Advanced Treasury Management

This Advanced Treasury Management course will cover:

The Role and Function of Treasury Management

• Overview of the main activities of treasury management in the private sector and public sector
• Treasury management activities in the private sector
• Treasury management activities in the public sector
• Introduction to Treasury risks

Strategic Treasury Management

• How treasury has evolved since the financial crisis
• Aligning treasury strategy with organisational goals
• Treasury as strategic financial advisers to the organization
• Areas where treasury takes a leading role, including bank relationship management; short and long-term borrowing and financial risk management

Managing Treasury Risks

• Risk management frameworks and the control environment
• Market risk
• Liquidity risk
• Currency risk
• Effective internal controls and governance in the treasury function

Practical Treasury Management

• Preparing cash flow statements
• Using ratio analysis
• Raising finance - debt versus equity
• The weighted average cost of capital (WACC)

Building an Investment Portfolio

• Establishing investment criteria and objectives
• Investment strategies; passive, active, matching, outsourcing and risk-reduction
• Balanced diversification across asset classes, geographic spread, currencies etc.
• Risk appetite

Capital Markets Role and Regulation

• Functions of the capital markets, compared with money markets
• Role of the primary market
• Role of the secondary market
• Aims, objectives, players and structures of market regulation

Capital Market Instruments

• Types and characteristics of equity
• Equity valuation methods
• Fixed income (debt) instruments – government and corporate bonds
• Valuing fixed income instruments

Effective Financial Analysis

• The main sources of information for financial analysis purposes
• The main financial statements according to International Financial Reporting Standards (IFRS)
• Income statement ratios; common size, profit margin, return on equity etc.
• Balance sheet ratios; quick ratios, current ratios, debt to equity and more

Derivative Instruments and Hedging Concepts

• Hedging concepts for financial risks
• Standardisation and settlement of exchange-based derivatives
• Exchange-based futures contracts –hedging currency and interest rate risks
• Options contracts – principles of calls and puts – building a simple hedge