Kleinbart - Learning and Development Solutions

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Fund Accounting


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


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.