| Category |
Investment Funds |
| Description |
Fund accounting is an essential activity in the fund industry, since it is the process
through which the net asset value (NAV) of a fund is calculated. But fund accounting
can be very complex, depending on the type of fund and how it approaches fund
accounting. This course describes the fundamental concepts and methods of fund
accounting and provides participants with the knowledge and skills that are needed
to become a fund accountant. The course is very practical and includes numerous
exercises. |
| Content |
Fund accounting vs. corporate accounting
Basic principles of fund accounting
How to calculate a NAV
Assets and liabilities in a fund; expenses and revenues
Accounting for capital transactions: Subscriptions, redemptions
Accounting for portfolio transactions: Debt instruments, equities, derivatives
Accounting for cash deposits
Accounting for expenses and revenues: Interest, realised/unrealised gains and losses, fees, other expenses and revenues
Depreciation and amortisation
Valuation of a fund portfolio
Impact of corporate actions on a NAV
Impact of accounting standards on fund accounting (e.g., GAAP, IAS and IFRS)
Risk issues relating to fund accounting
|
| Audience |
up to 12 participants |
| Duration |
2
days |
