AMCT Diploma in Treasury

1 January 2000

Key facts

Study method Self study with course manuals, online learning support, tuition and revision days

Further information

Your Study Path to the AMCT (PDF 24K)
Course brochure and syllabus (PDF 475K)
Tuition & Revision schedule (April 2009 sitting) (PDF 26K)
Fees (PDF 21K)
Fees and refund policy (PDF 44K)
 AMCT has broadened my subject knowledge and advanced my skills base considerably. There is no other qualification that will provide you with the necessary skills required to work towards senior level within the profession. Andrew Griffiths, AMCT, Assistant Treasurer – Cash, Anglian Water Group Ltd

Course overview

The AMCT Diploma in Treasury is the ACT’s core qualification. It delivers understanding and knowledge of the essential topics within treasury, risk and corporate finance and practical insight into how to deal with daily treasury issues. AMCT introduces the main areas of treasury management set in the financial context of the company as a whole. The modular syllabus offers a wealth of knowledge and a thorough understanding of the principles and techniques underpinning corporate treasury whilst offering the opportunity to build specialist knowledge in key areas such as cash management. It is the associate membership qualification for the ACT and leads to the designatory letters AMCT.

Current ACT student? Please visit the Student Area

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Course structure and content

AMCT courses map

There are three stages to completing the AMCT Diploma:

Stage one (exemptions available)

Stage one establishes the underlying knowledge and understanding of the principles and techniques of corporate treasury. It provides the framework of financial knowledge in accountancy, economics, tax and law that underpins stages two and three.

It comprises four foundation papers:

Typical study requirements are 100-120 hours per paper.

Exemptions from stage one of the AMCT Diploma in Treasury are available for qualified accountants and those individuals with previous relevant qualifications.

Stage two (compulsory)

Stage two provides a fundamental understanding of the core elements of treasury. Combining technical skills with practical application, it provides insight into the principles and techniques of treasury, risk and corporate financial management, with an international focus.

Stage two comprises one compulsory paper:

Typical study requirements are 150-200 hours for this paper.

Stage three (select two electives)

At stage three you choose two further electives which provide in-depth coverage of key areas within treasury, risk and corporate finance. This gives you the opportunity to tailor the qualification to your specific needs and deepen your understanding in specialist areas relevant to your working environment.

Choose two papers from the following:

* available as a certificate from April 2009

Typical study requirements are 120-150 hours per paper.

How can I enrol?

First check to see if you are entitled to any exemptions from the stage one foundation papers. If not, select one or more stage one foundation papers.

The enrolment deadline for AMCT stage one foundation papers is 15 December for April examination and 15 June for October examination.

If you are exempt from all the stage one foundation papers, your first AMCT Diploma paper will be CertITM – the stage two compulsory paper.

The enrolment deadline for CertITM is 30 September for April examination and 31 March for October examination.

Enrolment deadlines

Stage one – foundation papers
15 June for October examination
15 December for April examination

Stage two – CertITM
31 March for October examination
30 September for April examination

Stage three – CertCFF*, CertRM*, CertFMM, CertRMP
15 June for October examination
15 December for April examination

* If you are studying for or have completed CertITM

Stage three – CertICM
31 March for October examination
30 September for April examination

Who should take this qualification?

The AMCT Diploma in Treasury applies to a wide range of diverse finance roles and environments. It is widely recognised as an instant benchmark of competency and an acknowledged standard upon which employers, colleagues and clients can rely. In particular, it is relevant to.

  • Corporate treasurers
  • Accountants who would benefit from a broader skills base
  • Financial analysts who want to develop their career in corporate finance, risk management and specialist treasury activities
  • Bankers and relationship managers who need to understand the requirements of their corporate clients.

Course objectives

  • Ensure a fundamental understanding of core topics within treasury, risk and corporate finance
  • Provide knowledge, depth of expertise and insight into dealing with daily treasury issues
  • Deliver a flexible syllabus with an element of choice to enable students to tailor the qualification to specific needs.

Learning outcomes

AMCT is the associate membership qualification for the ACT and leads to the designatory letters AMCT. On achieving AMCT you can become a member of the ACT and join the largest community of qualified treasury, risk and finance professionals.

AMCT enables you to:

  • Use the tools and techniques of treasury management
  • Understand the role of the finance and treasury function within a company
  • Understand and interpret the value of core treasury topics, such as accountancy and tax as well as the more complex treasury areas of corporate finance and risk management
  • Apply treasury knowledge and understanding to real life scenarios
  • Analyse treasury-specific information.

Study tools

AMCT combines self study with the option of face-to-face tuition and revision days. It is a distance learning qualification supported by a wide range of print and online learning materials and tools including:

  • Course manuals
  • Study guides
  • Learning resource databases
  • Progress tests
  • Past papers
  • Tuition and revision courses
  • Tutor guided forums

Study tools and methods vary from course to course so check before you enrol.

You will need: access to a computer with internet connection

Entry requirements

Due to the course being written and examined in English, students will need to possess a good standard of English.

Tuition and revision

There are a number of optional and compulsory tuition and revision days available for each paper within the AMCT syllabus. We recommend attendance at the tuition and/or revision days as this has a significant positive impact on results across all papers.

Tuition has been tailored to cover the key areas of the course, reinforcing and improving knowledge. Tuition days complement your home study; each day is intensive, covering a number of topics in detail with lecturers, worked examples, and tutorial sessions

Revision courses cover exam preparation techniques, revision, tutor-structured solutions and exam question practice. The objective of revision is to revise material covered earlier, to enhance your confidence in attempting exam standard questions in the topics covered. Coverage is not comprehensive, but is designed to complement your final exam preparations and the previous tuition course and/or home study programme.

You can book onto the optional tuition and revision when you enrol or up to 10 days before the start of the courses.

Assessment and examination

Each paper within the AMCT syllabus is assessed by a three hour written examination. For further information, please visit the relevant course page:

The mark you need to achieve a pass in all papers apart from CertITM is normally 50%. For CertITM the mark you need to achieve a pass is normally 70%. This higher mark is accounted for by the fact that in a multiple choice examination, marks may be gained by guessing the correct answer.

Student case studies

Tushar Patel, AMCT, Assistant Group Treasurer, DP World, Dubai

I joined P&O after qualifying as an accountant and started out in a management accounting role, moving to the treasury team when P&O demerged the cruise shipping business. I have subsequently relocated to Dubai following the takeover of P&O by DP World, a Dubai based Port operating Company.

AMCT provides an essential treasury background and helped me understand treasury markets and fund raising, explaining the markets, how they move and the different issues faced. The course not only covers the theory, but is also very practical in nature. As I worked in treasury, I found I would read something theoretical in the manuals and then end up using that theory practically at work the following day. Many of the students on the course were not career treasurers but wanted to add the understanding and knowledge gained through this qualification to their skills set.

AMCT gives me a professional advantage over my accountancy peers. There are so many qualified accountants around, it is difficult to stand out from the crowd – AMCT helps me to do so.

Sarah Maystone, AMCT, Analyst – FIG Analyst Unit, HSBC Bank plc

As a recent graduate working in Corporate Banking, I enrolled on to the AMCT Diploma as it offered me the opportunity to develop financial and credit analysis skills. Additionally I learnt about the funding and risk management products corporate clients require and why – all of which are instrumental in my day-to-day job.

The knowledge I gained via the AMCT Diploma has definitely complemented my on the job training and it has given me an edge in a very competitive job market. I am currently studying towards the MCT Advanced Diploma. I took the decision to go one step further, despite the fact that I don’t work in Corporate Treasury, as the analytical skills and in-depth product knowledge that I will achieve by studying for the MCT qualification are not only useful in my current role but will be invaluable for my future career.

Continuing your studies

Continuing your studies to MCT Advanced Diploma level will enable you to consolidate the theoretical knowledge gained from your AMCT studies and prepare you for the most senior positions in finance and treasury. Additionally, the MCT course will enable you to build a network of fellow treasury professionals, offering you the opportunity to develop important contacts with peers and colleagues. If you really want to stand out and progress your career, this qualification is highly regarded and well worth attaining. MCT leads to full membership of the ACT and use of the designatory letters MCT.

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