Synopses & Reviews
With a broad range of responsibilities in the modern corporation, ranging from cash management to the proper movement of potentially large amounts of funds and the construction of hedges, the treasurer's duties require the integration of a comprehensive set of controls into a broad-based pro-cedural framework.
Written by renowned accounting expert Steven Bragg, Treasury Management: The Practitioner's Guide shortens the treasurer's learning curve for all aspects of the position with authoritative coverage of the general categories of cash management, financing, risk management, and treasury systems.
Addressing the treasury function from every angle, this invaluable guide:
Addresses the various methods by which a company transfers cash, both on paper and by electronic means
Shows how to create a cash forecast and monitor its accuracy
Covers several methods for aggregating cash from a multitude of locations
Explores the components of working capital and how they may be altered, thereby impacting cash flow planning
Looks at what the treasurer does to raise debt and equity, as well as how to invest funds
Includes discussions of the various kinds of debt and key characteristics of each one, how to deal with credit rating agencies, and the intricacies of equity offerings
Discusses investments including investment criteria, types of available investments, and investment and risk-reduction strategies
Considers an increasingly important aspect of the treasurer's responsibilities: risk management
Describes the technology that drives many treasury transactions
Filled with extensive supporting examples, Treasury Management: The Practitioner's Guide is the ideal sourcebook for the mechanics of how to run all aspects of the modern treasury department.
Synopsis
Praise for Treasury Management The Practitioner's Guide"Steven Bragg has written a broad-based look at the treasurer's function that is as timely as it is complete. This book is an excellent choice for experienced treasury personnel, those new to the area, or the small business CFO needing to develop additional expertise."
?Matthew Boutte, Asset/Liability Manager, AVP, Sterling Bank
"Cash is king! Steven Bragg's Treasury Management: The Practitioner's Guide peels back the onion on the most pressing topics facing today's treasurer?cash management, financing, risk management, and treasury systems."
?Geoffrey Garland, Controller, Staco Systems
"This book gives an insight into the various intricacies, augmented with examples and flowcharts, involved in a treasury role. It gives a practical and detailed approach to cash management. A must-read for accounting heads of small businesses who have the additional responsibility of being a treasurer."
?Priya K Srinivasan, Owner, Priya K Srinivasan CPA
Treasury Management: The Practitioner's Guide describes all aspects of the treasury function. This comprehensive book includes chapters covering the treasury department, cash transfer methods, cash forecasting, cash concentration, working capital management, debt management, equity management, investment management, foreign exchange risk management, interest risk management, clearing and settlement systems, and treasury systems.
If you are a treasurer, CFO, cash manager, or controller, Treasury Management: The Practitioner's Guide allows you to quickly grasp the real world of treasury management and the many practical and strategic issues faced by treasurers and financial professionals today.
Synopsis
TREASURY MANAGEMENT
The Practitioner's Guide
Treasury Management: The Practitioner's Guide describes all aspects of the treasury function. This comprehensive book includes chapters covering the treasury department, cash transfer methods, cash forecasting, cash concentration, working capital management, debt management, equity management, investment management, foreign exchange risk management, interest risk management, clearing and settlement systems, and treasury systems.
If you are a treasurer, CFO, cash manager, or controller, Treasury Management: The Practitioner's Guide allows you to quickly grasp the real world of treasury management and the many practical and strategic issues faced by treasurers and financial professionals today.
About the Author
STEVEN M. BRAGG, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and an auditor at Deloitte & Touche. He received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine. He has been the two-time president of the Colorado Mountain Club, is an avid alpine skier and mountain biker, and is a certified master diver. Mr. Bragg resides in Centennial, Colorado. He is also the author of Accounting Best Practices and Accounting Policies and Procedures Manual (both published by Wiley).
Table of Contents
Preface.
About the Author.
PART ONE Cash Management.
Chapter 1 Treasury Department.
Role of the Treasury Department.
Treasury Controls.
Treasurer Job Description.
Position of Treasury within the Corporate Structure.
Treasury Centralization.
Treasury Compensation.
Bank Relations.
Treasury Outsourcing.
Summary.
Chapter 2 Cash Transfer Methods.
Check Payments.
Wire Transfers.
ACH Payments.
Procurement Cards.
Cash Payments.
Fees for Cash Transfers.
Summary of Cash Transfer Methods.
Cash Transfer Controls.
Cash Transfer Procedures.
Summary.
Chapter 3 Cash Forecasting.
Cash Forecasting Model.
Information Sources for the Cash Forecast.
Measuring Cash Forecast Accuracy.
Cash Forecasting Automation.
Bullwhip Effect.
Business Cycle Forecasting.
Cash Forecasting Controls.
Cash Forecasting Policies.
Cash Forecasting Procedure.
Summary.
Chapter 4 Cash Concentration.
Benefits of Cash Concentration.
Cash Concentration Strategies.
Pooling Concepts.
Physical Sweeping.
Notional Pooling.
Comparison of Account Sweeping and Notional Pooling.
Nonpooling Situations.
Bank Overlay Structure.
Cash Concentration Controls.
Cash Concentration Policies.
Cash Concentration Procedures.
Summary.
Chapter 5 Working Capital Management.
Working Capital Variability.
Cash Management.
Credit Management.
Receivables Management.
Inventory Management.
Working Capital Metrics.
Summary.
PART TWO Financing.
Chapter 6 Debt Management.
Types of Debt.
Credit Rating Agencies.
Accounting for Debt.
Debt-Related Controls.
Debt-Related Policies.
Debt-Related Procedures.
Summary.
Chapter 7 Equity Management.
Stock Registration.
Exemptions from Stock Registration.
Accounting for Stock Sales.
Equity-Related Controls.
Equity-Related Policies.
Equity-Related Procedures.
Summary.
Chapter 8 Investment Management.
Investment Criteria.
Investment Options.
Investment Strategies.
Outsourced Investment Management.
Risk-Reduction Strategies.
Accounting for Investments.
Investment Journal Entries.
Investment Reporting.
Investment Management Controls.
Investment Management Policies.
Investment Management Procedures.
Summary.
PART THREE Risk Management.
Chapter 9 Foreign Exchange Risk Management.
Foreign Exchange Quote Terminology.
The Nature of Foreign Exchange Risk.
Data Collection for Foreign Exchange Risk Management.
Foreign Exchange Hedging Strategies.
Hedge Accounting.
Foreign Exchange Hedge Controls.
Foreign Exchange Hedge Policies.
Record Keeping for Foreign Exchange Hedging Activities.
Foreign Exchange Hedge Procedures.
Summary.
Chapter 10 Interest Risk Management.
Interest Risk Management Objectives.
Interest Risk Management Strategies.
Accounting for Interest Risk Management Activities.
Interest Risk Management Policies.
Record Keeping for Interest Rate Risk Management.
Interest Risk Management Procedures.
Summary.
PART FOUR Treasury Systems.
Chapter 11 Clearing and Settlement Systems.
Characteristics of Clearing and Settlement Systems.
Overview of the Clearing and Settlement Process.
Fedwire.
Automated Clearing House (ACH) System.
Clearing House Interbank Payments System (CHIPS).
Check Clearing.
The Continuous Link Settlement (CLS) System.
Summary.
Chapter 12 Treasury Systems.
Treasurer's Technology Needs.
Treasury Management System.
SWIFT Connectivity.
Summary.
Index.