Course description
Award in Cash Management Fundamentals
The Award in Cash Management Fundamentals (AwardCMF) is designed to provide students with an understanding of the essentials of cash management and working capital, allowing those who are new to the subject the opportunity to grasp the fundamental areas before moving onto the full Certificate in International Cash Management (CertICM).
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Upcoming start dates
Suitability - Who should attend?
There are no entry requirements for this certificate.
Perfect for you if you:
- are looking to take the first step in developing the essential skills and knowledge required for a career in cash and liquidity management, and you’re not ready to commit to the full Certificate in International Cash Management (CertICM)
- have recently moved into a cash management role (or would like to), either within corporate treasury or as part of a general finance remit, and would like to gain an understanding of the fundamentals of this topic
- are a banker or a consultant who needs to understand the basics of cash management from the perspective of the corporate in order to advise clients more effectively
Outcome / Qualification etc.
On completing unit one you will be able to:
- Describe the role of treasury and cash management including the factors that influence how those functions are performed within a company.
- Define cash management from both the bank and corporate perspectives and explain why it is important to companies.
- Explain the significance of liquidity to a company and the sources, uses and cost of maintaining liquidity.
- Comprehend important cash management concepts such as the cash flow cycle, float, finality, availability and the time value of money and describe how these concepts are used by cash managers.
- Recognise where float arises in the supply chain process and recommend what can be done to reduce float
- List the main duties of a bank and describe the differences between types of bank account.
- Calculate interest on a bank account.
- Describe the different types of charges levied for bank services and the techniques that can be used to reduce bank fees.
- Evaluate the advantages and disadvantages of different payment types (electronic and paper–based) and recommend appropriate payment vehicles for different transactions and situations.
- Be aware of regional preferences and know which payment instruments are favoured in which countries.
- Explain the impact of Basel III on the banking sector and treasurers.
On completing unit two you will be able to:
- Analyse how a company is being managed through the interpretation of a company’s financial statements.
- Perform simple financial analysis by computing important financial ratios, such as liquidity, gearing and performance ratios.
- Critically assess accounts receivable and accounts payable in order to recommend how the organisation can optimise working capital.
- Recommend improvements to the cash conversion cycle through the calculation of the cash conversion cycle and the value of trade discounts.
- Identify the ways in which cash can be released back into the operating cycle using trade financing vehicles.
- Evaluate the benefits of banking services designed to manage float, and quantify the benefits of using a lockbox.
Training Course Content
The Award in Cash Management Fundamentals is made up of the two units below. Once you have completed this award, you can then use these two units and the assessment towards the full Certificate in International Cash Management, which includes five additional units, as well as a compulsory tuition school and an additional assessment.
- Unit 1:Cash management – the essentials
- Unit 2:Working capital management
Why choose Association of Corporate Treasurers
Only professional treasury body with a Royal Charter
Over 1500 ACT students from over 100 countries
Established for more than 40 years
Reviews
Average rating 5
Expenses
FEES
Course fee £610
Student membership fee £105
Assessment fee £105
The AwardCMF certificate equipped me with solid knowledge to be confident in speaking about treasury solutions in any forum.