Top 6 ACT Treasury Qualifications
In the current fast-paced financial scene, effective treasury management stands as a key component for business achievement. Finance professionals seeking career advancement recognise the ACT Treasury Qualification as a crucial step in this vibrant sector. These qualifications provide targeted treasury skills necessary at various stages of one’s career.
We’ll discuss the details of each ACT treasury qualification, from the entry-level CertTF to the esteemed Advanced Diploma in Treasury Management. You’ll learn how each program prepares you for treasury challenges, the commitment involved, and its impact on your career growth.
Let’s begin examining how these certifications can define a professional trajectory within the treasury domain. Before we proceed, if what you are looking for is more information about the CTP preparation, be sure to take a look at “Top 10 Certified Treasury Professional Courses” for essential information.
Main ACT Treasury Qualification
The main ACT Treasury Qualifications equip finance professionals with essential skills for career growth in treasury. Each level offers targeted knowledge and practical tools for effective financial management. Here’s a closer look at what each qualification entails.
1. Certificate in Treasury Fundamentals
The Certificate in Treasury Fundamentals (CertTF) offers a vital starting point for those launching or shifting to a treasury career. It provides a solid grasp of the financial elements within treasury, such as risk management, and boosts cash flow strategies to sustain an organisation’s fiscal health.
For beginners or those from different fields, the CertTF is an in-depth kickoff encompassing three online segments. Candidates typically invest 150 hours of study over three to six months. A 90-minute online test with multiple-choice questions assesses their understanding.
Achieving this qualification grants digital credentials, showcasing one’s growing expertise on platforms like LinkedIn and includes Student membership with the Association of Corporate Treasurers (ACT), offering access to resources and networking.
The course fees total GBP 1,008, including study materials, assessment, and Student membership, with additional local taxes. There are no prerequisites, making it accessible to all interested individuals. Candidates with previous qualifications or experience might qualify for exemptions, easing their certification journey.
Bursaries support candidates from developing nations, ensuring equitable access to this career-advancing credential. The CertTF lays the groundwork for further professional development within the ACT’s framework.
2. Certificate in Treasury
The Certificate in Treasury (CertT) is a key ACT Treasury Qualification for professionals targeting excellence in treasury management. If you’re grounded in business or finance, already working in or transitioning to treasury, this qualification is designed for you. It builds upon the Certificate in Treasury Fundamentals (CertTF), which is ideal for those at an operational career stage.
The CertT comprises five online units covering crucial treasury aspects: cash and liquidity, corporate finance, risk management, and a specialised unit on technology, ethics, and governance. Mastery in these areas enables strategic decisions to boost organisational performance.
You’ll need to dedicate 250 study hours over 6-12 months, ending with flexible online exams. The CertT not only elevates your professional acumen but also sets the stage for the Diploma in Treasury Management.
Completing the CertT earns you a digital badge and E-Certificate from the ACT, enhancing your resume and LinkedIn profile. Enrollment confers ACT student membership, offering resources like The Treasurer magazine, career tools, and networking events. You’ll also qualify for affiliate membership and the right to use CertT after your name.
Cost-wise, expect GBP 457 for each unit, with bundled discounts and a GBP 190 exam fee per unit. Student membership is GBP 207, plus applicable local VAT. Relevant prior experience or qualifications could shorten your journey and cut costs. For those wanting extra support, one-on-one coaching is available for an extra charge.
3. Diploma in Treasury Management
The Diploma in Treasury Management by ACT is a leap forward for experienced finance professionals looking to become key decision-makers. If you have a solid treasury background or have completed the Certificate in Treasury, this Diploma is tailored for you. It sharpens your governance, risk management, corporate finance, and stakeholder relations skills, preparing you to take on senior roles.
Over 12-18 months, you’ll tackle four detailed online units, dedicating 600 hours to learning. Assessments, including exams and a mini-dissertation, equip you for practical challenges. Succeed, and you’ll boost your professional visibility with a digital badge and eCertificate.
This Diploma deepens your understanding of governance, risk frameworks, debt financing, and leadership in treasury, ensuring you can apply sophisticated financial strategies within your company.
The course costs £2,500 for all units, plus fees for student membership and assessments. Prior experience or qualifications could reduce both the workload and the cost. You’ll benefit from webinars, mock exams, and forums, enriching your educational journey.
Once enrolled, you gain ACT student membership, opening doors to invaluable resources and networks. Completing the Diploma qualifies you for Associate membership and the AMCT post-nominal, marking your recognised expertise.
4. Advanced Diploma in Treasury Management
The Advanced Diploma in Treasury Management is the apex of ACT treasury qualifications, crafted for finance professionals who aim to ascend to roles like CFO or Group Treasurer. If you’re a corporate treasurer, accountant, banker, relationship manager, or financial analyst with aspirations in corporate finance, risk management, or treasury, this program is your next step. It’s also the next stage for those who’ve completed the Diploma in Treasury Management.
You’ll immerse yourself in 650 study hours across 12-15 months, covering two online units and three masterclasses, capped with a two-day residential school, revision webinars, and personalised dissertation guidance. This rigorous program addresses strategic commercial and financial challenges, arming you with actionable treasury expertise.
Assessments include an online exam, a dissertation, and its presentation, ensuring you gain a thorough and practical grasp of the subject. Successfully finishing the course earns you digital credentials and eligibility for Fellowship of the ACT, distinguishing you as a leader in the field.
The cost is GBP 1,450, plus VAT where applicable, covering exams and dissertation assessments. ACT membership is required during your studies, granting you access to The Treasurer magazine, career support, and continuous learning opportunities.
Cash Management focus ACT Treasury Qualification
Cash management is a critical skill set for treasury professionals, and the ACT offers specialised qualifications to meet this need. These qualifications provide the knowledge and practical abilities crucial for managing global cash and liquidity efficiently.
5. Award in International Cash Management
The Award in International Cash Management, a fundamental component of ACT treasury qualifications, is designed for individuals embarking on a career in global cash and liquidity management. Ideal for aspiring treasurers, finance professionals, and bankers, this qualification enhances your ability to manage cash with precision and offer informed advice to clients.
This concise course requires 1-3 months of study across three units, focusing on cash management terminology, international cash flow, and optimising financial positions. You’ll gain hands-on knowledge to confidently tackle the intricacies of international cash management.
Delivered online, the program provides flexibility to fit your schedule. Upon completion, you receive digital credentials, including a badge and eCertificate, boosting your professional standing and visibility on platforms like LinkedIn.
Enrollment grants you student membership with the ACT, giving you access to a network of peers, webinars, and mentorship opportunities.
The investment for the Award is GBP 1,365, with an assessment fee of GBP 125. Bundling this with the Certificate in International Cash Management can yield cost savings. For those in developing countries, bursaries offer financial aid to ensure equal opportunity for advancement.
Embarking on this qualification lays a solid groundwork in cash management, combining essential theory with the practical expertise needed for a thriving treasury career.
6. Certificate in International Cash Management
The Certificate in International Cash Management (CertICM) is a key ACT Treasury Qualification, enhancing your proficiency in global cash management. This certification recognises your strategic cash management skills and is suitable for corporate cash managers, finance professionals, and banking consultants.
You will navigate through six units over six to twelve months, dedicating 250 hours to your studies. Your commitment culminates in a two-hour online exam. This rigorous test assesses your competencies in risk management, cash resource optimisation, and technological impacts on cash management. Success grants you the notable CertICM designation, an eCertificate, and a digital badge to display your achievement.
Your investment grants access to study guides, webinars, forums, and coaching. The comprehensive CertICM package costs GBP 2,760 plus assessments and student membership fees.
As a student, you join a community with resources like The Treasurer magazine and networking events. After certification, your credentials, marked by the CertICM letters, testify to your expertise and integrity in the treasury field.
Bonus- Qualification in China
ACT qualifications have officially arrived in China. In partnership with the Enterprise Financial Management Association of China, these qualifications are set to transform treasury standards and practice in the Chinese market.
7. ACT Qualifications in China
The ACT Treasury Qualifications launch in China significantly advances the region’s financial acumen. This initiative is a collaborative effort with the Enterprise Financial Management Association of China (EFMAC) to raise treasury standards. It opens doors for Chinese organisations to strengthen their financial operations with this renowned program.
You can begin your treasury education with the Certificate in Treasury Fundamentals, laying a robust foundation in treasury, corporate finance, and financial markets. For a deeper dive, the Certificate in Treasury covers advanced topics like cash and liquidity management and risk management. The Diploma in Treasury Management delves further, offering high-level technical treasury knowledge and setting a benchmark for excellence.
The ACT-EFMAC partnership, recognised by the State Council, guarantees the qualifications are tailored to Chinese corporate practices. EFMAC, China’s leading corporate financial management body, is crucial in standardising, assessing, and training talent. This venture not only boosts professional competencies but also meets international standards.
In conclusion, ACT Treasury Qualifications are vital for finance professionals seeking to progress in treasury roles. They accommodate various experience levels and equip you with the skills to handle financial complexities. Each level, from the Certificate in Treasury Fundamentals to the Diplomas, is designed to enhance your proficiency and career prospects, equipping you for a dynamic economic environment.
Moreover, these qualifications carry international recognition, offering a crucial global perspective on treasury practices. For those charting their career advancement, ACT Treasury Qualifications provide a reliable and structured route to excel in treasury and financial management.
What is the minimum score for the ACT?
The ACT scores range from a minimum of 1 to a maximum of 36. This data reflects the combined results from all 50 states and the District of Columbia.
Can I prepare for the ACT in 2 months?
Yes, two months of preparation is feasible, especially if you’re considering a second attempt to leverage superscoring. Ideally, allow three to four months before the initial test and an additional two to three months before any retakes.
What grade is best for the ACT?
The junior year of high school is optimal for students to take the ACT. It serves as a useful benchmark and aids in early college application processes.
How many questions are on the ACT?
The ACT consists of 215 questions plus an optional essay. There are 75 English and 60 math questions, and the reading and science sections contain 40 questions each.
Can I use a calculator on the ACT?
You may use calculators for the mathematics section of the ACT and the ACT WorkKeys Applied Math, although you can answer all questions without one. Remember not to share calculators during the exam.
Is 3 months enough for ACT?
Three months is an adequate amount of time to thoroughly review all content areas for the ACT without overwhelming yourself.
What age do you start ACT prep?
Students should first attempt the ACT and SAT during their junior year to determine which suits them better. Aim to take your chosen test at least four times: twice in your junior year and twice in your senior year. For those looking to get ahead, consider taking the June SAT or ACT after your sophomore year.