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This program presents and discusses all of the various aspects of treasury management in a four-course format, CTP 101 Introduction to Treasury Management, CTP 201: Working Capital Management. CTP 301 Risk Management, and CTP 401 Financial Management.
It covers the generally accepted principles and practices used to manage a firm’s liquidity, capital, and risk management functions. It also represents the body of knowledge that needs to be mastered to earn the Certified Treasury Professional (CTP) © credential. The CTP © certification, which is administered by the Association for Financial Professionals (AFP), serves as a benchmark of competency in the finance profession and is recognized as the leading credential in corporate treasury worldwide.
Because the management of treasury functions occurs in a dynamic, ever-evolving environment, the related body of knowledge changes over time. The profession’s evolution is apparent in the rapid expansion of the day-to-day methodologies, tools treasury professionals use, and the types of responsibilities boards of directors and chief executive officers place on treasury professionals. This ongoing change creates a need to update any book or text that discusses the profession periodically.
One of this program’s goals is to explain how and why particular methods and analytical tools are used, including when it is appropriate to use them and how the results should be interpreted. The objective of all business decisions should be to increase the business’s economic value, either immediately or over the long term. This goal applies no less to treasury responsibilities and decisions than other areas of a firm’s operations.
Economic value in the marketplace is tied directly to financial performance. Financial markets weigh a firm’s performance relative to market participants’ expectations for that firm. A treasury professional has to weigh considerations of cost efficiency, risk, and expected return on investment when choosing among treasury management tools and investments and borrowing alternatives and when making decisions that affect the timing of cash flows. The treasury professional must make choices to understand their impact on firm value while simultaneously ensuring an adequate level of safety represented by appropriate liquidity and risk mitigation practices.
It should also be noted that while this program focuses primarily on the typical for-profit corporation, many of the principles and practices in the treasury area also apply in the not-for-profit and government sectors. The organizational goal may be slightly different, but the concept of providing best-practice treasury operations in the most efficient man is consistent.
From Webster, Essential of Treasury Management, 4th Edition. Copyright © 2013 by the Association for Financial Professionals (AFP)
CTP 101
In the Introduction to Treasury Management Training Course, you will learn the role of treasury in the management of a company’s assets, the regulatory and legal environment, the functions and services of banks and financial service institutions, payment systems, money markets, capital markets, and vendor management and selection.
CTP 201
In the Working Capital Management Training Course, you will learn best practices to manage their firm’s working capital (cash available for day-to-day operations) to improve the firm’s liquidity position, financial health, and reduce risk to allow management to take advantage of unexpected opportunities, and to qualify for bank loans and favorable trade credit terms.
CTP 301
In the Financial Risk Management Training Course, you will learn industry best practices for preserving the economic value of a firm by using financial instruments to identify and analyze areas of potential risk threatening the assets, earning capacity, or success of a business. Similar to general risk management, financial risk management requires identifying its sources, measuring it, and creating a plan to address it.
CTP 401
in the Financial Management Training Course, you will learn the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations through effective planning, directing, controlling, and administering of the monetary resources of an organization.