Gentlemen: training Department
Greetings
The International Training &Consultation Center is pleased to invite you to attend the training program, the information required are in the following:
Treasury and Cash ManagementBy the end of the course, participants will be able to:
Objective
- Describe and explain the roles of corporate treasury management and the treasury function
- Apply up-to-date practices covering asset liability management and cash management techniques
- Develop a practical understanding of financial markets and their products
- Recognize and correctly measure financial instruments under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)
- Describe fair value measurement and explain its effect on financial instruments’ presentation
- Explain hedging and speculation, and distinguish between the different hedging techniques applied by the treasury function
Introduction to the treasury function
Content
- Definition and responsibilities of the treasury function
- Treasury function as part of Organizational Structure
- Treasury professionals’ role
- Strategic challenges for treasurers in organizations
- Risks surrounding the treasury function:
- Market risks: interest rate risk, FX risk, equity price risk, commodity price risk
- Liquidity risk
- Credit risk
- Other risks
Cash and liquidity management
- Asset and liability management versus treasury management
- Understanding the cash cycle
- Reasons for holding cash: transaction, precautionary and speculative
- The optimum cash balance:
- Baumol’s model
- Miller-Orr model
- Managing and accelerating collections
- Managing and decelerating disbursements
- Ratio analysis for decision making
- Days sales outstanding versus credit term
- Days inventory on hand versus lead time
- Days of payables
- Cash conversion cycle
Corporate finance theory
- The time value of money
- Steps in the investment management process
- Calculating holding period return
- Risk and return concepts
- Calculating mean of returns
- Variance and standard deviation as a measure of risk
- Covariance and correlation of returns for two securities
- Interpreting correlation of returns
Fixed income securities and bonds’ valuations
- The money market and instruments
- The debt market
- Bonds and Sukuk
- Risks associated with the debt market
- Credit risk
- Prepayment risk
- Interest rate risk
- Bonds’ valuation techniques
- Price and maturity relations
Stock market and equity valuations
- The equity instruments: IPOs, seasoned offerings and private equities
- Holding period returns for equity securities
- Equity valuation techniques
- Discounted cash flow model
- Multiplier model
Accounting for investments: recognition, impairment and hedge accounting
- Type of investment securities
- Classification under IFRS 9: Fair Value Through Profit or Loss (FVTPL), Fair Value Through Other Comprehensive income (FVTOCI), amortized cost
- Initial recognition and subsequent measurement
- Transfer between categories
- Impairment of financial assets under the new standard
- Expected credit loss model
- Initial recognition of expected credit loss
- Stage 1,2 and 3 evaluation
- Briefing on hedge accounting under IFRS 9
- Conditions for hedge accounting
- Fair value hedge and cash flow hedge
Briefing on derivatives markets, hedging and speculation
- Definition of derivatives: forwards, futures, options and swaps
- Difference between hedging and speculation
- General internal hedging strategies
- Investing in the home currency
- Creating a natural hedge
- Currency diversification
- Mark-ups
- Counter trades and currency offsets
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Treasury and Cash Management
Discount for groups
The cost of the program include the following
- The training package.
- Certificates in Arabic and English for each participant.
- Training tools (projector, pens and writing papers).
- Evaluations.
- The instructor.
- The training hall.
- Airport transfers.
Payment Information
- Payment by bank check on behalf of the International Training &Consultation Center.
- Payment by funds transfer.
- Cash.
Registration & Contact information
- Please sent confirmation letter for attending, to the following contacts:
- amal@itcegy.com
- Training Advisor
- 00201110056192
If you would like any further information, please don't hesitate to contact me.
Training Advisor| amal abdlulrhman
Mob| 00201110056192
E-Mail| amal@itcegy.com
With respect