Certified Treasury Professional




 This course presents and discusses all of the various aspects of treasury management. It covers the generally accepted principles and practices used to manage a firm’s liquidity, capital, and risk management functions. As such, 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 takes place in a dynamic, ever-evolving environment, the related body of knowledge changes over time. The evolution of the profession is apparent not only in the rapid expansion of the day-to-day methodologies and tools treasury professionals use, but also in the types of responsibilities boards of directors and chief executive officers place on treasury professionals. This ongoing change creates a need to periodically update any book or text that discusses the profession.

One of the goals of this program 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 economic value of the business, either immediately or over the long term. This goal applies no less to treasury responsibilities and decisions than it does to 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, as well as when making decisions that affect the timing of cash flows. The treasury professional must make choices with an
understanding of 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 Introduction to Treasury Management (3 days)

Section 1: Introduction to Treasury Management

Module 1: The Role of Treasury Management
The Role and Organization of Treasury Management
Finance and Treasury Organization
Corporate Governance

Section 2: The Treasury Environment

Module One: Regulatory and Legal Environment
General Regulatory Environment
Primary Regulators and Standard Setters of Global Financial Markets
U.S. Legal and Regulatory Environment
Bankruptcy (Insolvency)
Module Two: Banks and Financial Institutions
Financial Institutions: Functions and Services
Module Three: Payment Systems
Payment Systems Overview
Cash Payments
Check-based Payments
Large-Value Funds Electronic Transfers (Wire Transfer)
Small-Value Transfer or Automated ClearingHouse Systems (ACH)
Card-Based Payment Systems
Module Four: Money Markets
Global Money Markets
Short-Term Money Markets in the United States
Module Five: Capital Markets
Overview of Capital Markets
Debt Market A. Medium- and  Long-Term Borrowing
Equity (Stock) Securities
Module Six: Management and Vendor Selection 
Relationship Management
Vendor Selection Process
Bank Compensation Practices
Assessing Service Provider Risk​

CTP 201: Working Capital Management (3 days)​

Module One: Introduction to Working Capital Management
Overview of Working Capital
The Working Capital Cash Conversion Cycle (CCC)
How Changes in Current Accounts Impact External Financing
Working Capital Investment and Financing Strategies
Management of Credit and Accounts Receivable (A/R)
Management of Inventory
Management of Accounts Payable (A/P)
Multi-National Working Capital Management Tools
Module Two: Working Capital Metrics
Basic Financial Concepts
Working Capital Metrics
Cash Conversion Cycle (CCC)
Cash Discount Calculations
Accounts Receivable (A/R) Monitoring and Control
Collections and Concentrations Calculations
Module Three: Collections, Concentration, and Disbursements
Concentration of Funds
Payments Fraud
Module Four: Short-Term Investing and Borrowing
Managing Short-Term Investments
Pricing and Yields on Short-Term Investments
Managing Short-Term Financing
Debt Financing
Module Five: Long-Term and Capital Investments 
Managing Capital Market Investments
Valuation of Long-Term Securities
Module Six: Cash Forecasting
Purpose of Cash Forecasting
Issues and Opportunities
Types of Forecasts
The Forecasting Process
Forecasting Methods
Best Practices of Cash Forecasting
Module Seven: Information Technology in Treasury
Information Technology for Treasury
Treasury Management Systems (TMS)

CTP 301 Risk Management (2 days)

Operational and Enterprise Risk Management

Module 1: Introduction
Module 2: General Risk Management
Module 3: Enterprise Risk Management (ERM)
Module 4: Operational Risk Management
Module 5: Disaster Recovery and Business
Module 6: Insurance Management

Financial Risk Management

Module 1: Introduction
Module 2: Overview of Financial Risk Management in Treasury
Module 3: Derivative Instruments Used as Financial Risk Management Tools
Module 4: Foreign Exchange (FX) Risk Management in Treasury
Module 5: Currency Derivatives Used to Hedge Foreign Exchange (FX) Exposure
Module 6: Interest Rate Exposure and Risk
Module 7: Commodity Price Exposure
Module 8: Other Issues Related to Financial Risk

Treasury Policies and Procedures
Module 1: Introduction
Module 2: Overview
Module 3: Process for Creating Policy Guidelines and Procedures
Module 4: Short Term Investment Policy Development
Module 5: Overview of Key Treasury Policies and Considerations

CTP 401 Financial Management (2 days)

Module 1: Financial Accounting and Reporting
Accounting Concepts and Standards
Financial Reporting Statements
Accounting for Derivatives, Hedges, and Foreign Exchange (FX) Translation
Accounting for U.S. Governmental and Not-For-Profit (G/NFP) Organizations
Module 2:  Financial Planning and Analysis
Cost Behavior
Decision Evaluation
Developing Operating and Financial Budgets
Financial Statement Analysis
Performance Measurement
Financial Analysis and Rating Agencies
Module 3: Financial Decisions and Management
Capital Structure of a Company
Raising and Managing Long-Term Capital
Cost of Capital and Firm Value
Lease Financing and Management
Equity Financing and Management
Other Topics in Financial Decisions
From Webster, Essential of Treasury Management, 4th Edition. Copyright © 2013 by the Association for Financial Professionals (AFP).


Click on the link to class you are interested in at the top of the page to see class dates.

Each Student Receives:

  • student manual or textbook for use during and after the class.
  • Instruction from an experienced business professional (minimum of 30 years) with at least five years in a corporate senior management position (CEO, President, COO, Vice President, CFO).
  • Real life exercises to support training materials.
  • Individual attention (classes are limited to four students).
  • Personalized Certificate of Completion