ICAS Members are now eligible for exemptions across a range of Association of Corporate Treasurers (ACT) qualifications
With new exemptions from the Association of Corporate Treasurers qualifications, it has never been easier for ICAS Members to become dual qualified in treasury and accountancy.
If you’re interested in expanding the finance activities you’re currently involved in, and want to influence business decisions at a strategic level in international business, then adding a portable, recognised treasury qualification to your skill set will help.
ACT offers a progressive pathway of globally recognised qualifications designed to support you at every level of your career and, thanks to a new agreement, wherever there is overlap between their syllabus and the ICAS CA syllabus, mutual exemptions now apply.
For example, as an ICAS Member you need only take one exam to obtain the ACT Certificate in Treasury, thanks to qualifying for exemption from four of the five required units. ICAS Members are also exempt from two of the four units necessary to qualify for the ACT Diploma in Treasury Management and from the Award in International Cash Management.
Treasury – the perfect addition to your skill set
What is treasury?
Businesses must raise money to pay for what they need to run that business. Treasury knows how and where to raise money and how to get this money, together with the money from profits, to where it needs to be. Treasury knows how to invest spare cash safely. It understands the risks a business faces and how to measure and respond to them. Treasury is a key enabler of business strategy and driver of shareholder value.
What is the difference between accountancy and treasury?
Treasury is not accountancy, however the two complement each other perfectly.
Accountancy is a key function in any organisation keeping all financial transactions in order. Treasurers are strategic financial managers managing the liquidity of a business and their decisions directly impact the profit, loss and financial health of a company. The most effective CFO’s combine the two skill sets to ensure they’re approaching all their decisions in the most informed manner.
Where can I find out more about treasury?
The Association of Corporate Treasurers (ACT) is the chartered body for treasury professionals. ICAS and the ACT are partner professional bodies, working together to further the development and raise the profiles of finance professionals. More information about the ACT and treasury as a profession can be found here.
How can I expand my skill set?
If you’re looking to open doors to further career opportunities, then look no further. The ACT sets the industry benchmark qualifications in treasury.
Special exemptions for ICAS qualified members
Fast track your way to success – ICAS and the ACT have worked closely together to map our syllabi and where there is overlap, exemptions apply.
If you are a reciprocal member from any of the following accountancy bodies, the same exemptions apply:
- CAANZ – Chartered Accountants of Australia and New Zealand
- CAI – Chartered Accountants Ireland
- CPA Canada - Chartered Professional Accountants Canada
- HKICPA – Hong Kong Institute of Certified Public Accountants
- ISCA - Institute of Singapore Chartered Accountants
- SAICA – South African Institute of Chartered Accountants.
ACT qualifications and exemptions
Certificate in Treasury Fundamentals (CertTF)
ICAS Members are eligible for a full exemption.
Find out more about the Certificate in Treasury Fundamentals here:
Certificate in Treasury (CertT)
Exemption from the following units of the CertT: Unit 1 I Unit 2 I Unit 3 I Unit 5.
Mandatory unit you need to take to qualify: Unit 4.
Find out more about the Certificate in Treasury and buy exemptions here:
Diploma in Treasury Management (AMCT)
Exemption from the following units of the Diploma: Unit 1 I Unit 3 I Unit 4B.
Mandatory units you need to take to qualify: Unit 2 I Unit 4A.
Find out more about the Diploma in Treasury Management and buy exemptions here:
Award in International Cash Management (AwardICM)
You are eligible for a full exemption.
Find out more about the Award in International Cash Management here:
Certificate in International Cash Management (CertICM)
With your AwardICM exemption, you can fast-track to the Certificate in International Cash Management.
Find out more about this qualification here:
Download the Association of Corporate Treasurers qualifications (ACT) brochure
What do ICAS Members have to say about treasury and the ACT?
“Having chosen accountancy, and specifically gaining my chartered accountancy through ICAS, as a career I was soon drawn to the world of Treasury. All the ACT qualifications are natural complimentary qualifications for any ICAS chartered accountant, successfully completing both demonstrates breadth of knowledge as well as technical depth. Whilst I have just completed the Advanced Diploma in Treasury Management, all qualifications also offer the opportunity to meet other treasury professionals and build your treasury network which can be useful for collaboration, not only during study, but also in the work place long after the qualification is completed.”
Adrian Sargent, FCT, CA - ESG Treasury
Get in touch
If you’d like to find out more about treasury, speak to someone about how treasury can complement your career or find out more about any of the qualifications give the learning team a call on +44 (0) 20 7847 2529 or drop us a line at academy@treasurers.org.
All exemption information and fees correct at time of publication, February 2021. For any latest updates please see the below: