Who is the programme for?
The programme is intended primarily for those working in the corporate treasury of large non-financial companies and institutions. The programme is also specifically intended for financial professionals with an interest in furthering their careers in the area of financial management. There are also a limited number of places for people employed by banks, consultancy firms and other institutions within the financial world. The programme is open to participants with an advanced degree (Master's level) in the field of economics, business administration or another discipline that is relevant to the treasury field. In the latter case, participants may be required to take some assessment exams to determine if there are any deficiencies that must be addressed. Students should have experience within the treasury of a large organization or other relevant work experience.
In exceptional cases students will be admitted who are not employed at a treasury but do have other relevant experience. The same applies to participants with a relevant Bachelor's degree or Dutch HBO diploma. In these cases deficiency assessment exams may be indicated.
Objective and principles of the programme
The primary objective of the programme is to impart knowledge and skills to programme participants so that they will be well equipped to function as treasurers in ever-changing corporate or other business settings. The assumption is that a corporate treasurer is capable of functioning on three different levels:
- as a professional who independently executes transactions on the financial markets and who is able to create sophisticated financial constructions as part of a team;
- as a manager of a specialized treasury department;
- as a consultant to upper management and a decision-making partner.
The business setting intended here is primarily made up of large, non-financial businesses and institutions (‘corporates'), which are very active on the international financial markets. The programme is set up in such a way, however, that a wide range of business settings are covered in which the volume and nature of the financial operations call for a thoroughly professional treasury, such as the treasury of a major electricity producer or a large city. A further objective of the programme is to teach the skills that are needed to foster further development in this professional discipline; the skills required are similar to those needed when a new course is set in the business environment.
The programme's premise is that students will have gained sufficient knowledge to be able to grow in their careers in the areas of financial management (CFO, finance director, etc) after having garnered the requisite experience in the field. Future scenarios like these are explicitly factored into the programme. To pave the way to success, part of the programme is devoted to topics such as risk management, internal audit, reporting and corporate governance.
The programme is designed to meet all international standards. The design of the programme is such that - apart from local particulars, for example in the legal modules - the main content is minimally equal to the English ACT programme (membership course). In several areas, the programme goes even further. Certain parts of the ACT examinations are already part of most doctoral programmes and are therefore presupposed.
The programme has been approved by the IGTA, the International Group of Treasury Associations, and has earned the status of “IGTA approved programme”.
Students who are particularly interested in cash management have the option of earning the ACT international cash management certificate.