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.
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
People working or planning to work in the fund industry who want to understand fund accounting.