Association of Corporate Treasurers
Encyclopedia
The Association of Corporate Treasurers (ACT) is the only British professional body
specialising in the profession of corporate treasury. Founded in 1979, it is both an examining body, providing a wide range of qualifications for those working in treasury, risk and corporate finance
, and a membership organisation which supports and represents its members.
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
who belong to a member organisation of the Consultative Committee of Accountancy Bodies
.
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 members and ICAS
members.
and International Capital Market Association to help large and medium-sized companies to raise funds through the bond markets.
Professional body
A professional association is usually a nonprofit organization seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.The roles of these professional associations have been variously defined: "A group of people in a...
specialising in the profession of corporate treasury. Founded in 1979, it is both an examining body, providing a wide range of qualifications for those working in treasury, risk and corporate finance
Corporate finance
Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...
, 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
British qualified accountants
British qualified accountants are full voting members of United Kingdom professional bodies that evaluate individual experience and test competencies for accountants....
who belong to a member organisation of the Consultative Committee of Accountancy Bodies
Consultative Committee of Accountancy Bodies
The Consultative Committee of Accountancy Bodies is an umbrella group for the chartered professional bodies of British qualified accountants.The CCAB was formed in 1974 and has six members:* Association of Chartered Certified Accountants...
.
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
International Federation of Accountants
International Federation of Accountants is the global organization for the accountancy profession. IFAC has 164 member and associates in 124 countries and jurisdictions, representing more than 2.5 million accountants employed in public practice, industry and commerce, government, and academe...
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
Association of Chartered Certified Accountants
Founded in 1904, the Association of Chartered Certified Accountants is the global body for professional accountants offering the Chartered Certified Accountant qualification . it is one of the largest and fastest-growing global accountancy bodies with 147,000 members and 424,000 students in 170...
members and affiliates, CIMA
Chartered Institute of Management Accountants
The Chartered Institute of Management Accountants is a United Kingdom-based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business; together with ongoing support for members.CIMA is one of a number of professional...
members and students, ICAEW members and ICAS
Institute of Chartered Accountants of Scotland
The Institute of Chartered Accountants of Scotland is the Scottish professional body of Chartered Accountants . It is a regulator, educator and influencer.ICAS act as a thought leader and voice of the professional business community...
members.
Influence
The ACT works with the British government and other bodies such as the Association of British InsurersAssociation of British Insurers
The Association of British Insurers or ABI is a trade association made up of insurance companies in the United Kingdom.-History:The ABI began in 1985 after several specialised insurance industry trade associations, including the British Insurance Association, the Life Offices’ Association, the Fire...
and International Capital Market Association to help large and medium-sized companies to raise funds through the bond markets.
External links
- Treasurers.org, official website
- UK - The Association of Corporate Treasurers (ACT) on the website of the International Group of Treasury Associations, a worldwide umbrella body for corporate treasury organisations