The Non-Standing Committees of the ICAI (Institute of Chartered Accountants of India), The Banking, Financial Services and Insurance Committee conducts the Certificate Course on Forex and Treasury Management (FXTM) for professional development of members in this field. The Certificate Course is an advanced course on Treasury Management (including Forex Treasury) for Chartered Accountants.
This course covers foreign exchange market, money market, bond market operations and related financial products. The main objective of this course is to develop skill sets which would be required for making sound financial decisions in an international context.
It analyses the international finance environment within which banks, other intermediaries and companies operate and how it affects their operations in treasury. Sound treasury management utilizes the right financial products and tools for minimizing risk. The course examines alternative strategies and techniques that can be employed to manage the risks associated with international business transactions and other treasury operations. It also provides an overview of the structure and key functions of the treasury.
ICAI conducting certification course on FXTM in the month of August 2017 at four different locations – Noida, Kolkata, Hyderabad and Mumbai. Details regarding objective of FXTM, Eligibility Criteria, Course Structure, Course duration & fees, Evaluation, How to register etc are provided below in this article. Interested aspirants can fill the registration form along with requisite and send before the last date of registration.
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Learning Objectives of FXTM
- To have a contextual appreciation of the changes taking place in the global financial market, the issues facing the corporate financial manager, the development of academic theory and of practice in explaining and managing the financial risk which these changes bring.
- Understand and conquer the complexities of ForeX and treasury management.
- Be able to solve integrated and practical treasury problem.
- Identify and evaluate exchange rate risks facing domestic and multinational companies.
- Apply and evaluate alternative methods for managing foreign exchange.
- Be able to use forex derivatives to hedge forex risk.
- Be able to structure the finances of foreign operations.
- Be able to make international capital budgeting decisions.
- Demonstrate the ability to manage cash and liquidity in multinational organisation.
- Be able to make short term investment decisions.
- Be able to use money market instruments, bond market instruments and manage interest risk using derivatives.
- Be able to understand linkages between money market and Forex market.
- Demonstrate understanding of ethical and compliance issues
Eligibility Criteria for FXTM Course
Only the Members of ICAI and the Students of the Institute who have passed the CA Final Examination are eligible to pursue this course. Participants are presumed to have advance theoretical knowledge and understanding of Forex and Treasury. Sessions will focus on practical aspects of treasury management.
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Course Duration
Classes will be for Eight days on Weekends (Saturday and Sunday only) from 10.00 a.m. to 5.00 p.m.
Attendance
75% attendance in classes is mandatory for appearing in the exams i.e. out of 8 classes, participant has to attend minimum 6 classes for appearing in the evaluation exam.
Professional Credit through FXTM
The participants to this course will be given 30 CPE Hrs wherein credit of 25 CPE hours will be given after completion of classes and remaining 5 hours will be given after qualifying the exam as per new guidelines.
Evaluation Pattern
There will be 2 Papers of 100 marks each for three hours at the end of the course and one Project of 150 marks will be allotted during the class room sessions. The paper will consist of 65% multiple objective type questions and 35% subjective type question. A passing grade is awarded if the candidate obtains 40% marks in each paper and project and 50% in the aggregate.
| Paper-1 | Chapters 1-6 along with case studies and practical questions | 100 Marks |
| Paper-2 | Chapters 7-12 along with case studies and practical questions | 100 Marks |
| Project/s | Topic given during sessions | 150 Marks |
| Total | 350 Marks | |
Course Contents
MODULE – I
CHAPTER– 1 Treasury – Organisation Structure
CHAPTER– 2 Treasury – Process
CHAPTER– 3 Treasury – Domestic
CHAPTER– 4 Treasury – Forex
CHAPTER– 5 Treasury – Mathematics
CHAPTER– 6 Treasury – Technology
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MODULE – II
CHAPTER– 7 Treasury – Accounting
CHAPTER – 8 Treasury – Taxation
CHAPTER – 9 Treasury – Types
CHAPTER – 10 Treasury – Risk Management
CHAPTER – 11 Treasury – Regulation, Supervision and Compliance
CHAPTER – 12 Treasury – Auditing
Course Fees
Rs. 17,500/-* per member (including course material, tea, Lunch etc.) for the complete course. The fees also includes examination fee for the first attempt. The candidate who does not appear or fails to clear the examination is required to pay an examination fee of Rs. 2,000/- in the subsequent attempt. The fees can be paid vide DD/Cheque in favour of “The Secretary, The Institute of Chartered Accountants of India” Payable at New Delhi. Course fee can also be paid online through ICAI Payment portal.
How to Apply for FXTM?
Banking, Financial Services and Insurance Committee of The Institute of Chartered Accountants of India (ICAI) conducting certification course on FXTM in the month of August 2017 at four different centres for their members – Noida, Kolkata, Hyderabad and Mumbai. Interested aspirants can fill the registration form (Click here to download registration form) along with requisite and send before the last date of registration.
| S.No | Centre Location | Course Date | Last Date to Apply |
| 1 | Hyderabad | 5th August to 27th August, 2017 (weekends) |
31st July,2017 |
| 2 | Mumbai | 5th August to 27th August, 2017 ( weekends) |
31st July,2017 |
| 3 | Kolkata | 12th August to 3rd September, 2017 (weekends) |
7th August,2017 |
| 4 | Noida | 19th August to 10th September,2017 (weekends) |
14th August,2017 |
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