Award in Cash Management Fundamentals syllabus

The Award in Cash Management Fundamentals is designed to provide students with an understanding of the essentials of cash management and working capital, allowing those who are new to the subject the opportunity to get to grips with fundamental areas before moving onto the full Certificate in International Cash Management.

What will I learn?

The Award in Cash Management Fundamentals consists of two units:

  • Unit one: Cash management – the essentials
  • Unit two: Working capital management

AwardCMF is for you if you are:

  • considering a career in cash and liquidity management
  • in the early stages of your career and need to know about cash and liquidity management
  • in a role that works closely with treasury
  • moving to a cash management role
  • banker or a consultant who needs to advise clients more effectively

download iconDownload the AwardCMF syllabus

download iconDownload the AwardCMF factsheet

Entry requirements

There are no entry requirements for the Award in Cash Management Fundamentals.


If you are CIMA or ICAEW qualified, you are exempt from the Award in Cash Management Fundamentals. Click here to check the full list of accountancy exemptions. You are eligible to fast track onto Units 3-7 of the Certificate in International Cash Management.

How do I learn?

The Award in Cash Management Fundamentals online course learning materials are delivered through the ACT Learning Academy, the ACT's official study centre meaning you:

  • can access learning content wherever you are in the world
  • have the flexibility to study when and where you want
  • can fit your studies around your work and personal commitments

How long will it take to complete my qualification?

Each unit will take you roughly 20-25 hours of study time to complete.

You can study the Award in Cash Management Fundamentals through the ACT Learning Academy or one of our approved centres. Successful completion of the course and passing the examination will lead to the award of the Award in Cash Management Fundamentals.

Assessment – how will I be assessed?

The Award in Cash Management Fundamentals will be assessed through an online multiple choice exam which is 2 hour duration. You can book your assessment at any time. You must be an ACT student or eAffiliate member to book and sit an assessment.

ACT membership

When booking onto the Award in Cash Management Fundamentals you will need to join as an ACT AwardCMF student member before you can book and sit the assessment. Membership is designed to support you as you progress through an ACT qualification. The qualification provides you with quantifiable and assessed skills, whilst your ACT membership provides you with access to the ACT's wider knowledge base and a range of benefits to help advance your career - from resources to help you develop your business and behavioural skills at the ACT Career Hub, to networking opportunities at our events.

Upon successful completion of the certificate, you will be eligible to become an ACT eAffiliate member and use the designatory letters AwardCMF. These are what really set you apart and offer a mark of professional distinction to your employers, peers and clients.

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 9 month learning licence.

You can find out more about membership here.

The ACT Competency Framework

The competency framework defines the key technical skills, knowledge and behaviours needed to be effective when working in or with the treasury profession. To help you identify which competencies are relevant to you, we’ve mapped them to four treasury job levels: tactical, operational, managerial and strategic.


The content of the AwardCMF introduces skills required to operate at an operational level.

For more information about the competency
framework visit here

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