Financial Skills: Treasury: Efficient and Effective Treasury Management

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Course Overview

This highly interactive course is designed for anyone who is new to treasury or has recently taken on responsibility for the department. It willdemonstrate why and how good treasury practices can be cost-effective and can improve corporate efficiency and it will put the treasury department in contextwith the rest of the organisation. Use this programme to 'health-check' your own treasury department as we will overview all of the key functional areas, discussing ways and means to increase treasury efficiency.

As treasury skills and applications become more widely recognised both inside and outside the organisation, it is vital to fully understand 'best practice' and ensure that staff understand their own roles, responsibilities and how the corporate culture in an organisation will influence their treasury activities. In the wake of the recent developments with Sarbanes-Oxley, corporate governance and the new accounting standards, this is more important than ever.

If you require more in-depth coverage of specific areas, please see our treasury programme for further courses.

Course Outline

CORPORATE TREASURY ACTIVITIES

• A practical view of the various activities within a treasury department
• Day to day requirements
• The treasury policy and procedures manual and other documents
• How treasury interfaces with other departments

KEY TREASURY ROLES AND RESPONSIBILITIES

• Cash management
• Most important -needed to make payments when due
• Forecasting, planning and monitoring liquid resources
• Investing surpluses
• How do I ensure I get the best rates
• Using banks and other providers
• Tools of the trade
• Credit trade-offs
• Borrowing
• How do I ensure I get the best rates
• Awareness of bid-offer spreads
• Ways and means of funding the business
• Risk management
• Profit centre vs. cost centre
• Risk averse vs. risk loving
• Active vs. passive risk management
• Reviewing a range of different corporate cultures
• Credit risk vs market risk vs. operational risk
• Which instruments are appropriate
• Currency and interest rate risk management
• First principles of hedging and the tools
• Should we be using derivatives
• Has the treasurer done a good job

Financial Skills: Treasury: Efficient and Effective Treasury Management / CM9405