The Association of Corporate Treasurers (ACT) is the international

professional body A professional association (also called a professional body, professional organization, or professional society) usually seeks to advocacy, further a particular profession, the interests of individuals and organisations engaged in that professio ...

specialising in the profession of

corporate treasury Treasury management (or treasury operations) includes management of an enterprise's holdings, with the ultimate goal of managing the firm's liquidity and mitigating its operational, financial and reputational risk. Treasury Management includes a f ...

. It was founded in 1979 and was awarded a Royal Charter on 1 January 2013. It is both an examining body, providing a wide range of qualifications for those working in treasury, risk and

corporate finance Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to all ...

, and a membership organisation which supports and represents its members.

Membership

There are two possible routes to membership of ACT. Most members are individuals who have completed ACT's professional qualifications. The levels of membership are: * Associate Membership (AMCT) * Membership (MCT) * Fellowship (FCT) * Corporate Membership * International Affiliates Associates use the designatory letters AMCT, while members are entitled to use the letters MCT. Fellowship is the highest level of membership of the Association and confers the right to use the designatory letters FCT. It is a public recognition of the fact that the individual has made a contribution to the treasury profession. Many members of the ACT are also

qualified accountants An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certif ...

who belong to a member organisation of the

Consultative Committee of Accountancy Bodies The Consultative Committee of Accountancy Bodies (CCAB) is an umbrella group of chartered professional bodies of British qualified chartered accountants. Members Since 2012, CCAB has five member bodies: * Association of Chartered Certified Account ...

. The ACT is a member of the European Association of Corporate Treasurers and the International Group of Treasury Associations, the umbrella bodies for corporate treasury organisations in Europe and worldwide. ;Fast-track qualification Automatic exemption from stage 1 of the AMCT Diploma, the Associate Membership qualification is available for all accountants qualified through IFAC member bodies. The ACT also offers a fast-track route for qualified accountants who wish to gain AMCT. This accelerated course of study is open exclusively to ACCA members and affiliates, CIMA members and students,

ICAEW The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organisation that promotes, develops and supports chartered accountants and students around the world. As of July 2022, it has over 198,000 members ...

members and ICAS members.Association of Corporate Treasurers Qualifications
on ACCA website

Influence

The ACT works with the British government and other bodies including the

Confederation of British Industry The Confederation of British Industry (CBI) is a UK business organisation, which in total claims to speak for 190,000 businesses, this is made up of around 1,500 direct members and 188,500 non-members. The non members are represented through the 1 ...

to help large and medium-sized companies, with a focus on the

real economy The real economy concerns the production, purchase and flow of goods and services (like oil, bread and labour) within an economy. It is contrasted with the financial economy, which concerns the aspects of the economy that deal purely in transac ...

References

External links

Treasurers.org
official website {{Authority control Accounting in the United Kingdom Organisations based in the City of London Organizations established in 1979 Corporate Treasurers Professional certification in finance 1979 establishments in the United Kingdom Corporate finance

Membership

Influence

See also

References

External links