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Principles and practices of effective cash management. The basic principles and practices of cash and liquidity management and its importance to the business and treasury function.


  • new to the treasury function
  • someone who works with treasury
  • responsible for managing cash and liquidity


A broad understanding of the basic principles and practices of cash and liquidity management, and an understanding of its importance to the business and treasury function.

While different market sectors have different cash flow dynamics, there are common cash management issues that affect all organisations to some degree. To prepare you for these issues the course examines the basic building blocks of cash management from the domestic perspective. Then, through a series of case studies, it shows how these basic principles apply to the complexities of international cash management.

ACT members who attend this training course can count this towards their CPD learning and should record this in their CPD log. For more information on the ACT’s CPD scheme visit:

You will receive pre-course material in advance of the day as well as 60 days' access to Being A Treasurer, the second course of our First Steps in Treasury eLearning series. Included as part of your training course booking (usually £65 + VAT), this interactive online training will give you an overview of the role of a treasurer within the context of business.

A recording of the course and presentation material, which you can access online for 60 days or download, and a digital badge to share with your network to showcase your achievement. Our training courses are regularly reviewed and updated, so when you display your badge on your email footer or LinkedIn profile, your network will know that you have gained up-to-date knowledge and relevant skills. More importantly, you'll gain valuable practical skills you can instantly use at work.


Leading training specialists sharing valuable insights


To optimise your learning experience, allowing users to interact


Learning valuable practical skills you can instantly use at work


This course is split into six core areas, all covered in just one day.

Treasury cash management – improving the basics

  • Float
  • Invoicing, payables and receivables management
  • Liquidity and the cash cycle

Payment instruments

  • Settlement and clearing systems (RTGS, NSS), domestic and international
  • Value dating, availability and finality

Cash management structures

  • Types of accounts
    • Currency accounts
    • Zero balance, lock box, disbursement
  • International account structures

Liquidity techniques

  • Notional pooling
  • Cash concentration
  • Cross-border notional pooling
  • Short-term borrowing and investing
  • Leading and lagging
  • Intercompany netting

Cash flow forecasting

  • Purpose, methods and problems

Brief introduction to foreign exchange and short-term swaps

  • Day count conventions
  • Simple interest and compounding
  • Discounting
  • Spot and forward FX, swaps


The course will be covered over three highly interactive sessions, each session lasting 120 minutes with breaks between. You will receive pre-course material in advance of the day. 
Typical structure:
Registration and introductions: 08:45-09:00 UK-time
Session 1: 09:00 – 11:00 UK-time
Session 2: 11:15 – 13:15 UK-time
Session 3: 14:00 – 16:00 UK-time
A Virtual Classroom will be used as the online delivery tool. Each session will lead to the next session with an interval of 15 minutes at the end of session 1 and 45 minutes at the end of session 2. 
All sessions are designed to optimise your learning experience with ample opportunity for you to engage with the trainer and other course participants throughout the virtual classroom. In this environment, the trainer will cover the course content and learning outcomes using different perspectives to reinforce understanding and practical application of knowledge. We have designed our virtual training courses to ensure you get the best learning experience possible. Throughout the day you will use a range of tools and techniques including group exercises and live chat, to ensure that you are able to engage and interact with your trainer and share knowledge and best practice with your peers.
Session 1: 
- Introductions and setting learning objectives
- Treasury cash management, definition and benefits of good cash management. Risk and cash management
- The cash cycle, evaluating cost/benefits of float.
- Receivables and payables management
- Payment instruments and their impact on Value, Availability, Finality and Float
- Analysis of PRI case
Session 2: 
- Liquidity techniques, maximising efficiency of resources through Pooling and Cash Concentration
- Cash flow forecasting, objectives, techniques and uses
Session 3: 
- Brief introduction to foreign exchange: spot and forward rates and short-term currency swaps
- Multilateral netting: reducing intercompany and third-party payment and receivable flows, evaluating the benefits
- Cash management structures: When to have and where to have bank accounts and in what currencies to maximise cash management efficiency
The trainer will facilitate discussion towards the end of the final session whereby participants can not only learn from each other but may also highlight any aspects they found particularly helpful and worthy of consideration in their workplace. 


Would you like to see a free sample of the course materials for the Nuts and Bolts of Cash Management training? Just enter your details below and a copy will be emailed to you. You’ll be able to see an example of the slides used during the training as well as an example of a practice task. 

Dates and times:
11 July


Microsoft Teams


  • ACT member/ student or employed by an ACT CPD accredited employer/business member organisation - £735 
  • Member of another accountancy body - £780
  • Non-member - £860 

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Group discounts: if three or more people from the same organisation book onto any ACT training course, they qualify for 25% off the combined course fee **

** see terms and conditions


Photo - ACT trainer: Anthony BirtsAnthony Birts

Anthony is a Senior Teaching Fellow in Finance at the School of Management, University of Bath lecturing on MBA, MSc and undergraduate programmes. He has also been Director of Studies for the BSc Accounting and Finance degree and the MBA programmes.

Before joining the University, Anthony was with Bank of America NT&SA, starting as an Account Officer in the Energy section and moving via International Treasury Services to end as a Vice President in the Payment Services area. 

Anthony was one of the two original creators and presenters of the CertICM and was Chief Examiner for the CertICM.  Anthony is a regular trainer for the ACT

The Nuts and Bolts course is a great first step into cash management. The course balances the needs of both the absolute beginners and those with experience of cash management; it covers all of the basics, whilst building in the kind of detail that really adds value in the corporate world.
Chris Duffy, Treasury Analyst, Standard Life

We can also deliver this course to your team and tailor it to your business needs. Find out more about in-company solutions here.