The AMCT Diploma in Treasury is the benchmark of technical competency. It provides practical understanding of the principles and techniques of treasury, risk and corporate financial management and develops breadth and depth of expertise.
The AMCT fast-track route is open exclusively to ACCA members and affiliates, CIMA members and students, ICAEW members and ICAS members. Scroll down for further details.
How can I enrol?
If you qualify for the AMCT fast-track route your first paper will be CertITM – the stage two compulsory exam.
The enrolment deadline for CertITM is 30 September for April examination and 31 March for October examination.
Who is eligible for AMCT Fast-Track?
Automatic exemption from AMCT stage one is available for all qualified accountants from IFAC member bodies.
Eligibility for AMCT Fast-Track means that in addition to being exempt from stage one, you also benefit from the fast-track Corporate Finance and Funding paper with reduced study content and a shorter exam at stage three.
The following qualify for AMCT Fast-Track:
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ACCA members and affiliates who have passed one of the following: paper 14 (Financial Strategy); Paper 3.7 (Strategic Financial management); or paper P4 (Advanced Financial Management). |
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CIMA registered students and members who have completed one of the following: Stage 4 (1995 - 2000); Part 3 (2000-2004); or Strategic level (2005-onwards). |
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ICAEW Members who have qualified since 1998. |
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ICAS Members who have qualified since 1995. |
If you qualified prior to the dates shown above you are not eligible for the AMCT fast-track route but you are still automatically exempt from the stage one foundation papers.
See our exemptions page for further information.
Course content
There are usually three stages to completing the AMCT Diploma:
Stage one (qualified accountants exempt)
All qualified accountants from IFAC member bodies are exempt from the four foundation papers that comprise stage one of AMCT.
Stage two (compulsory)
Stage two is the Certificate in International Treasury Management (CertITM). CertITM provides a broad understanding of the core elements of treasury. It develops technical and practical skills in the principles and techniques underpinning treasury, risk and corporate finance and provides a platform from which you can go on to develop specialist knowledge. A public finance version of this course is also available.
Typical study requirements are 150-200 hours for this paper.
The enrolment deadline for CertITM/CertITM-PF is 30 September for April examination and 31 March for October examination.
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.
Stage three fast-track elective
ACCA members and affiliates, CIMA members and students, ICAEW members and ICAS members qualify for the Corporate Finance & Funding Fast-Track paper the benefits of which include reduced study content and a shorter final examination.
Choose two papers from the following:
Typical study requirements are 100 hours for the Corporate Finance & Funding Fast-Track paper and 120 to 150 hours for the other papers.
Enrolment deadlines for stage three papers:
CertCFF*, CertRM*, CertFMM
15 June for October examination
15 December for April examination
* If you are studying for or have completed CertITM otherwise 30 September for April examination and 31 March for October examination.
CertICM
31 March for October examination
30 September for April examination
Why take AMCT?
The AMCT Diploma is the benchmark of technical treasury competency. It provides practical understanding of the principles and techniques of treasury, risk and corporate financial management and develops breadth and depth of expertise. It enables finance professionals – whether corporate, banking or advisory – to speak the common technical language of treasury and is valued by financial institutions and corporates alike.
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 or anyone involved in or with responsibility for corporate treasury
- Accountants who would benefit from a broader skills base
- Bankers and relationship managers who need to understand the requirements of their corporate clients
- Financial analysts who want to develop their career in corporate finance, risk management and specialist treasury activities.
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.
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 materials and online learning resources
- 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
- Good standard of English: due to the course being written and examined in English, students will need to possess a good standard of English.
- Internet Browser version: the eLearning website is an important part of this course as you will be able to access the online course manual, discussion forum and further information. Therefore you do need the latest browser to access the content. We suggest one of the following browsers: Internet Explorer 7 or 8, Firefox 3 or Google Chrome to view the content correctly.
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.
Pass mark and pass rates
The mark you need to achieve a pass in all papers apart from CertITM is normally 50%. The pass mark for CertITM will vary from one examination sitting to another according to the difficulty grade of the multiple choice paper. As a guide a student achieving 70% or over will have passed CertITM.
Booking your exam venue
Students are automatically registered to sit the exam in London. If this is where you intend to sit your exam, no further communication with us is necessary.
We have exam venues in Edinburgh, Dublin, Hong Kong and Singapore which you can book. You don’t need to book your exam venue when you enrol, we will write to you 10 weeks before the exam date asking you to select your venue.
If you cannot take your exam at one of the above venues and you live outside of the UK mainland, you can request to take your exam at a venue local to you. It is your responsibility to contact a suitable venue. The first point of contact is the British Council, although Universities and Colleges of Higher Education are also acceptable venues. Further details will be available to you when you enrol as a student.
For students sitting exams at venues other than London, Edinburgh and Dublin, an administration fee will be payable directly to your chosen local exam venue.
Student case studies
Kerri Davidson, Senior Executive, Infrastructure Advisory, Ernst & Young LLP
I joined the Infrastructure Advisory department within Ernst & Young after qualifying as a CA in Audit. My new role required a more specialised corporate finance and risk perspective so I decided to take the AMCT Diploma in Treasury to develop my skills in this
area and complement the CA qualification. Although I don’t work within a treasury environment, the broad choice of specialist modules allowed me to tailor the qualification to suit the needs of my role. Furthermore, the exemptions and fast-track route allowed me to complete the qualification in under a year.
I found the tuition courses extremely helpful due to the high standard of teaching from friendly and experienced lecturers. I also made a lot of new friends and contacts on the courses so it wasn't all work! I would definitely recommend AMCT as a way of distinguishing yourself in the market with a highly respected, versatile qualification.
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.
Becoming a member of the ACT
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.
Continuing your studies
The MCT Advanced Diploma is the full membership qualification of the ACT enabling you to use the designatory letters MCT.
Continuing your studies to MCT 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.
Frequently asked questions
These frequently asked question pages answer generic questions on our qualifications processes and rules which are applicable across the range of our products.
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