Treasury Management: The Practitioner's Guide

Preface

A treasurer has a broad range of responsibilities in the modern corporation, ranging from cash management to risk management. Further, the treasurer is responsible for the proper movement of potentially large amounts of funds and the construction of hedges, which call for the integration of a comprehensive set of controls into a broad -based procedural framework. Treasury Management: The Practitioner’s Guide shortens the treasurer’s learning curve for all aspects of the position, with chapters clustered into the general categories of cash management, financing, risk management, and treasury systems.

The book is divided into four sections. In Part One, we address the various methods by which a company transfers cash, both on paper and by electronic means, and then show how to create a cash forecast and monitor its accuracy. We then cover several methods for aggregating cash from a multitude of locations, so that funds can be more effectively dispositioned. Finally, a separate chapter addresses the components of working capital and how they may be altered, thereby impacting cash flow planning.

In Part Two, we cover what the treasurer does to raise debt and equity, as well as how to invest funds. This includes a discussion of the various kinds of debt and key characteristics of each one, how to deal with credit rating agencies, and the intricacies of equity offerings. The coverage of investments includes investment criteria, types of available investments, and investment ...