Effective treasury management is without doubt a significant contributory factor to business success. Whilst specific activities might vary, depending on the nature, location and type of organisation, most treasury functions will have a strong focus on cash and liquidity management, corporate finance and risk management. Each of these key areas is the feature of its own specific unit in the CertT qualification. There is also a separate unit focused on technology, ethics and governance which all have a direct impact on treasury decision-making. Ultimately, the intention is that through developing knowledge of all these areas you will be able to make better-informed decisions in the workplace. This will both enhance the performance of the organisation and support your own personal development.
Perfect if you:
- already have a background in business or finance (either academic or work experience)
- need to know about treasury and are in the operational stage of your career
- work in a department that works closely with treasury
- are moving to a treasury role
- have completed the Certificate in Treasury Fundamentals (CertTF).
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 |
Five online units |
9-12 months study time |
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ASSESSMENT |
One online exam per unit |
2-hour exam per unit |
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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 eAffiliate member. |
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The Certificate in Treasury is made up of the five units below. Once you have completed this course, you will be ready to progress onto the Diploma in Treasury Management.
- Unit 1: The context of treasury.
- Unit 2: Cash and liquidity management.
- Unit 3: Corporate finance.
- Unit 4: Technology, governance and ethics.
- Unit 5: Financial risk analysis and management.
At the end of this qualification you will be able to:
- explain the role of the corporate treasury function, including treasury policies and structures
- discuss different interest rates, yields and yield curves and the relevant calculations
- analyse the features, participants and conventions of the foreign exchange (FX) market
- explain the principles of cash, liquidity and working capital
- recommend appropriate cash management and investment solutions
- discuss appropriate capital structures for the organisation and calculate the cost of capital, using a range of appropriate practical models and techniques
- discuss how corporate governance, regulatory controls and policies apply to treasury and the importance of ensuring ethical behaviour
- explain the fundamental principles of financial reporting and tax and their implications for treasury transactions and planning
- compare technology solutions for differing treasury requirements and recommend actions to protect the business from the risk of fraud
- analyse the key risks that organisations face.
For a full description of the course content, download the syllabus.
There are a number of ways for you to get recognition for what you have already learnt and achieved through your previous studies or work experience which may result in exemptions ranging from one study unit to the whole qualification.
I have completed the Certificate in Treasury Fundamentals
You get automatic entry to the Certificate in Treasury if you have successfully completed the Certificate in Treasury Fundamentals.
I have completed the Certificate in International Cash Management
You get automatic entry to the Certificate in Treasury if you have successfully completed the Certificate in International Cash Management.
Qualified accountant
If you are an accountant qualified with either ICAEW, ICAS, or their reciprocal bodies, you can claim exemption from Units 1, 2, 3 and 5.
- You only need to complete the learning and assessment for Unit 4 in order to qualify for the Certificate in Treasury.
- You will need to provide a copy of your accounting qualification certificate when booking.
If you are an accountant qualified with CIMA, or their reciprocal bodies, you can claim exemption from Units 1, 2, 3 and 4.
- You only need to complete the learning and assessment for Unit 5 in order to qualify for the Certificate in Treasury.
- You will need to provide a copy of your accounting qualification certificate when booking.
If you are an accountant qualified with ACCA, or their reciprocal bodies, you can claim exemption from Units 2, 3, 4 and 5.
- You only need to complete the learning and assessment for Unit 1 in order to qualify for the Certificate in Treasury.
- You will need to provide a copy of your qualification certificate when booking.
If you are an accountant qualified with an IFAC member body, you can claim exemption from Unit 3.
- This means you only have to successfully complete the learning and the assessments for the remaining four units to achieve the qualification.
- You will need to provide a copy of your accounting qualification certificate when booking.
Prior work experience
If you have three years’ experience of working in a treasury role or working with treasury in either a financial institution or a treasury consultancy, then you may be exempt from the Certificate in Treasury Fundamentals and eligible for direct entry onto the Certificate in Treasury.
If you are unsure that your work experience is sufficient to begin with the Certificate in Treasury, then take a look at the operational level of the ACT Competency Framework. If you recognise these competencies in your personal work, then the Certificate in Treasury will be a suitable starting point for your studies.
Additional guidance for applicants who have acquired work experience through a financial institution:
If you are applying on the basis of work experience that you have acquired through your work at a financial institution, you should be able to demonstrate in your work experience declaration form that you either:
1) work in an asset and liability management-related area of the institution, or
2) work in an area in which you:
- are client-facing and deal with those responsible for corporate treasury on a daily basis or
- are not client-facing but deal with corporate treasury issues on a daily basis or
- have the opportunity to review the treasury requirements of businesses and suggest appropriate products and solutions to meet their needs
Possible job areas include:
- asset and liability management
- bank treasury
- cash management
- compliance
- corporate finance advisory
- credit
- debt restructuring
- derivative sales/money market sales/corporate desk
- global/corporate/wholesale banking
- internal audit
- leasing
- product development
- relationship management
- structured products
- supply chain finance
- syndicated/other loans
- trade finance
You will need to provide a copy of your qualification certificate, a completed work experience declaration form and your CV. This is available on the booking form.
Previous degree
If you have any of the following qualifications, you are exempt from the Certificate in Treasury Fundamentals:
(A) Recognised degree in Accounting or a joint honours degree if achieved within the last 10 years
You are eligible for exemption from the Certificate in Treasury Fundamentals if you have a recognised degree in Accounting or a joint honours degree combining two of the following subjects and if this has been achieved within the last 10 years:
- Accounting
- Finance
- Economics
- Banking
- Business studies.
Your degree will need to be from:
- a UK higher education institute or,
- any other institute that is recognised by the UK ENIC National Agency as being at an equivalent academic level.
You will need to upload your qualification certificate, or Statement of Comparability if you have gone through NARIC, when booking.
(B) MBA
You are eligible for exemption from the Certificate in Treasury Fundamentals if your MBA is from one of the accredited institutions below:
- AACSB
- AMBA
- EQUIS
You will need to provide a copy of your qualification certificate.
(C) Recognised degree in any other graduate discipline
If you have a recognised degree in any graduate discipline and you have twelve months' experience of working in a treasury role or working with treasury in either a financial institution or a treasury consultancy, then you are eligible for exemption from the Certificate in Treasury Fundamentals.
If you are unsure that your work experience is sufficient to begin with the Certificate in Treasury, then take a look at the operational level of the ACT Competency Framework. If you recognise these competencies in your personal work, then the Certificate in Treasury will be a suitable starting point for your studies.
You will need to provide a copy of your qualification certificate, a completed work experience declaration form and your CV when booking on the Certificate in Treasury.
I have qualified with an ACT Accredited University
If you are studying or have studied with one of our accredited universities, you may be exempt from the Certificate in Treasury Fundamentals and certain units of the Certificate in Treasury. Select your university below for more detailed information on how to apply based on your qualification.
- MSc Financial Management
Fachhochschule Wiener Neustadt GmbH (University of Applied Sciences Wiener Neustadt)
- Masters in Treasury and Investment Programme
- BSc Accounting and Finance
- MSc Finance
- MSc Accounting & Finance
- MSc Financial Business Management
- MSc Banking & Finance
- MSc Investment and Financial Risk Management
- Masters of Applied Finance
- BA Finance and Banking
- MSc Banking and Finance
Other professional qualifications
If you are a CFA Charter holder, you are eligible for automatic entry to the Diploma in Treasury Management.
If you hold the Certified Treasury Professional (CTP) qualification you are eligible for 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 Certificate in Treasury Fundamentals in order to become eligible to move onto the Certificate in Treasury.
Our interactive and engaging study site will provide you with an excellent learning experience and environment in which to develop your treasury skills and knowledge.
This qualification is delivered online through the ACT Learning study site, so you can start your studies at any time.
Our assessments are all on demand, and you can opt in when you feel ready and at a time that is convenient to you.
We estimate you should be able to complete the course in six to twelve months alongside your full-time work.
You will receive a variety of learning materials and support, which includes:
• study guides that take you through the learning step by step. These can be downloaded if you prefer to learn offline
• short activities to complete at the end of each reading
• practice progress tests after each unit
• webinars which explain certain concepts in more detail
• podcasts to supplement your learning
• practice exams
• student discussion forum - post questions to the tutor and network with like-minded students
• live topical sessions where you can explore the subject matter and interact with your tutor and peers in a live Q&A
• 1-2-1 coaching sessions (additional cost).
If you would like some additional support to help you get assessment ready, you can book some 1-2-1 coaching in addition to your online learning package.
It’s up to you to decide when you are ready to opt in and take your assessment. You can take your assessments from anywhere in the world, wherever you have a reliable internet connection.
The assessment is one online exam per unit. Certificate in Treasury assessments are now on demand, which means that you can book whenever you feel ready. 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 |
| 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 Treasury you will need to become a student member of the ACT.
This gives you access to lots of great things:
- subscription to The Treasurer magazine
- careers resources
- events, regional groups and webinars
- policy and technical updates
- mentoring service
Remember to take advantage of these membership benefits - they really help make your introduction into treasury a fuller experience and will ensure you make valuable contacts which can impact your career, especially if you’re just starting out! When you have successfully completed the certificate, you will be eligible to become an Affiliate member and use the designatory letters CertT. These are the internationally recognised letters that go after your name that recruiters and employers look out for as they show you are a very credible candidate. You can find out more about ACT membership here.
Certificate in Treasury learning materials, membership and assessment fees:
When you start studying, you buy your online learning materials and student membership at the same time. Your assessment can be booked at a later date, when you feel prepared and ready to sit the exam.
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Online learning materials - per single unit |
GBP 495 |
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Online learning materials - 4 unit bundl |
GBP 1,700 |
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Online learning materials - 5 unit bundle |
GBP 2,130 |
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Online assessment per unit |
GBP 210 |
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Student membership |
GBP 224 |
Fees are subject to local VAT rate where applicable.
Certificate in Treasury exemption fees:
The following fee applies if you are eligible for an exemption from the Certificate in Treasury.
| Exemption per unit | GBP 210 |
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 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.
If you are applying for direct entry with prior work experience, please download the work experience declaration form below. You will need to upload the completed form when you book.
We can also deliver treasury 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