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What is treasury?

Businesses must raise money to pay for what they need to run that business. Treasury knows how and where to raise money and how to get this money, together with the money from profits, to where it needs to be. Treasury knows how to invest spare cash safely. It understands the risks a business faces and how to measure and respond to them. Treasury is a key enabler of business strategy and driver of shareholder value.

  • What's the difference between treasury and accountancy?

    Treasury is not accountancy, however the two complement each other perfectly.

    Accountancy is a key function in any organisation keeping all financial transactions in order. Treasurers are strategic financial managers managing the liquidity of a business and their decisions directly impact the profit, loss and financial health of a company. The most effective CFO’s combine the two skill sets to ensure they’re approaching all their decisions in the most informed manner.

  • Where can I find out more about treasury?

    The Association of Corporate Treasurers (ACT) is the chartered body for treasury professionals. ACCA and the ACT are partner professional bodies, working together to further the development and raise the profiles of finance professionals. More information about the ACT and treasury as a profession can be found on the ACT website.  

How can I expand my skill set?

If you’re looking to open doors to further career opportunities, then look no further. The ACT sets the industry benchmark qualifications in treasury.

Special exemptions for ACCA members

Fast track your way to success – ACCA and the ACT have worked closely together to map our syllabi  and where there is overlap, exemptions apply. 

If you are a reciprocal member from any of the following accountancy bodies, the same exemptions apply:

AAAUAE - Accountants & Auditors Association UAE

CAANZ – Chartered Accountants of Australia and New Zealand

CPA Canada - Chartered Professional Accountants Canada

HKICPA – Hong Kong Institute of Certified Public Accountants

MICPA - The Malaysian Institute of Certified Public Accountants.

  • If you are ACCA qualified
    Certificate in Treasury Fundamentals (CertTF)

    You are eligible for a full exemption.

    Find out more about the Certificate in Treasury Fundamentals.

    Certificate in Treasury (CertT)

    Exemptions available from four units of the CertT (Unit 2, Unit 3, Unit 4, Unit 5): one unit is mandatory (Unit 1).

    Find out more about the Certificate in Treasury.

    Diploma in Treasury Management (AMCT)

    Exemptions available from three units of the Diploma (Unit 1, Unit 2, Unit 3): two units are mandatory (Unit 4A, Unit 4B).

    Find out more about the Diploma in Treasury Management.

  • ACT qualifications and exemptions
    Certificate in Treasury Fundamentals (CertTF) 

    You are eligible for a full exemption.

    Find out more about the Certificate in Treasury Fundamentals and exemption fees

    Certificate in Treasury (CertT) 

    Exemption from the following units of the CertT: Unit 2 I Unit 3 I Unit 4 I Unit 5.

    Mandatory unit you need to take to qualify: Unit 1.

    Find out more about the Certificate in Treasury and exemption fees

    Diploma in Treasury Management (AMCT)

    Exemption from the following units of the Diploma: Unit 1 I Unit 2 I Unit 3.

    Mandatory units you need to take to qualify: Unit 4A I Unit 4B.

    Find out more about the Diploma in Treasury Management and exemption fees

    Award in International Cash Management (AwardICM)

    You are not eligible for exemption from the Award in International Cash Management. 

    Certificate in International Cash Management (CertICM)

    You are not eligible for exemptions from the Certificate in International Cash Management.

     

    What do ACCA members say about treasury and ACT?

  • Luke Overbeek, Bunge, Ltd.

    “My background was economics, the move into finance and then treasury was initially based on job availability, after which qualifying with both ACCA and ACT gave a necessary boost to my career. It is worth the effort if you want to become somebody who wants to be able to discuss different issues with management at a level playing field and be able to truly play a role in day-to-day decisions in your company. “

    Luuk Overbeek, Head of Middle office & Treasury Controller, Bunge Ltd

  • Simon Boon, Purplebricks

    “I came into treasury after a number of years working in accountancy and tax and with the benefit of existing professional qualifications in those fields. I chose to take the ACT exams in order to build on my existing financial knowledge and develop specialist skills in treasury and corporate finance which would allow me to operate credibly in my role in treasury and give me the confidence to make an immediate impact. I was not disappointed. The ACT study experience, including the study notes, covered a broad range of treasury matters, but in sufficient depth to be useful practically in the work environment. I would recommend it to anyone who is serious about embarking on, or developing a career in treasury or corporate finance.”

    Simon Boon, Head of Tax and Treasury, ‎Purplebricks Group PLC

    • Get in touch

    If you’d like to find out more about treasury, speak to someone about how treasury can complement your career or find out more about any of the qualifications give the learning team a call on +44 (0) 20 7847 2529 or drop us a line at academy@treasurers.org

    All exemption information and fees correct at time of publication, February 2021.

    See latest fee updates