International Cash Management Exam Study Guide
WHAT IS THE EXAM FORMAT?
Striving to learn about the role of treasury in International businesses? The certificate in international cash management exam helps to provide comprehensive guidelines to students regarding cash and liquidity as well as the role of finances in international businesses. Liquidity means how you can access your money whenever you need it without any difficulty. All the cash, checkable account, and savings account is included in the diverse term of liquidity. Moving on towards the format of the exam: There are 75 Multiple Choice Questions (MCQs) and the time duration is 90 minutes (1.5 hours).
Out of these 75 MCQs, you need to answer 57 MCQs right in order to achieve the certificate. The test is conducted online. Exam is comparatively easy as compared to the other exams. This exam requires a deep insight into the tips and techniques associated with international cash management.
Since this exam is available online which means that you can start your studies anytime and anywhere you want. The fun part about this is that you can book your exam according to the time that is convenient for you. Yes! You heard that right. This is sort of a “demand exam” which means that you can give this exam when you are ready. Cool, isn’t it?
WHAT ARE THE REQUIREMENTS FOR ELIGIBILTY?
No particular degree is required to appear in this exam. The enrollment procedure isn’t strenuous at all. However, the applicant is expected to have a basic interest in finances and the role of treasury in international businesses as well as the risks and relevance associated with it. You can also take this exam if you are looking to join the cash management role for corporates as well as general financial remits. This test serves as the first step in the staircase of knowledge required for cash and liquidity management. This exam is perfect for bankers, relationship managers, and consultants who deal with the key elements of international cash management.
WHAT IS THE ENROLLMENT PROCEDURE OF EXAM?
No fancy work is required to appear in the exam. All you have to do is to create an account on the official website. This account will give you access to all the important policy and technical updates, dates for exams, career resources, mentoring services.
Go to the website linked below, click on “my account”, enter the required information, and click on “log in”. That’s it! You are done. Easy enough, right?
WHAT IS THE PASSING RATE?
The exam isn’t difficult at all. It is just your first step towards international cash management. It will help you in the several stages of your career. The passing rate for this exam is only 76% meaning that you have to answer at least 57 MCQs correctly out of 75 MCQs to clear the test. Your result and passing score will appear on the screen as soon as you click the submit button.
WHAT IS THE PRICING SYSTEM?
If you want to avail of the award of International Cash Management you have to become a student member of ACT. This membership is valid for 12 months. Certain discount bundles and memberships are also available on the website. It is advisable to thoroughly look at the pricing system mentioned on the website down below:
How much does the exam costs?
The exam cost for this program is mentioned on the website.
Online learning tools and student membership is included in these fees. Discounts are available and the applicants are divided into different categories.
WHAT EXAM IS BASED ON?
This exam program is designed to provide a comprehensive and deep understanding of treasuries associated with international businesses. Cash and liquidity, international cash management tips and tricks the exam are based on that. It is also relevant for the people who are working in financial institutions (FIs). Safe to say that this exam will help you to stand out in the various stages of your career.
HOW MUCH IS THE PREPARING TIME REQUIRED?
The preparation time may vary from individual to individual however according to the experts approximately 150 study hours (three to six months of course completion) is declared as sufficient time for exam preparation.
How to design your own study plan?
Following are some of the guidelines suggested by successful aspirants to help you ace the exam:
UTILIZE THE FACILITY OF LEARNING SUPPORT
Learning support is mentioned on the official website. The fees for this course are included in the enrollment fees. It is highly suggested to access this course and utilize it. A lot of tools, techniques, and knowledge are provided in this course. You can even download the learning content in pdf form and revise it later. “Progress tests” are designed to check and clear your concepts at the end of chapters. “Avail the Online tutors” are also available and you can ask them to guide you on any topic of your choice. This makes it very easy to comprehend the topic properly. “Online Revision Webinars” are conducted for your better evaluation. Post review questions are uploaded on the “Student Discussion Forums” regularly. In addition to this, access to extra tools and resources is also available.
If you join any training center make sure to make your notes attentively. In this way, it will be easier for you to revise before the exam. Make notes from online courses too.
DIVIDE THE COURSE CONTENT
Every chapter of the syllabus is mentioned on the official website. Gather your syllabus and spilt it into smaller and easier parts. This proves to be very helpful. You can compartmentalize the chapters per day or hour as per your convenience.
All the syllabus and important guidelines are available through podcast as well. You can take the advantage of this facility by playing the podcasts whilst doing any other work.
AVAIL STUDENT MEMBERSHIP
Avail student membership to buy learning materials at a reasonable price and to remain aware of all the important updates.
Guidebooks are the most accessible and convenient source of preparation. They are filled with wholesome pieces of advice and hacks that will ensure your 100% success in the exam.
POST CHAPTER REVIEW
Solve review questions given at the end of each chapter for better evaluation.
WHAT TO DO IN FAILING SITUATION?
In case if you have failed the exam, an email will be sent to you notifying you about the failure and further chances. Linking the website down below for your better understanding:
However, the chances of failure are lower because this exam is comparatively easier and the passing rate is low too.
HOW TO MEASURE THE DIFFICULTY OF EXAM?
The exam isn’t strenuous at all. It is designed keeping in mind the comfort of candidates. The award in international cash management is well recognized. Basic interest in treasury, finances, international cash management and learning materials provided on the website can help you clear the exam like a pro.
WHAT ARE THE ALTERNATES OF EXAM?
The award and certificate in the international cash management exam are highly recognized and appreciated in the market. No specific alternates are available for this exam since it acts as a whole. It is advisable to give this exam if you are looking to make a career in international cash management and financial consultant.
HOW MUCH IS THE CERTIFICATE RECOGNIZED?
The award in the international cash management exam helps the applicants to gain knowledge about the treasury and the role of finances in international businesses. This is one of the fastest-growing fields in the world. The qualification provides an in-depth understanding of the world of finance. It also provides practical insight into different tips and techniques associated with international cash management. This is the perfect certificate for you if you want to become a part of the general finance remit.