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


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


When filling the online application form; please take note of your desired Training Month, Duration in Weeks and Training Session. This will give us the exact dates you will be attending your classes.

Also note that Tuition Fees must be paid upfront on or before training start date. This is to ensure that all resources are made availabe for you before you start. You will not be allowed into training if fees are not paid and verified.

Also note that Tuition Fees Cancellations must be made 14 business working days before the starting date of training. This will allow us to do a 50% refund of the total amount paid. If cancellations are made thereafter note that no refund will be made to delegates.

Tuition Fees include teas and lunch as well as either a laptop or tablet which a delegate will take home free of charge.

Tuition Fee DOES NOT include Accommodation, Dinners and other Extra Curricular Activities or Incidentals. Delegates are expected to fund this on their own. AATICD will not be held accountable for any incidents to delegates.

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