igta2005

IGTA CERTIFIED TREASURER EDUCATIONAL APPROVAL BOARD: 

F. Masquelier R.Raeburn T. van der Nat IGTA meeting – San Francisco November 4, 2005 IGTA CERTIFIED TREASURER EDUCATIONAL APPROVAL BOARD

IGTA EDUCATIONAL APPROVAL BOARD: 

IGTA EDUCATIONAL APPROVAL BOARD SUBMITTING A PROPOSAL PROCEDURE IN PRACTICE THE FIRST CHECKS TESTING AGAINST THE SYLLABUS THE TASK OF THE REFEREES FINAL DECISION EAB SITUATION IN 2010

THE FIRST STEPSUBMITTING A PROPOSAL. : 

THE FIRST STEP SUBMITTING A PROPOSAL. OFFICIAL PROGRAM DOCUMENTATION. OUTLINE CURRIRICULUM. CROSS-REFERENCING AGAINST IGTA SYLLABUS. SHORT NOTE ABOUT LOCAL CONTENTS. THE LOCAL PROGRAM STRUCTURE MAY BE DIFFERENT FROM THE SYLLABUS.

THE FIRST STEPSUBMITTING A PROPOSAL. : 

THE FIRST STEP SUBMITTING A PROPOSAL. MANY ASSOCIATIONS HAVE PROBLEMS IN SUBMITTING A PROPOSAL IN THE RIGHT FORMAT. BUT …THEY ARE PROUD ON THEIR PROGRAM AND FEEL THAT THEY MEET THE IGTA REQUIREMENTS ESPECIALLY MAKING THE CROSS REFERENCE TABLE DELIVERS A PROBLEM. MAIN CAUSES: NO PROFESSIONAL AVAILABLE WHO HAS TIME TO DO THE JOB. MARKETING OF THE PROGRAM IS MORE IMPORTANT IN SHORT TERM PERHAPS..SOME ANXIETY.

THE FIRST STEPSUBMITTING A PROPOSAL. : 

THE FIRST STEP SUBMITTING A PROPOSAL. CONSEQUENCES. PROBABLY SOME ASSOCIATIONS DO NOT SUBMT A PROPOSAL AT. SEVERAL ASSOCIATIONS ONLY SEND THEIR ORIGINAL PROGRAM DESCRIPTION MADE FOR INTERNAL USE OR THEIR BROCHURE, WITHOUT CROSS TABLE AND OTHER DOCUMENTATION. FROM A PROCEDURAL POINT OF VIEW THESE ASSOCIATION HAVE TE BE ASKED AN NEW AND IMPROVED PROPOSAL IN SUCH A SITUATION. HOWEVER THESE ASSOCIATONS DO NOT HAVE CAPACITY TO SUBMIT A BETTER PROPOSAL BECAUSE OF A LACK OF TIME.

PROCEDURE IN PRACTICE. : 

PROCEDURE IN PRACTICE. PROPOSAL CHECK 1: IS FORMAT CORRECT AND IS INFORMATION ADEQUATE. CHECK 2: MARGINAL JUDGEMENT ON FACE: IS CHANCE ON APPROVAL VERY SMALL? JUDGEMENT BY 2 REFEREES FINAL DECISION EAB CONFIRMATION IGTA BOARD INVITATION FOR NEW PROPOSAL OR AMENDMENDS INVITATION FOR NEW PROPOSAL OR AMENDMENDS NEW PROPOSAL NEW PROPOSAL

PROCEDURE IN PRACTICE.: 

PROCEDURE IN PRACTICE. IN THE FIRST STAGE 3 PROGRAMS DID NOT COMPLY WITH THE IGTA FORMAT AT ALL. AFTER SOME TIME THE EAB HAS REWRITTEN THESE PROPOSALS. DISADVANTAGES: TIME CONSUMING AND SLOWING DOWN THE PROCESS MAKING A CROSS TABLE WITHOUT KNOWING THE DETAILS OF ALL COURSES IS DIFFICULT AND MAY DEGENERATE IN A PAPER EXERCISE.

PROCEDURE IN PRACTICE.: 

PROCEDURE IN PRACTICE. BUT ON THE OTHER HAND WITHOUT DOING IT THE WHOLE PROCESS PROBABLY WOULD HAVE BEEN STOPPED. BY MAKING A CROSS TABLE THE SUBMITTING ASSOCIATION WAS FORCED TO HAVE A LOOK TO IT. AND THE MOST IMPORTANT ….ALSO THE CROSS TABLES MADE BY THE EAB CLEARIFIED THE PROGRAM CONSIDERABLY THEY MADE IT POSSIBLE TO DRAW CONCLUSIONS IN THE STAGE OF THE APPROVAL PROCESS.

THE FIRST CHECKS FOCUS ON SUBJECT BREATH ONLY: 

THE FIRST CHECKS FOCUS ON SUBJECT BREATH ONLY QUANTITATIVE METHODS. ECONOMICS AND BANKING SYSTEM. FINANCIAL MARKETS AND PRODUCTS FINANCIAL INFORMATION AND ANALYSIS. CORPORATE FINANCE AND FUNDING. DERIVATIVES.

THE FIRST CHECKS FOCUS ON SUBJECT BREATH ONLY: 

THE FIRST CHECKS FOCUS ON SUBJECT BREATH ONLY RISK MANAGEMENT. CASH MANAGEMENT. TREASURY ORGANISATION AND CONTROL EXTERNAL RELATIONS. LEGAL ISSUES. CORPORATE TAXATION. ACCOUNTING PRACTICE.

THE FIRST CHECKS FOCUS ON SUBJECT BREATH ONLY: 

THE FIRST CHECKS FOCUS ON SUBJECT BREATH ONLY THREE PROGRAMS MISSED ON FACE ESSENTIAL PARTS OF ESSENTIAL TOPICS. P1: TAX P2: RISK MANAGEMENT, CASH MANAGEMENT. P3: CASH MAGEMENT, CORPORATE FINANCE. SUBMITTING THESE PROGRAMS TO THE REFEREES WOULD NOT MAKE ANY SENSE.

THE FIRST CHECKS FOCUS ON SUBJECT BREATH ONLY: 

THE FIRST CHECKS FOCUS ON SUBJECT BREATH ONLY THESE THREE PROGRAMS HAVE BEEN ASKED TO ADD THE MISSING TOPICS IN SOME WAY. ONE PROGRAM ADDED THE TOPIC SELF. TWO PROGRAMS DID NOT AND RECEIVED CONCRETE PROPOSALS AND IDEAS FROM THE EAB. FINALLY TWO OF THE THREE PROGRAMS FULFILLED THE REQUIREMENTS OF THE FIRST CHECK. SO, FINALLY FOUR PROGRAMS WERE READY FOR SUBMITTING TO THE REFEREES.

THE REFEREES INVOLVED: 

THE REFEREES INVOLVED Peter Daniel, manager receivables Slovak Telecom, former vice-dean faculty of finance Matej Bel Universiy Ephraim Clark, professor of finance Middlesex University Arnold Salverda, corporate treasurer Nedlloyd Thore Johnsen, a professor of finance NSEBA Ed Krawitt, group treasurer MEMEC Kalun Tse, the China Europe International Business School (CEIBS) in Shanghai, China.

TESTING AGAINST THE IGTA SYLLABUS. : 

TESTING AGAINST THE IGTA SYLLABUS. ALL TOPICS HAVE TO BE DISCUSSED FROM THE PERSPECTIVE OF A CORPORATE WITH OPERATIONS IN THE UNITED STATES, THE UNITED KINGDOM, THE EUROPEAN UNION AND THE MAIN OTHER REGIONS IN THE WORLD. THE LOCAL ASSSOCIATION IS RESPONSIBLE FOR ADDING LOCAL ISSUES.

TESTING AGAINST THE IGTA SYLLABUS. : 

TESTING AGAINST THE IGTA SYLLABUS. QUANTITATIVE METHODS, EXTERNAL RELATIONS, LEGAL ISSUES: 75 % OTHER TOPICS : 85 % MINIMUM COVERAGE/TOPIC. THE GUIDELINES HAVE TO BE TESTED IN A FLEXIBLE WAY. IN ADDITION NO ELEMENT OF ESSENTIAL TREASURY KNOWLEDGE MAY BE EXCLUDED.

THE TASK OF THE REFEREES.: 

THE TASK OF THE REFEREES. EASY WITH THE HELP OF THE CROSS REFERENCE TABLE A FIRST IMPRESSION CAN BE GAINED QUICKLY DIFFICULT WITHOUT ADDITIONAL INFORMATION GETTING A GOOD JUDGMENT IS NOT SIMPLE WHEN PROGRAM DESCRIPTIONS ARE COMPACT LINKS IN THE CROSS REFERENCE TABLE DO NOT SAY MUCH ESPECIALLY THE ACADEMICIANS FELT UNEASY BECAUSE NO INFORMATION IS GIVEN CONCERNING MANUALS, BOOKS, EXAMS, ETC.

THE TASK OF THE REFEREES.: 

THE TASK OF THE REFEREES. THEREFORE HAVING THE POSSIBILITY TO CHECK A PART OF THE READERS, LITERATURE AND EXAM PAPERS WOULD IMPROVE THE QUALITY OF THE APPROVAL PROCESS ENORMOUSLY. THIS COULD BE A NEXT STEP IN THE FUTURE AFTER BOARD AND ASSOCIATIONS HAVE GAINED SOME EXPERIENCE.

SOME IMPRESSIONS: 

SOME IMPRESSIONS IN GENERAL TERMS ALL PROGRAM HAVE A GOOD QUALITY. SOME PROGRAMS LOOK AS A DERIVATIVE OF FINANCIAL ANALYST’S PROGRAM OR A RISK MANAGEMENT PROGRAM. THE ENTRY LEVEL IS DIFFERENT FROM HIGH SCHOOL TO MASTER. ALL FORMATS ARE DIFFERENT.

SOME IMPRESSIONS: 

SOME IMPRESSIONS THE HARD CORE OF WEAK ITEMS AT MOST PROGRAMS Stock exchange indicators Commoditiy derivatives. Letters of credit Corporate governance Operations research. THE DEPTHNESS OF QUANTITATIVE AND LEGAL ITEMS IS DIFFICULT TO JUDGE

AMENDMENDSFINAL DECISION EAB: 

AMENDMENDS FINAL DECISION EAB BASED ON THE REFEREEE REPORTS 2 PROGRAMS RECEIVED SUGGESTIONS TO ADD TOPICS. P1: DERIVATIVES AND RISK MANAGEMENT. P2: EXPORT FINANCE AFTER HAVING IMPROVED THESE PROGRAMS ALL 4 PROGRAMS SUBMITTED TO THE REFEREES WERE APPROVED BY THE EAB FINALLY THE IGTA BOARD CONFIRMED THIS DECISSION.

APPROVALIN THE FUTURE: 

APPROVAL IN THE FUTURE NEXT YEAR (2006) DECISIONS WILS BE TAKEN IN THE SAME WAY AS IN 2005; WHERE HELP CAN BE OFFERED, IT WILL BE DONE. BUT… IN LATER YEARS IT IS UNAVOIDABLE TO FOLLOW THE PROCEDURES MORE SEVERELY. SUBMITTING THE RIGHT PROPOSALS AND MODYFING THEM IF REQUESTED, IS THE TASK OF THE ASSOCIATION. PROPOSALS MUST BE SUBMITTED IN THE RIGHT FORMAT AND MUST HAVE ENOUGH DETAILS.

SHORT TERM PURPOSES: 

SHORT TERM PURPOSES TO PROMOTE THE EXISTING APPROVAL SCHEME TO STUDENTS AND ASSOCIATIONS TO HELP AND SUPPORT ASSOCIATIONS THAT INTEND TO SUBMIT PROPOSALS. TO MAKE CLEAR THAT REQUESTS FOR RENEWAL MUST BE SUBMITTED IN TIME AND HAVE TO MEET ALL IGTA REQUIREMENTS

LONG TERM PURPOSES: 

LONG TERM PURPOSES TO DEVELOP A MINIMUM STANDARD CONCERNING: THE DEPTH IN WHICH THE MAIN TOPICS HAVE O BE TAUGHT. THE MINIMUM VOLUME (CONTACT HOURS OR OTHER MEASURE IN CASE OF DISTANT LEARNING). EXAMINATION (CONTENTS AND PROCEDURES). TO MAKE AN INFORMAL INVENTARISATION IN HOW FAR APPROVED PROGRAMS MEET THESE STANDARD ALREADY. TO EVOKE A DISCUSSION WITHIN IGTA CONCERNING INTRODUCING SUCH A STANDARD IN THE APPROVAL PROCEDURE

SITUATION IN 2010: 

SITUATION IN 2010 THE FIRST APPROVALS IN THE YEARS 2005 AND 2006 ARE CONSIDERED AS PRODUCTS OF THE PIONEERS PHASE. THE APPROVAL PROCEDURE HAD BEEN DEVELOPED INTO A REAL ACCREDITATION PROCEDURE RESULTING IN MORE THAN 25 ACCREDITATED PROGRAMS. ONLY PROGRAMS WITH A BACHELOR DEGREE AS AN ENTRY LEVEL ARE ACCEPTED. THE ROLE OF THE ACT AS AN ADMINISTOR HAS BEEN TAKEN OVER BY THE NEW HEADQUARTERS OF IGTA IN THE DUTCH CARRIBEAN.