本文发表在 rolia.net 枫下论坛前几天买了本好书，<<Canadian Treasury Management>> by Jeffrey D. Sherman, a comprehensive guide to financial and treasury management in Canada. 偶
会陆续的总结一下宝典里的精华和大家分享。
这本书涵盖的范围很广，包括了Canadian financial markets and banking, business and investment strategies， financial and cash management and treasury and risk management。
Traditional role of treasury:
之前有讲过，通常只有Canadian owned上市大公司才会有完整的treasury部门。The traditional role of treasury is to responsible for access to and the
effective use of financial resources. 所以treasury部门主要会负责以下几个functions:
- Banking and banking relationships
- Cash management
- Working capital management
- Short and long-term borrowing, including capital leases
- Investing excess funds
- Foreign currencies, trade finance and international cash flows
- Risk management and insurance
- Watch the environment (include changes in financial markets and to the regulatory environment, technology used in treasury and the competition)
- Other (eg. M&A due diligence, capital and resource allocation analysis, trade finance, benchmarking studies and consulting, project evaluation, etc.)
除了以上几个主要的functions, 有些公司的treasury部门也会负责sales and income tax compliance and reporting, and income tax planning。偶公司的Treasurer
(偶的LD)就管理着两个部门，treasury and tax。Director of Tax也直接向Treasurer 汇报。
以前不知道，原来“treasury”这个词is derived from the Latin thesaurus which is in turn derived from the Greek thesaurus, meaning a store of treasure.
如果用中文来解释就更简单 - 管理公司金库(财宝)的部门。
Treasury Management Today:
宝典里提到了几个近些年来对treasury manageament有着重大影响的developments。
- Increasing international activity and globalization, which increased the complexity and the skill required to manage and control treasury operations
- Information technology improvements, much of the day-to-day activity is automated and powerful reports are available to managers on a real-time basis
- Renewed focus on corporate governance and company-wide risk management
- Cash forecasting process has evolved from being used to project line of credit needs to an early warning system to anticipate business issues that could affect the business
以前很多人认为，treasury management不过就是dealing with the bankers, arranging wire payments and tracking cash movements。如今的treasury management可不
是那么简单的了。Treasurer, an executive officer, 在公司里有着举足轻重的地位，如果说CFO是CEO的一只左手，那Treasurer就是CFO的左手。
(待续)更多精彩文章及讨论，请光临枫下论坛 rolia.net
会陆续的总结一下宝典里的精华和大家分享。
这本书涵盖的范围很广，包括了Canadian financial markets and banking, business and investment strategies， financial and cash management and treasury and risk management。
Traditional role of treasury:
之前有讲过，通常只有Canadian owned上市大公司才会有完整的treasury部门。The traditional role of treasury is to responsible for access to and the
effective use of financial resources. 所以treasury部门主要会负责以下几个functions:
- Banking and banking relationships
- Cash management
- Working capital management
- Short and long-term borrowing, including capital leases
- Investing excess funds
- Foreign currencies, trade finance and international cash flows
- Risk management and insurance
- Watch the environment (include changes in financial markets and to the regulatory environment, technology used in treasury and the competition)
- Other (eg. M&A due diligence, capital and resource allocation analysis, trade finance, benchmarking studies and consulting, project evaluation, etc.)
除了以上几个主要的functions, 有些公司的treasury部门也会负责sales and income tax compliance and reporting, and income tax planning。偶公司的Treasurer
(偶的LD)就管理着两个部门，treasury and tax。Director of Tax也直接向Treasurer 汇报。
以前不知道，原来“treasury”这个词is derived from the Latin thesaurus which is in turn derived from the Greek thesaurus, meaning a store of treasure.
如果用中文来解释就更简单 - 管理公司金库(财宝)的部门。
Treasury Management Today:
宝典里提到了几个近些年来对treasury manageament有着重大影响的developments。
- Increasing international activity and globalization, which increased the complexity and the skill required to manage and control treasury operations
- Information technology improvements, much of the day-to-day activity is automated and powerful reports are available to managers on a real-time basis
- Renewed focus on corporate governance and company-wide risk management
- Cash forecasting process has evolved from being used to project line of credit needs to an early warning system to anticipate business issues that could affect the business
以前很多人认为，treasury management不过就是dealing with the bankers, arranging wire payments and tracking cash movements。如今的treasury management可不
是那么简单的了。Treasurer, an executive officer, 在公司里有着举足轻重的地位，如果说CFO是CEO的一只左手，那Treasurer就是CFO的左手。
(待续)更多精彩文章及讨论，请光临枫下论坛 rolia.net