GRA 6233 Treasury Management
GRA 6233 Treasury Management
After completing this course, students will be able to understand the basic functioning of a Treasury Department in an organization, regardless of whether it is a small- and medium-sized enterprise (SME) or a large public company. Students will also have the chance to build from scratch and practice with a treasury management tool (the “toy”) using the information from the income statement, balance sheet, annual budget and the due dates from customer and supplier invoices in the accounting system of a real anonymous enterprise. This course covers part of the content of courses P2. Advanced Management Accounting and F3. Financial Strategy of the CIMA professional qualification as Chartered Global Management Accounting™.
The students will be able to identify the different types of treasury management instruments available along with their purpose, and will have an overview of the current risks and challenges faced in the context of treasury management.
The student should also be able to apply the acquired knowledge to real-life treasury management problems and to critically evaluate the corporate policy decisions taken by real companies in real situations.
After completing this course, students will build and reinforce the following general competences: decision-making, critical thinking, judgment, team work and communication and public-speaking skills.
The student should critically reflect on treasury management’s role in society as a whole by evaluating the sustainability of a company’s liquidity actions and consequences (i.e. ethical considerations).
Topics covered include (not necessarily in this order):
- Introduction to Corporate Treasury Management
- Liquidity Planning and cash management
- Liquidity Planning and working capital management
- Liquidity Planning and short-term debt management
- Liquidity Planning and risk management
- Liquidity Planning and cash concentration
- Hot topics in Treasury Management
In the first day of course, students will receive the “Weekly plan!”, which is a pdf file including:
- the different topics that will be covered each week at home (FLIP) and in the classroom/zoom (CZ),
- a list of inputs/tools to use (EXCEL),
- activities that will be undertaken each week (synchronous and asynchronous) and
- the key deadlines of the course.
As a general idea, students will be asked to prepare some theoretical and/or practical material before the lecture every week (FLIP). Attending the lectures without preparing the material makes no sense. Then, during the lectures (CZ), students are expected to actively participate and to generate discussion in the different teaching activities (case/paper discussion, role-play, presentations, etc) and should be prepared to work in teams as part of the learning process. When cases are discussed during the lectures, students can expect to get a partial solution to the case when the discussion is over. Students can also expect to find videos at ITS with the most important take-homes from lectures or complementary material related to the cash forecast (TM PILLS).
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.
This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 0-100. The components will be weighted together according to the information in the course description in order to calculate the final letter grade for the examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course. You will find detailed information about the point system and the cut off points with reference to the letter grades when the course starts.
At resit, all exam components must, as a main rule, be retaken during next scheduled course.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have spesific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Covid-19
Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.
Teaching
Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.
| Assessments |
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Exam category: Activity Form of assessment: Presentation Weight: 50 Grouping: Group (3 - 5) Comment: A case study related to the content of the course will be provided to each group of students (4-5 students per group). The main goal of the project is that students address real life treasury management situations. All the content of the course can be a topic to be covered in the project. The case study will have some questions that students will have to address and will prepare a presentation with the “solution” to the case study. Note that, as in real life, there is not always a specific solution to a specific scenario/problem and thus, any solution is welcome as long as it is well-justified and it is related to the content of the course. The project content will be discussed in detail the first day of the course. Group size might change depending on class size. Exam code: GRA62331 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 50 Grouping: Individual Support materials:
Duration: 1,5 Hour(s) Comment: Written examination under supervision Exam code: GRA62331 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.