The unit of study aims to provide students with an understanding of treasury management and the role of financial markets in the corporate treasury function. This unit of study includes the following topics: treasurer's role and policy, fundamentals of treasury management, extent of treasury School responsibility, treasury structure; sources of finance, the corporate debt market in Australia, establishing and maintaining an international credit rating, equity and quasi equity finance, current trends in global financial markets; interest rate exposure management, identification and measurement of crucial risks, risk management strategies, credit risk and establishing credit limits, risk management products, financial futures, options and swaps; cash and liquidity management, principles of asset/liability management, corporate banking relationships; control of treasury operations, impact of accounting and tax regulations on corporate treasury operations.

Unit details

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Credit points:
Unit code:

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Critically review and interpret the rationale, structure, functions, and related risk management of a corporate and bank treasury that responds to both local and global governance;  
  2. Evaluate the importance of liquidity and working capital management for company, the capital markets in funding the corporation and the need for credit ratings in accessing the international & domestic bond markets. This includes the assessment of counterparty risk as relevant to domestic and multinational settings;  
  3. Price, value and use derivatives for hedging and speculating purposes and justify professional decisions to both specialist and non-specialist audiences;  
  4. Debate creative ethical sustainable solutions to financial risk assessment and recommend management principles for managing interest rate risk, foreign exchange risk, and credit risk as relevant to both local and international contexts; and  
  5. Evidence high level personal autonomy and accountability within collaborative decision making activities in achieving ethical and socially responsible team outcomes.  


Melbourne campuses

Students studying under the VU Block Model.

Assessment type Description Grade
Test Test- short answer and practical questions 10%
Test Test- short answer and practical questions 20%
Case Study Group Assignment 20%
Examination Final examination 50%

Other locations

Assessment type Description Grade
Presentation Presentation on report 20%
Report Written report 30%
Report Final report 50%

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

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