Billings, Mark and Anderson, Malcolm 2010. Corporate treasury in the UK: The rapid creation of a new professional speciality. Presented at: 6th Accounting History International Conference, Wellington, New Zealand, 8-20 August 2010. |
Abstract
A substantial academic literature has accumulated on the development of professions,including the accountancy profession. This paper investigates a related profession, that of the corporate treasurer. Taking the UK as a case study, we trace the progress of corporate treasury from an occupational group to a recognised profession, with its own professional body, The Association of Corporate Treasurers (ACT). Although many of the developmental factors are particular to the UK, many have a relevance to the wider international development of the treasury profession. We explore the development of the role of the corporate treasurer and the professional body, relating these to a number of theoretical perspectives on professionalisation. In particular, we apply Abbott’s System of the Professions framework to examine the emergence and development of the ACT. This analysis examines the close ties between corporate treasury, accountancy and banking and considers why the ACT has evolved as an entity distinct from the UK’s professional accountancy bodies.
Item Type: | Conference or Workshop Item (Paper) |
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Date Type: | Completion |
Status: | Unpublished |
Schools: | Business (Including Economics) |
Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
Uncontrolled Keywords: | reasury; corporate treasurer; corporate finance; financial risk management; Association of Corporate Treasurers |
Related URLs: | |
Last Modified: | 28 Jun 2019 02:21 |
URI: | https://orca.cardiff.ac.uk/id/eprint/43962 |
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