法国新闻社团的经营管理.pptVIP

AFP Corporate Treasury Management Program Chapter 1: The Role of Treasury Management Outline Trends in Treasury Management The Corporate Financial Objective The Finance Function Financial Decisions Financial Organization Treasury Management Objectives and the Cash Flow Timeline The Operating Cycle and the Cash Flow Timeline Cash Flows Cash Flow Timeline and Float The Future of Treasury Management Corporate Financial Decisions Capital Structure Decisions Investment Decisions Financing Decisions Dividend Decisions Operating Cycle Discussion Question What are seven major objectives of treasury management? General Cash Flow Timeline A Company’s Cash Flow Timeline Chapter 2: Treasury Organizational Structure Outline Treasury Objectives and Policies Treasury Policies Financial Organization Financial Organizational Structure Key Roles and Responsibilities Daily Cash Management Treasury Management Organization Treasury Linkages and Interfaces Enterprise Treasury Management Treasury Policies Areas for developing treasury policy: Establishing treasury objectives Determining funding requirements Establishing an investment policy Measuring and managing financial exposures Evaluating treasury performance Policies must outline roles and responsibilities for: Calculating a daily cash position Initiating and approving internal and external transfers Determining methods of short-term funding Establishing financial reporting methods, formats and timeframes Selecting and managing 3rd-party vendor and banking relationships Typical Organization of the Financial Function—Treasurer External financing Borrowing Leasing Investor relations Cash management Collection/ concentration Disbursements Short-term investing Financial institution administration Risk management Interest rate risk management Insurance Foreign exchange risk management Employee benefit fund management Typical Organization of the Financial Function—Controller Accounting Financial reporting Internal accounting/ auditin