Certificate in International Cash Management Assessment


Assessments are designed to test a student has learnt the required knowledge as specified by the individual learning outcomes of the course. Whilst you are studying it’s up to you to decide when you are ready to opt in and take your assessment.

How is the Certificate in International Cash Management assessed?

Certificate in International Cash Management students will be assessed through two exams. Units 1 and 2 of the new syllabus will be assessed through an online exam that will include multiple choice questions. This aims to test the knowledge and understanding of the syllabus along with the student’s ability to analyse, evaluate and apply relevant approaches or techniques including making calculations.

Units 3, 4, 5, 6 and 7 will be assessed through a single online test which will require students to evaluate realistic situations, explain and discuss items, and to apply or suggest practical and relevant solutions and recommendations. Students will be expected to display a wide appreciation of the international cash management environment.

At the end of your studies you will decide if and when to take a remotely invigilated exam. The exam is three hours in duration.

The exam is taken online via the Surpass System, and the invigilator (ProctorExam) will be overseeing you through the entire assessment.

There are technical requirements for the equipment you need to use to take the exam and you must test your PC in advance of the exam with Proctor Exam. Further information on this and a user guide are available on the Need to know page.

To complete the Certificate in International Cash Management (CertICM) you will be required to pass the units 1-2 Award in Cash Management Fundamentals (AwardCMF) and the units 3-7 CertICM exam, unless you have any exemptions.

Entry requirements

There are no entry requirements for CertICM.

Format of the exam for units 1 and 2 (AwardCMF)

The AwardCMF assessment consists of 90 multiple choice questions (MCQs) based on the AwardCMF syllabus (units 1 and 2 of the CertICM syllabus). Of these 90 questions, 50 are standalone MCQs with the remaining 40 questions based on eight mini scenarios, each containing five questions. Questions have been randomly selected from both learning outcomes, 1 and 2 of the AwardCMF and CertICM syllabus. The exam is made up of standard multiple choice questions and multiple response questions, where there is more than one correct answer. All correct answers must be selected to be awarded the mark.
The nominal pass mark for this assessment is 70%.

AwardCMF assessment test specification for units 1 and 2:

Section Number of questions Marks available
Section A 50 multiple choice based questions 50
Section B 8 scenarios, each containing up to 5 multiple choice questions 40
Total 90 90

Under exam conditions, 2 hours (120 minutes) is allowed for this assessment.

Format of the exam for the CertICM

Please read the following information carefully as there are changes to the format of the Assessment:

The paper is comprised of two sections, A and B.
Section A is worth a total of 50 marks. Section A has a pre-seen case study that will be released no later than 2 weeks prior to the exam start date.

Section B is made up of 3 mini case studies and questions, of which you MUST answer 2. Each question is worth 25 marks.

CertICM assessment test specification:

Section Number of questions Marks available
Section A 1 case study based question 50
Section B 3 scenario based questions, of which candidates are only required to answer 2 50
Total 4 100

Under exam conditions, 3 hours (180 minutes) is allowed for this assessment.

Exam fees

Award CMF: Units 1-2 exam: GBP 95, AED 470, USD 125
CertICM: Units 3-7 exam: GBP 250, AED 1230, USD 325
Plus any applicable sales taxes/VAT

Pass rates

The pass rates for previous assessment sessions of the Certificate in International Cash Management exams is available here and the pass rates for previous assessment sessions of the Award in Cash Management Fundamentals exams is available here.These documents show the percentage of candidates who scored a distinction. Pass rates will be updated after each exam session.

Exam dates

There are five assessment sessions each year for Units 1-2 (AwardCMF)and two assessment sessions for Units 3-7 (CertICM). Please note that the exam window for CertICM is based on a time zone of London (UTC +/-0 hours). These dates may appear differently on the ACT eAssessment Centre depending on the time zone you select when scheduling your exam time.

Third window for 2018

Assessment booking deadline:
22 June 2018

Exam window:
Unit 1-2: 10-13 July 2018

Fourth window for 2018 (bookings now open)

Assessment booking deadline:
Units 1-2: 24 September 2018
Units 3-7: 17 September 2018

Exam window:
Unit 1-2: 9-12 October 2018
Unit 3-7: 11 October 2018 (9.30am -10.30am local time to you)
(results for Units 3-7 published 16 November 2018)

Fifth window for 2018 (bookings not open yet)

Assessment booking deadline:
26 November 2018

Exam window:
Unit 1-2: 11-14 December 2018

Book your CertICM assessment

Step 1: Are you an ACT student member? If you have not joined as a member you will need to do this and create an ACT web account first.

Step 2: Check the assessment dates and the fee.

Step 3: Log in to your ACT account and complete the assessment booking form

Have your credit/debit card details to hand, you will be required to make online payment through WorldPay.

ACT CertICM student membership

You need to join as an ACT CertICM student member before you can book and sit the assessment. If you have chosen to study with the ACT Learning Academy you will join as a student member at the same time as you book your online course via the ACT Learning Academy. Your student membership will be valid for the duration of your ACT Learning Academy 18 month learning licence.

If you are studying with an ACT Approved Centre or have chosen the assessment only route, you need to join as an ACT student member here You will need to keep your membership up to date to book and sit the assessment.

You can find out more about membership here.

What happens next? +
  • On submission of the assessment booking form you will receive an automated summary email of your selection and a worldpay emailed receipt.
  • Your booking will be processed within five working days and you will be sent an email confirming that you have been booked to sit the exam.
  • We are using a new platform for the exams and soon you will be sent a link to access a practice test to give you a look and feel of the new environment. You can still access the specimen exam paper within the LMS.
  • If you applied for a reasonable adjustment, the ACT assessment team will be confirm this with you and make the necessary arrangements.
Reasonable adjustment for taking an assessment +
It is important that you inform the ACT if you have a permanent or temporary condition that you wish to be taken into consideration when taking your assessment. If you need any reasonable adjustment, complete the form below. You must notify the ACT no later than 6 weeks before your assessment date.
Please read the Reasonable Adjustment policy to see if you are eligible and the documentation we will require.
Click here and enter your username and password. It will take no more than five minutes. You will be asked for the reason for your adjustment and your specific requirements. You will also have to upload the supporting documentation

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