: Please fill in the online application form on the left or bottom if this page to receive a quotation with detailed pricing from AATICD.

How to Apply:

To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website https://www.aaticd.co.za

NB: Terms and Conditions for Payment and Refunds

1.1. Full payment for the training workshop must be made at least 5 days before the scheduled workshop date.

1.2. Payment can be made via bank transfer, credit card, or any other agreed-upon method.

1.3. A confirmation of payment will be issued upon receipt of funds.

1.4. Any form of Payment means that trainee / delegate / client receiving the training accepts the training and agrees to these terms and conditions.

2. Cancellation and Refund Policy

2.1. Cancellations made 30 days or more before the workshop date will be eligible for a full refund, minus any administrative fees.

2.2. Cancellations made 15 to 29 days before the workshop date will be eligible for a 50% refund of the total payment.

2.3. Cancellations made less than 14 days before the workshop date will not be eligible for a refund.

2.4. Participants who fail to attend the workshop without prior notice will not be eligible for a refund.

3. Rescheduling

3.1. If a participant wishes to reschedule, a request must be submitted at least 14 days in advance, subject to availability.

3.2. A rescheduling fee may apply.

4. Workshop Cancellation by the Organizer

4.1. AATICD reserves the right to cancel or reschedule the workshop due to unforeseen circumstances, including but not limited to low enrolment, trainer unavailability, or force majeure events.

4.2. In the event of cancellation by AATICD, participants will be offered a full refund or the option to attend a rescheduled session.

4.3. AATICD is not responsible for any additional costs incurred by participants, such as travel or accommodation expenses.

5. Refund Processing

5.1. Approved refunds will be processed within 7 business days from the date of cancellation approval.

5.2. Refunds will be issued using the original payment method unless otherwise agreed.

6. Contact Information

For any questions regarding payments and refunds, please contact us at:

Email: apply@aaticd.co.za

Phone: +27 73 016 5042

By registering for the workshop, participants agree to abide by these terms and conditions.

In-House Trainings are also available for 3 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.

Course Outline

Introduction to 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:
  - Market risks: interest rate risk, FX risk, equity price risk, commodity price risk
  - Liquidity risk
  - Credit risk
  - Other risks
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
- Managing and accelerating collections
- Managing and decelerating disbursements
- Ratio analysis for decision making
  - Days sales outstanding versus credit term
  - Days inventory on hand versus lead time
  - Days of payables
  - Cash conversion cycle
Corporate finance theory
- The time value of money
- Steps in the investment management process
- Calculating holding period return
- Risk and return concepts
  - Calculating the mean of returns
  - Variance and standard deviation as a measure of risk
  - Covariance and correlation of returns for two securities
  - Interpreting the correlation of returns
Fixed income securities and bonds’ valuations
- The money market and instruments
- The debt market
  - Bonds and Sukuk
- Risks associated with the debt market
  - Credit risk
  - Prepayment risk
  - Interest rate risk
- Bonds’ valuation techniques
- Price and maturity relations

Stock market and equity valuations
- The equity instruments: IPOs, seasoned offerings, and private equities
- Holding period returns for equity securities
- Equity valuation techniques
  - The discounted cash flow model
  - Multiplier model
Accounting for investments: recognition, impairment and hedge accounting
- Type of investment securities
- Classification under IFRS 9: Fair Value Through Profit or Loss (FVTPL), Fair Value Through Other Comprehensive income (FVTOCI), amortized cost
- Initial recognition and subsequent measurement
- Transfer between categories
- Impairment of financial assets under the new standard
  - The expected credit loss model
  - Initial recognition of expected credit loss
  - Stage 1,2 and 3 evaluation
- Briefing on hedge accounting under IFRS 9
  - Conditions for hedge accounting
  - Fair value hedge and cash flow hedge
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