The Certificate in International Cash Management (CertICM) will provide students with an understanding of international cash management (ICM), its importance and the factors that influence how it is managed. It will cover the wide range of tools, techniques, products and services of relevance to the practical application of ICM, and explores methods to support the effective identification and management of cash. Similarly, it explores tools and techniques to support payables and receivables management, and different techniques for optimising short-term borrowing and investing positions. Students will explore risk management in the context of ICM and examine a range of governance, compliance, cultural and ethical. Finally, future developments of ICM will be examined, including the impact of emerging technologies and the changing landscape for international businesses.
Overall, the qualification goes beyond just a general introduction to international cash management. It provides a detailed review of the importance of international cash management and of the key products, services, tools and techniques used both to minimise risk and maximise value for the organisation.
Perfect if you:
- are a cash manager in a corporate who wants to demonstrate your expertise and dedication with a globally recognised qualification
- have recently moved into a cash management role (or would like to), either within corporate treasury or as part of a general finance remit
- want to expand your understanding of how cash management works at an international level
- are a banker, relationship manager or consultant who needs to understand international cash management from the perspective of the corporate in order to advise clients more effectively
Digital Credentials
On successful completion of the qualification, we’ll issue and send you a link to your digital credentials: a badge and an eCertificate. Digital credentials are a great way to showcase your achievement, and can be easily and safely displayed on your CV or website or shared online via LinkedIn, email signatures, social media, blogs and ePortfolios.
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LEARNING |
Six online units |
6-12 months study time |
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ASSESSMENTS |
One online exam |
2-hour exam |
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MEMBERSHIP |
You are a Student member of the ACT while you study and once qualified, you are eligible to become an Affiliate member. |
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The Certificate in International Cash Management is made up of the six units below. For full ACT accreditation you will need to complete all six units and sit the assessment.
- Unit 1: The ICM context and the role of banks
- Unit 2: Managing liquidity – visibility and availability
- Unit 3: ICM tools and techniques
- Unit 4: Risk management, Governance and Ethics in ICM
- Unit 5: The impact of accounting, tax and regulation on ICM
- Unit 6: Developments in ICM
At the end of this qualification you will be able to:
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analyse the importance and contribution of effective international cash management and the impact of the organisation’s internal and external environments on ICM planning and activities
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evaluate how banks and other organisations can facilitate international cash management, and the main products and services available
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evaluate different tools and techniques to identify and monitor cash and approaches to cashflow forecasting
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evaluate the importance of availability of cash and the different tools and techniques to manage and improve it
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evaluate the characteristics of payment and receivables tools
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determine the cost of short-term borrowing and short-term investing
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evaluate cash concentration solutions in international cash management
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identify risks relating to international cash management and evaluate different tools and approaches for mitigating these risks
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discuss approaches to measuring and monitoring performance, including different reporting, monitoring and control techniques
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discuss the main ethical considerations and influences
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discuss the impact of accounting, tax, regulation and legislation
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evaluate how technology is being applied to ICM to drive efficiencies.
For a full description of the course content, download the syllabus.
Would you like a free sample of the study materials for the Certificate in International Cash Management 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.
If you want to hear an example of our podcasts, click here to listen to a clip from one that explores the future of money.
The progressive learning structure of ACT qualifications means entry requirements apply.
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 exemptions.
I have completed the Award in International Cash Management
You get automatic entry to the Certificate in International Cash Management if you have successfully completed the Award in International Cash Management.
You don’t have to provide evidence of any qualifying experience, because we will have a copy of your results already.
I have completed the Award in Cash Management Fundamentals
You get automatic entry to the Certificate in International Cash Management if you have successfully completed the Award in Cash Management Fundamentals.
You don’t have to provide evidence of any qualifying experience, because we will have a copy of your results already.
Prior work experience
If you have three years’ experience of working in a cash management role, then you may be exempt from the Award in International Cash Management (AwardICM) and eligible for direct entry onto the Certificate in International Cash Management (CertICM).
We recommend that you do take the AwardICM to get a full grounding in the cash management context, however you can begin your studies with the CertICM if you prefer to do so. When booking for the CertICM, you will need to complete and upload a work experience declaration form alongside a copy of your CV.
If you are unsure that your work experience is sufficient to begin with the CertICM, then take a look at the operational level of the ACT Competency Framework. If you recognise these competencies in your personal work, then the CertICM will be a suitable starting point for your studies.
If prior work experience exemption applies to you, the work experience declaration form will be available to download and complete on the booking form.
Qualified accountant
If you are CIMA, ICAEW or ICAS qualified, or from one of their reciprocal member bodies, you are exempt from the Award in International Cash Management.
You are eligible to fast track onto the Certificate in International Cash Management.
Take a look at the accountancy exemptions information to see which exemptions apply to you.
Other professional qualification
If you are a CFA Charter holder, then you are eligible for exemption from the Certificate in Treasury and can begin your studies with the Diploma in Treasury Management and/or the Certificate in International Cash Management.
You will need to provide a copy of your qualification certificate when booking.
If you hold the Certified Treasury Professional (CTP) qualification you get automatic entry to the Certificate in Treasury and the Certificate in International Cash Management. You will need to provide a copy of your qualification certificate when booking.
None of the above applies to me
You will first need to successfully complete the Award in International Cash Management in order to become eligible to move onto the Certificate in International Cash Management.
You will have an interactive and engaging experience using our study site.
This qualification is delivered online through the ACT Learning study site and you can start your studies at any time.
Our assessments are on demand, so you will be able to book your exam at a time convenient to you when you feel ready.
We estimate you should be able to complete the course in six to twelve months alongside full-time work.
You will receive a variety of learning materials and support, which includes:
- study guides take you through the learning step by step. These can be downloaded if you prefer to learn offline
- practice progress tests after each unit
- webinars which explain certain concepts in more detail
- practice exams
- student discussion forum - post questions to the tutor and network with like-minded students
- 1-2-1 coaching session
- live revision webinar.
The assessment is available on demand. You can take your assessment from anywhere in the world, wherever you have a reliable internet connection.
The assessment is one online exam. Certificate in International Cash Management assessments are now on demand, which means that you can book your assessment whenever you feel ready to take it. Assessments must be booked at least five days before you want to sit them. Our on-demand assessment windows will close periodically over the course of the year, so please check these on our key dates webpage
| LENGTH | FORMAT | NOMINAL PASS MARK |
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120-minute exam |
60 Multiple-choice questions and 4 long form questions |
50% |
You can view all the dates and detailed assessment information here:
Book your assessment from the link below.
When booking onto the Certificate in International Cash Management you will need to become a student member of the ACT.
Student membership gives you access to lots of great things:
- booking your assessment
- subscription to The Treasurer magazine
- careers resources
- events, regional groups and webinars
- policy and technical updates
- mentoring service
Remember to take advantage of these benefits - they are an opportunity to broaden your knowledge and network. When you have successfully completed the certificate, you will be eligible to become an Affiliate Member and use the designatory letters CertICM. These are the internationally recognised letters that go after your name that recruiters and employers look out for, because they show you are a very credible candidate. You can find out more about ACT membership here.
Certificate in International Cash Management learning materials, membership and assessment fees:
When you start studying, you buy your online learning materials and student membership at the same time.
If you buy the AwardICM and Certificate in International Cash Management at the same time, you will pay a discounted fee.
Your assessment can be booked at a later date, when you feel prepared and ready to sit the exam.
| Online learning material for AwardICM and CertICM package | GBP 3,600 |
| Online learning material for CertICM only | GBP 2,980 |
| Online assessment | GBP 210 |
| Student membership CertICM | GBP 224 |
| Student membership AwardICM/CertICM package | GBP 298 |
Fees are subject to local VAT rate where applicable.
Ready to buy?
First, log in to your ACT Learning 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 an online payment through Stripe. We accept AMEX, Mastercard and Visa card payments. Upon submission, you will receive an automated summary email. A student membership fee is payable on booking.
Your booking will be processed within three 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.
We can also deliver cash management 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.