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De La Salle Lipa

College of Business, Economics, Accountancy and Management Business Administration Department

1st Semester, A.Y. 2011 - 2012


Course Description: The course is a study of the practice of treasury management and the knowledge/skills needed to practice treasury management. It covers firm's collections, disbursements, cash concentration, investment and funding activities. In larger firms, it may also include trading in bonds, currencies, financial derivatives and the associated financial risk management. Course Objectives:
At the end of the course, the students are expected to;

1. 2. 3. 4. 5.

Know the definition and basic functions of finance. Understand the Philippine Financial system and contemporary issue4s affecting it. Demonstrate knowledge of the principles of time value of money. Understand the institutional financial community and the challenges it presents. Integrate Christian values of honesty, social responsibility and ethical integrity in the study of basic finance 6. to support management of financial transactions and positions from the trading stage through back office processing to the transfer to Financial Accounting. 7. To provide flexible reporting to analyze financial transactions and positions.

The objective of the course is to help the student gain insight into the myriad functions of a treasurer ranging from cash and liquidity management, reserves management, funds management to transfer pricing, and risk management.

Course Outline TIME FRAME 1


COURSE CONTENT I. INTRODUCTION A. Course orientation/overview B. Leveling of expectations II. CASH MANAGEMENT A. Treasury Department 1. Role of the Treasury Department 2. Treasury Controls 3. Treasurer Job Description 4. Position of Treasury within the Corporate Structure 5. Treasury Centralization 6. Treasury Compensation 7. Bank Relations 8. Treasury Outsourcing B. Cash Transfer Methods 1. Check and Cash Payments 2. Wire Transfers 3. ACH Payments 4. Cash Transfer Procedures and Controls


Weeks 1-5

5. Fees for Cash transfers C. Cash Forecasting 1. Business Cycle Forecasting 2. Measuring Cash Forecast Accuracy 3. Cash Forecasting Automation 4. Cash Forecasting Controls 5. Cash Forecasting Policies 6. Cash Forecasting Procedures D. Cash Concentration 1. Strategies and Benefits of Cash Concentration 2. Comparison of Account Sweeping and Notional Pooling 3. Cash Concentration Controls 4. Cash Concentration Policies 5. Cash Concentration Procedures E. Working Capital Management 1. Working Capital Variability 2. Cash and Credit Management 3. Receivable Management 4. Inventory Management III. FINANCING A. Debt Management 1. Types of Debt 2. Credit-Rating Agencies 3. Accounting for Debt 4. Debt-Related Controls 5. Debt-Related Policies 6. Debt-Related Procedures B. Equity Management 1. Stock Registration 2. Exemptions from Stock Registration 3. Accounting for Stock Sales 4. Equity-Related Controls 5. Equity-Related Policies 6. Equity-Related Procedures C. Investment Management 1. Investment Criteria 2. Investment Options 3. Investment Strategies 4. Accounting for Investments 5. Investment Journal Entries 6. Investment Reporting 7. Investment Management Controls 8. Investment Management Policies 9. Investment Management Procedures

Weeks 6-8

MIDTERM EXAMINATION Weeks 10-13 IV. RISK MANAGEMENT A. Foreign Exchange Risk Management 1. The Nature of Foreign Exchange Risk 2. Data Collection for Foreign Exchange Risk Management 3. Foreign Exchange Hedging Strategies 4. Hedge Accounting 5. Foreign Exchange Hedge Controls 6. Foreign Exchange Hedge Policies 7. Record Keeping for Foreign Exchange Hedging Activities 8. Foreign Exchange Hedge Procedures B. Interest Risk Management 1. Interest Risk Management Objectives 2. Interest Risk Management Strategies 3. Accounting for Interest Risk Management Activities 4. Interest Risk Management Policies 5. Record Keeping for Interest Rate Risk ;Management

6. Interest Rate Management Procedures

Weeks 14-15

VII. INFORMATION, MARKET FAILURE AND THE ROLE OF THE GOVERNMENT A. Sources of Market Failure B. Market Behavior with Imperfect Information/ Asymmetric Information C. Externalities and Public Goods VIII. INTERNATIONAL MICROECONOMICS A. The Theory of International Trade B. Trade Restrictions and Welfare Loss C. The Mechanics of International Finance D. FINAL EXAMINATION

Weeks 16-17

Textbook: Pindyck, R. and Rubinfeld, D. (2009). Microeconomics, 7th ed. Upper Saddle River, New Jersey : Pearson Education, Inc, Book References: Slavin, Stephen (2008). Economics (8th ed.) Boston Burr Ridge : Mc Graw-Hill Irwin. Samuelson, Paul A. and Nordhaus, William D. (2005). Economics (18th ed.).Singapore: McGraw-Hill/Irwin. Nicholson, Walter (2005). Microeconomic Theory: Basic Principles and Extensions (9th ed.).Australia: Thomson South-Western. Mc Eachern, William (2003). Microeconomics: A Contemporary Introduction ( 6th ed.) USA: South Western College Publishing. Case, Karl, et al. (2003). Principles of Economics. Singapore: Prentice Hall. Journal Articles: Englander, F and Moy, R. (2003). Supply, Demand, and the InternetEconomic Lessons for Microeconomic Principles Coursesin Journal of Education for Business. May/Jun, Vol. 78 Issue 5, p290-294. Retrieved from Academic Source Complete, EBSCO. Valentinov, V. (2008). Non-Market Institutions in Economic Development: The Role of the Third Sector in Development and Change. May, Vol. 39 Issue 3, p477-485. Retrieved from Academic Source Complete, EBSCO. Shmanske, S. (2006). The Monopoly Nonproblem: Taking Price Discrimination Seriously in Independent Review. Winter, Vol. 10 Issue 3, p337-350. Retrieved from Academic Source Complete, EBSCO. Pauly, Mark V. (2007). Risks and Benefits in Health Care: The View from Economics in Health Affairs. May/Jun, Vol. 26 Issue 3, p653-662. 10.1377/hlthaff.26.3.653.

A. Lecture/discussion B. Brainstorming C. Seatwork and exercises D. Boardwork


A. Exemplary performance in written and oral examinations B. Reading of assigned articles and topical assignments C. Active class participation D. Punctual submission of assignments and reports E. Periodic examinations FINAL TERM EVALUATION A. Written Exam B. Terminal Project/Paper C. Combination (show percentage distribution)

ACADEMIC COURSE REQUIREMENTS any of the following A. Formal Paper please specify type B. Exposure Trip C. Seminar/Conference Prepared by:

__________________________ Jasmin D. De Silva Faculty In Charge