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 or a large public company.
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™.
Students will be able to make cash flow forecasts using information from the financial statements, among others. Students will be able to assess how liquidity shortfalls may be financed and they will have the necessary tools to hedge standard risks affecting the liquidity position of the company. On top of that, students will understand the accounting implications of different treasury management instruments. Finally, students will be exposed to the basics of sustainability reporting requirements (European Sustainability Reporting Standards, ESRS) and understand that such reporting may change firm behavior (and hence cash flow forecasts).
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, judgement, and communication.
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.
Topics covered include (not necessarily in this order):
- Introduction to corporate treasury management
- Liquidity planning and cash management
- Working capital management
- External financing
- Debt covenants
- Risk management
- Sustainability reporting and link to treasury management
- Bonus topic
The lectures given will support the learning process, but the students are personally responsible for their own learning and must expect an extensive workload outside the lecture room in order to achieve the learning outcome outlined above.
In order to be well prepared for the examination students are expected to solve exercises either individually or in groups.
The course consists of 24 hours of synchronous activities (i.e. in-class teaching) and 12 hours of asynchronous activities. Asynchronous activities involve assignments which are shared with the students in class. After students have worked on the assignments, the course responsible uploads a solution document and a short video explaining the solution.
It is the student’s own responsibility to obtain any information provided in class.
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 specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
| Assessments |
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Exam category: School Exam Form of assessment: Written School Exam - pen and paper Exam/hand-in semester: First Semester Weight: 100 Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: GRA 62331 Grading scale: ECTS Resit: Examination when 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.