Treasury Management

This subject has the following teaching availabilities in 2015:

Estimated total time commitment of 120 hours per semester

This subject is only available to students enrolled in the Graduate Diploma in Finance, Postgraduate Diploma in Finance, and the Master of Finance, and for Master of Accounting, and Master of Management students who have completed FNCE90018 Corporate Financial Policy and FNCE90056 Investment Management.

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For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

This subject consists of a structured reading program and assignments and a series of seminars presented by practitioners on various aspects of Treasury Management and related themes. Topics covered include issues such as treasury functions, international borrowings, corporate ratings, foreign exchange exposure management, interest rate risk management, value based management, treasury performance measurement, liquidity management systems and controls, tax and accounting issues.

On successful completion of this subject students should be able to:

• Describe the corporate and financial institution treasury functions;
• Explain the rationale for the treasury function in corporations;
• Evaluate the risk management framework required for corporate, banking and government entities in areas such as foreign exchange, interest rates, liquidity, credit and commodity price risk management;
• Explain how a treasurer would identify, measure, manage and report foreign exchange and interest rate exposures;
• Critically evaluate techniques used to identify and manage exposure to cash-flow and liquidity risk;
• Compare and distinguish between the types of treasury function operated by a corporate entity as apposed to that operated by a financial institution;
• Examine the control framework and evaluate the corporate governace issues associated with the operation of a treasury function.

• 4000 word assignment due in Weeks 10 to 12 (40%)
• 3-hour end-of-semester examination (60%)

You will be advised of prescribed texts by your lecturer.

This subject is not available as a breadth subject.

On successful completion of this subject, students should have improved the following generic skills:

• Oral communication
• Written communication
• Collaborative learning
• Problem solving
• Team work
• Statistical reasoning
• Application of theory to practice
• Interpretation & analysis
• Critical thinking
• Synthesis of data and other information
• Evaluation of data and other information
• Using computer software
• Accessing data and other information from a range of sources