CERTIFICATE IN TREASURY FUNDAMENTALS

The Certificate in Treasury Fundamentals (CertTF) is the perfect first step into treasury and corporate finance equipping you with knowledge and tactical ‘hands-on’ skills.

1. IS THE CERTIFICATE IN TREASURY FUNDAMENTALS RIGHT FOR YOU?

Perfect for you if you are:

  • considering a career in treasury or corporate finance
  • in the early stages of your career and need to know about treasury
  • in a role that works closely with treasury
  • moving to a treasury role
1.1 COURSE STRUCTURE

LEARNING

Three online units

3-6 months study time 
(150 study hours)

ASSESSMENT

One online exam

1.5 hour multiple choice exam

MEMBERSHIP

You are a Student member of the ACT while you study and once qualified, you are eligible to become an eAffiliate member.

1.2 COURSE CONTENT

The Certificate in Treasury Fundamentals is made up of the three units below. For full ACT accreditation you will need to complete all three units and sit the assessment.

Unit 1: Introduction to the financial world

This unit sets the context for a career within treasury and introduces key concepts which are invaluable throughout your professional career.

As the first unit of your course, ‘The Financial World’ describes the environment in which all businesses and treasury professionals work. This environment includes the financial markets, accounting regulation, tax and legislation.

This unit then turns to the key topics of ethics and corporate governance, explains the fundamental importance of acting ethically at all times and how both ethics and corporate governance play a key role in all of the activities undertaken by treasury.

Finally, the unit illustrates the importance of risk identification and analysis for all organisations and for treasury and introduces the tools with which risk is managed in practice.

On completing unit one you will be able to:

  1. Describe the environment in which a treasury professional works, including knowledge of relevant accounting, tax, regulation and legislation.
  2. Explain the fundamental importance of governance, ethics, compliance and audit to the treasury function and how this contributes to the organisation as a whole.
  3. Describe the key tools with which risk is identified, assessed, managed, mitigated and reported in practice.

Unit 2: Principles of treasury operations

Treasury operations are the lynch pin of all treasury activity and it is essential that treasury is structured and runs in a way to meet the requirements of the organisation as a whole.

This unit examines how treasury works within the organisation and the way in which treasury may be structured to fulfil that role.

Having looked at the day to day activities undertaken by treasury, the benefits of using technology in support of treasury processes are also considered.

Finally, the unit provides a more detailed insight into the key role of a treasury function in managing cash and short term liquidity efficiently and effectively to support the organisation.

On completing unit two you will be able to:

  1. Explain the role of treasury in an organisation and the importance of internal and external relationships required to fulfil this role.
  2. Describe how a treasury function is structured and the processes and controls needed to enable its effective running.
  3. Explain the types of treasury technology that are available and how technology can be used effectively when carrying out treasury activities.
  4. Describe how the organisation’s cash and short term liquidity are managed on a day to day basis. 

Unit 3: Overview of financial markets and corporate finance

A key skill required by those working within treasury is the ability to identify and put in place solutions to financial problems.

In order to be able to do this effectively, this unit describes the principal financial markets that treasurers may need to access and a number of the key products available that are particularly useful to the treasurer.

Finally, the unit introduces the concept of corporate finance and explains why the various sources of finance available to an organisation may be used to structure its finances in an optimal manner. The use of project appraisal for investment decisions (present values) are also introduced.

On completing unit three you will be able to:

  1. Explain the main financial markets, market participants and products used by treasury when looking at ways of raising funds for the organisation (including the equity and debt markets).
  2. Outline the key considerations when undertaking money market, foreign currency and interest rate transactions.
  3. Define corporate finance (the relationship between risk and return and the principles of present value when selecting investments) and demonstrate awareness of how funding decisions are made.

1.3 ENTRY REQUIREMENTS AND EXEMPTIONS

There are no entry requirements for this certificate.

Our qualifications pathway is designed to support you at every level of your career. There are however a number of ways for you to get recognition for what you have already learnt and achieved through your previous studies of either professional qualifications or at university. This may result in exemption from the whole qualification.

Qualified accountant

If you are ACCA, CIMA, ICAEW qualified or qualified with an IFAC recognised body, you are exempt from the Certificate in Treasury Fundamentals.

We recommend that you begin your studies with the Certificate in Treasury. You may also be exempt from certain units of the Certificate in Treasury. Take a look at the accountancy exemptions information to see which exemptions apply to you.

If these accounting exemptions apply to you, you will be able to buy your exemption from the Certificate in Treasury Fundamentals at the same time as you buy your Certificate in Treasury units.

 

Prior work experience

If you have three years’ experience of working in a treasury role or working with treasury in either a financial institution or a treasury consultancy, then you may be exempt from the Certificate in Treasury Fundamentals.

We recommend that you do take the Certificate in Treasury Fundamentals to get a full grounding in the treasury context, however you can begin your studies with the Certificate in Treasury if you prefer to do so. When booking for the Certificate in Treasury, you will need to complete and upload a work experience declaration form.

If you are unsure that your work experience is sufficient to begin with the Certificate in Treasury, then take a look at the operational level of the ACT Competency Framework. If you recognise these competencies in your personal work, then the Certificate in Treasury will be a suitable starting point for your studies.

If the prior work experience exemption applies to you, you will be able to buy your exemption from the Certificate in Treasury Fundamentals at the same time as you buy your Certificate in Treasury units.

 

Previous degree

If you have any of the following qualifications, you are exempt from the Certificate in Treasury Fundamentals:

(A) Recognised degree in Accounting or a joint honours degree if achieved within the last 10 years

You are eligible for exemption from the Certificate in Treasury Fundamentals if you have a recognised degree in Accounting or a joint honours degree combining two of the following subjects and if this has been achieved within the last 10 years:

  • Accounting
  • Finance
  • Economics
  • Banking
  • Business studies

Your degree will need to be from:

You will need to upload your qualification certificate, or Statement of Comparability if you have gone through NARIC, when booking.

(B) MBA

You are eligible for exemption from the Certificate in Treasury Fundamentals if your MBA is from an accredited institution:

  • AACSB
  • AMBA
  • EQUIS

You will need to provide a copy of your qualification certificate.

(C) Recognised degree in any other graduate discipline

If you have a recognised degree in any graduate discipline and you have twelve months' experience of working in a treasury role or working with treasury in either a financial institution or a treasury consultancy, then you are eligible for exemption from the Certificate in Treasury Fundamentals. 

We recommend that you do take the Certificate in Treasury Fundamentals to get a full grounding in the treasury context, however you can begin your studies with the Certificate in Treasury if you prefer to do so. When applying, you will need to complete a ‘work experience declaration form’.

If you are unsure that your work experience is sufficient to begin with the Certificate in Treasury, then take a look at the operational level of the ACT Competency Framework. If you recognise these competencies in your personal work, then the Certificate in Treasury will be a suitable starting point for your studies.

You will need to provide a copy of your qualification certificate and a completed work experience declaration form when booking on the Certificate in Treasury.
If the previous degree exemption applies to you, you will be able to buy your exemption from the Certificate in Treasury Fundamentals at the same time as you buy your Certificate in Treasury units. 

 

I have qualified with an ACT Accredited University

If you are studying or have studied with one of our accredited universities, you may be exempt from the Certificate in Treasury Fundamentals and certain units of the Certificate in Treasury. Select your university below for more detailed information on how to apply based on your qualification.

Birmingham Business School

  • MSc Financial Management

Fachhochschule Wiener Neustadt GmbH (University of Applied Sciences Wiener Neustadt) 

  • Masters in Treasury and Investment Programme 

Hertfordshire Business School

  • BA Finance
  • BA Accounting and Finance 

Kingston Business School 

  • BSc Accounting and Finance 
  • MSc Finance
  • MSc Accounting & Finance 
  • MSc Financial Business Management
  • MSc Banking & Finance
  • MSc Investment and Financial Risk Management

Macquarie University

  • Masters of Applied Finance 

Sheffield Business School

  • BA International Finance and Banking 
  • MSc Banking and Finance 

1.4 BURSARIES

The ACT Educational Trust is a charity that promotes the treasury profession through education and support. The Trust offers bursaries to assist students from developing countries who are unable to fund or gain sponsorship for their studies, to study for an ACT qualification. If you are a national and resident of one of the countries listed here, and are unable to gain sponsorship for your studies from your employer, you can apply for a bursary for the Certificate in Treasury Fundamentals. The bursary covers the Certificate in Treasury Fundamentals course fee, student membership fee and assessment fee.

The next bursary application deadline is 24 October 2019.

Find out more and apply

2. HOW YOU LEARN

All three units of the Certificate in Treasury Fundamentals are delivered online through the ACT Learning Academy study site. As they are accessible online, you can start your studies at any time.

There are four assessment windows every year. This means that you can study until you feel ready and then you can book your assessment for the next available window.

Each unit will take you approximately 50 hours of study time to complete, with 150 hours study required in total. We estimate you should be able to complete the course in three to six months alongside your full-time work.

Learning licence

When you buy your learning materials you will have access to them for 12 months upon booking.

You can complete the learning for all the units in 3-6 months (150 study hours in total), so the 12-month learning licence gives you plenty of time to choose when you want to sit your assessment.

Learning materials

Online learning materials include:

  • Study guides take you through the learning step-by-step
  • Study guides can also be downloaded, if you prefer to learn offline
  • Webinars which explain certain concepts in more detail
  • Podcasts to supplement your learning
  • Practice progress tests after each unit
  • Practice exams

Learning support

Online learning support includes:

  • Student discussion forum
  • Online tutor support forum
  • Access to study techniques and tips
  • Access to additional resources

To help you plan your learning around your existing work / life commitments, take a look at the following suggested study plans.

They show a guideline of how you can complete the course in either 3, 6 or 12 months.

2.1 FREE LEARNING MATERIALS SAMPLE
Would you like a free sample of the study materials for the Certificate in Treasury Fundamentals so that you can try before you buy? You can request for a sample to be emailed to you by filling in your details in the form below.

3. ASSESSMENT

Whilst you are studying it’s up to you to decide when you are ready to opt in and take your assessment. You can take your assessments from anywhere in the world, wherever you have a reliable internet connection.

The assessment is one online exam. There are four exam windows each year to choose from.

LENGTH FORMAT NOMINAL PASS MARK
90-minute exam 75 Multiple choice questions 75%

You can view all the 2019 dates and detailed assessment information here:

Find out more

 

4. STUDENT MEMBERSHIP

When booking onto the Certificate in Treasury Fundamentals you will need to become a student member of the ACT.  Your student membership is valid for the duration of your 12 month learning licence, or until you pass your full qualification, whichever is soonest.

Student membership gives you access to lots of great things:

  • booking your assessment
  • online subscription to The Treasurer magazine
  • careers resources
  • events, regional groups and webinars
  • policy and technical updates
  • mentoring service

Remember to take advantage of these membership benefits - they really help make your introduction into treasury a fuller experience and will ensure you make valuable contacts which can impact your career, especially if you’re just starting out! When you have successfully completed the certificate, you will be eligible to become an eAffiliate member and use the designatory letters CertTF. These are the internationally recognised letters that go after your name that recruiters and employers look out for as they show you are a very credible candidate. You can find out more about ACT membership here.

5. FEES

Certificate in Treasury Fundamentals learning materials, membership and assessment fees:

When you start studying, you buy your online learning materials and student membership at the same time. Your assessment can be booked at a later date, when you feel prepared and ready to the sit the exam.

Online learning materials GBP 630
Online assessment GBP 100
Student membership GBP 100

Fees are subject to local rate of VAT where applicable.

Certificate in Treasury Fundamentals exemption fees:

The following fee applies if you are eligible for an exemption from the Certificate in Treasury Fundamentals.

Exemption GBP 100

Fees are subject to local rate of VAT where applicable.

6. BUY YOUR LEARNING MATERIALS AND STUDENT MEMBERSHIP

When you buy your learning and membership, you will need to log in to your ACT Learning Academy account. If you do not have one, you will be prompted to create one.

Have your credit / debit card details to hand; you will be required to make online payment through WorldPay. Upon submission, you will receive an automated summary email.

A student membership fee is payable on booking. Your student membership is valid for the duration of your 12-month learning licence, or until you pass your full qualification, whichever is soonest.

Your booking will be processed within five working days. 

You will be sent a booking confirmation with information on how to start your studies and at this time you will become a Student member of the ACT.

Buy qualification

7. BUY YOUR ASSESSMENT
Next assessment window 29 October - 1 November 2019
Bookings open 1 July 2019
Booking deadline Friday 4 October 2019, closing at 5pm

When you buy your assessment, you will need to log in to your ACT Learning Academy account. If you do not have one, you will be prompted to create one.

Have your credit / debit card details to hand; you will be required to make online payment through WorldPay. Upon submission, you will receive an automated summary email.

Your booking will be processed within five working days.

Buy assessment

8. ADDITIONAL LEARNING SUPPORT

If you would like some extra support to help you get assessment ready, you can book a 1-2-1 coaching workshop in addition to your online learning package.

Find out more

While I have 15-odd years’ experience in treasury, I have never had a certificate to back my experience up with. I found the CertTF to be a fantastic foundation course. I believe it would benefit most people already working in treasury or, people starting out in treasury who have not done any previous ACT courses (I think even qualified accountants who have never worked in treasury would benefit!). The course was very well structured and easy to follow. The notes were concise, clear and easy to understand. The support I received was amazing. Being a parent and main earner and studying at the same time can seem impossible at times. This course has really given me confidence to continue and obtain my qualification.
Orianne Steel, Cash Analyst, SABMiller
BOOKING FOR YOUR TEAM?

We can also deliver treasury fundamentals learning to companies with teams that are interested in taking either the full qualification or selected units, and tailor it to your business needs. Find out more about in-company solutions here