Try a KLDS E-learning course
Fund Accounting
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. 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.
Course 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 the NAV
- Risk issues relating to fund accounting
Duration
2 day for up to 12 participants
Target Audience
People working or planning to work in the fund industry who want to understand fund accounting.