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About the Certificate Course on Forex and Treasury Management

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About the Course

The Committee on Capital Market and Investors Protection is one of the Non-Standing Committees of the ICAI which conducts Certificate Course on Forex and Treasury Management (FXTM) for professional development of members in this field. This course covers foreign exchange market, money market, bond market operations and related financial products. It therefore analyses the international finance environment within which banks, other intermediaries and companies operate and how it affects their operations in treasury. Sound treasury management utilizes the right financial products and tools for minimizing risk. The course examines alternative strategies and techniques that can be employed to manage the risks associated with international business transactions and other treasury operations. It also provides an overview of the structure and key functions of the treasury.

Learning Objectives
  • To have a contextual appreciation of the changes taking place in the global financial market, the issues facing the corporate financial manager, the development of academic theory and of practice in explaining and managing the financial risk which these changes bring.
  • Understand and conquer the complexities of FX and treasury management
  • Be able to solve integrated and practical treasury problem
  • Identify and evaluate exchange rate risks facing domestic and multinational companies
  • Apply and evaluate alternative methods for managing foreign exchange
  • Be able to use forex derivatives to hedge forex risk
  • Be able to structure the finances of foreign operations
  • Be able to make international capital budgeting decisions
  • Demonstrate the ability to manage cash and liquidity in multinational organisation
  • Be able to make short term investment decisions
  • Be able to use money market instruments, bond market instruments and manage interest risk using derivatives
  • Be able to understand linkages between money market and Forex market
  • Demonstrate understanding of ethical and compliance issues

Only the Members of ICAI and the Students of the Institute who have passed the CA Final Examination (applied for membership) are eligible to pursue this course.

Course Duration

Classes will be for Eight days. (Weekends only)

Saturday and Sunday (10.00 a.m. to 5.00 p.m.)


75% attendance in classes is mandatory for appearing in the exams ie out of 8 classes , participant has to attend minimum 6 classes for appearing in the exam

Professional Credit

The participants to this course will be given 30 CPE Hrs wherein credit of 25 CPE hours will be given after completion of classes and remaining 5 hours will be given after qualifying the exam as per new guidelines.

Evaluation pattern

There will be 2 Papers of 100 marks each for three hours at the end of the course and one Project of 150 marks will be allotted during the class room sessions. The paper will consist of 65% multiple objective type questions and 35% subjective type question. A passing grade is awarded if the candidate obtains 40% marks in each paper and project and 50% in the aggregate.

Paper-1 Chapters 1-6 along with case studies and practical questions 100 Marks
Paper-2 Chapters 7-12 along with case studies and practical questions 100 Marks
Project/s Topic given during sessions 150 Marks
Total 350 Marks

Course Contents

CHAPTER– 1 Treasury – Organisation Structure
CHAPTER– 2 Treasury – Process
CHAPTER– 3 Treasury – Domestic
CHAPTER– 4 Treasury – Forex
CHAPTER– 5 Treasury – Mathematics
CHAPTER– 6 Treasury – Technology

CHAPTER– 7 Treasury – Accounting
CHAPTER – 8 Treasury – Taxation
CHAPTER – 9 Treasury – Types
CHAPTER – 10 Treasury - Risk Management
CHAPTER – 11 Treasury – Regulation, Supervision and Compliance
CHAPTER – 12 Treasury – Auditing

Course Fees

Rs. 17,500/- plus applicable GST * per member (including course material, tea, Lunch etc.) for the complete course. The fees also include examination fee for the first attempt. The candidate who does not appear or fails to clear the examination is required to pay an examination fee of Rs. 2,000/- plus applicable GST in the subsequent attempt. The Course fee can be paid online through ICAI Payment portal.

Registration Form Submission

The Registration form along with course fee has to be sent at the following address:

To Secretary,
Committee on Capital Market and Investors Protection
The Institute of Chartered Accountants of India,
Third Floor, Annexe Building
ICAI Bhawan, New Delhi 110002
Contact Details: 011- 30110473

With Regards,
Chairman to the Committee,
Committee on Capital Market and Investors Protection

Note: Committee reserves the right to change the venue, time, date, pattern and course curriculum.
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