ACT unveils a dynamic restructure for its benchmark Associate Membership qualification (AMCT) to reflect the growing importance of the Corporate Treasurer

The Association of Corporate Treasurers (ACT) today unveils a dynamic restructure for its AMCT qualification, introducing choice and flexibility, whilst encompassing the core principles of treasury, risk management and corporate finance. The new qualification features the first of a continuing programme of new papers that will ensure the treasury profession is supported by an education activity delivering up-to-date and relevant teaching.

Since its launch, the AMCT, which leads to Associate Membership of the ACT, has been highly regarded for its ability to combine theoretical knowledge, practical skills and strategic insight into treasury, risk and corporate finance management to the extent that it has now become a prerequisite for treasury appointments with most leading employers.

The new modular syllabus has been developed in response to feedback from existing AMCT holders, consultation with employers and the evolving needs within business and the finance sector as a whole. This includes updates to existing papers to reflect, for example, the impact of IFRS, and the introduction of new papers from which students can make their own selection in order to support both their personal and employer’s objectives.

"The major development for treasury professionals wishing to progress their career by taking the AMCT qualification is the ability to choose a combination of papers that best suits their learning needs." Helen Sanders, Director of Education, The Association of Corporate Treasurers.

This is a key feature of the qualification and is reflective of the fact that the skills derived from AMCT in treasury, risk and corporate finance apply to a wide range of diverse finance roles and environments. Corporate treasurers as senior business professionals who deal with global risk issues on a daily basis are now positioned not only to manage treasury-specific issues, but also to contribute to the broader strategy of the Board.

Richard Raeburn, Chief Executive of The Association of Corporate Treasurers commented:

‘As the environment in which companies operate evolves with new corporate governance requirements, the need for active working capital management and shifts in hedging policies driven by the transition to IFRS, the demand for professional qualifications also changes. The treasurer’s responsibilities are growing as is their need for greater knowledge and ultimately so will their experience grow.’

‘The skills acquired by treasurers and their crucial involvement in financial risk management, particularly from a global perspective, make them ideally qualified as finance directors and destined to operate at board level in the future.’

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