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Certificate in International Treasury Management – Public Finance (CertITM-PF)
The Certificate in International Treasury Management – Public Finance (CertITM-PF) is a professional qualification in treasury management from the Association of Corporate Treasurers (ACT) and the Chartered Institute of Public Finance and Accountancy (CIPFA). It delivers core knowledge, technical and practical skills and is the only qualification to provide a fundamental understanding of all aspects of treasury management for the public services from an international perspective.
ACT and CIPFA have partnered to develop this qualification as we believe it is vital that staff managing funds in the public services are trained in all aspects of treasury management. The recent Icelandic bank failures have highlighted this point on a very large scale.
Significantly, one of the key recommendations of the Audit Commission’s study* into that failure was that “CIPFA should continue to work with the Association of Corporate Treasurers to develop appropriate training and a qualification”.
* Risk and return report, published by the Audit Commission, March 2009.
Qualification Key Facts
Course length |
6 months |
Study hours |
150-200 |
Study method |
Self study with fully online learning programme and optional face-to-face tuition |
Assessment |
3 hour paper-based multiple choice examination |
Enrolment |
To enrol go to www.treasurers.org/certitmpf or complete the form on the back of the brochure |
Enrolment Deadline |
31 March and 30 September 2010 |
Qualification brochure and syllabus for download
Who should take this qualification?
CertITM-PF is relevant to anyone who needs a core understanding of treasury in the public services. It is aimed at staff working within the treasury management area of their organisation or where there is a need to understand the wider issues within treasury management.
In particular, it is relevant for those who:
- Work in treasury management in the public services
- Need to understand the wider issues of treasury management
- Have responsibility for treasury matters as part of a larger overall role
- Are considering a career in treasury management either domestically or internationally
- Deal with treasury matters as part of an advisory or consultancy role.
Course objectives
- To provide practical understanding of the core elements of international treasury management for the public services and help you apply this knowledge in your day-to-day working environment
- To offer an international focus that will meet the needs of finance professionals working in today's multinational business environment
- To deliver a flexible learning programme and tutor support that is accessible wherever and whenever you choose to study.
Benefits
You will gain:
- A clearer understanding of the essential principles and techniques of international treasury management
- The core knowledge, technical and practical skills required for a role in treasury management
- A certified professional qualification from the leading provider of international treasury education and the leading professional accountancy body specialising in the public services
- Eligibility to become a member of the ITM faculty which offers a continuous professional development resource and networking opportunities for holders of CertITM and CertITM-PF
- Eligibility to become an Affiliate Member of CIPFA and use the designatory letters CIPFA (Affil).
Course overview
CertITM-PF is a six-month course of 150-200 study hours assessed by a comprehensive paper-based multiple choice examination. It comprises five study units:
- Cash and Liquidity Management
Examines the context for international cash and liquidity management such as financial and banking systems and the time value of money. It introduces the financial markets and cash management activities. - Capital Markets and Funding
Explores core concepts of equity and debt and their associated public and private markets plus legal, regulatory and documentary issues and practical aspects of debt management. - Corporate Financial Management
An introduction to financial accounting and reporting as it impacts on treasury management, investment decision making and capital structures. - Risk Management
Explains the relationship between risk and business strategy, and the role of treasury, the development of policy and the key instruments used in financial risk management. - Treasury Operations and Controls
Examines the treasury function, systems and operation in the context of the organisation and how policy, objectives and controls are established to manage treasury activity efficiently and securely.
Why is this relevant
Treasury management in the corporate world is driven from the perspective that the purpose of a firm is to increase shareholder value. Whilst public bodies do not have the same concept of shareholder value, they do have a public duty to ensure the most effective use of public funds. Common principles, such as those seen in the analysis of security, liquidity and yield of an investment, show that there is a lot to be gained from the corporate perspective.
The CertITM-PF course covers the main areas of corporate treasury and whilst some of the topics may not appear directly relevant to those who work within public finance treasury, a knowledge of them will help put the public finance aspects of the course into context, allow contrast between the two sectors and enhance understanding of treasury in the public finance world.
For more information and to enrol for the qualification please visit www.treasurers.org/certitmpf or call +44 (0)20 7847 2540