Featured Course
Introduction to Fund Accounting
Duration: 90 Minutes (2.00pm GMT Thursday 22nd March 2012)
Course Overview
At the end of this online session participants will be able to
- Describe the respective roles of the investment manager, the administrator, the trustee, custodian and prime broker
- Describe the net asset valuation (NAV) cycle
- Explain the significance of accrual accounting and trade date accounting
- Account for subscriptions and redemptions
- Account for equity trades
- Account for dividends and interest
- Calculate and account for fixed and variable fund expenses
- Produce a basic profit & loss account and balance sheet
- Complete a basic net asset valuation (NAV) calculation
- Discuss the importance of controls in fund accounting
Course Content
- Industry overview
- Types of investment funds
- Roles and responsibilities of the manager, the administrator, the trustee, the custodian, the prime broker
- Investments – Equities ^
- The NAV Cycle
- Subscriptions & Redemptions
- Equity trades
- Income
- Dividends
- Interest
- Expenses
- Fixed
- Variable
- Multiple class funds
- Pricing & Market value
- Fund accounting concepts
- Trade date accounting
- Accrual accounting
- Balance Sheet
- Profit & Loss Account
- NAV calculation
- Controls
- Reconciliations
- Pricing controls
- Measuring impact on the NAV
- Implications of NAV errors
^ Fixed income securities and derivatives are NOT covered in this session. Refer to the full course list.
Who should attend?
New or recent recruits to fund accounting.
No previous knowledge is required.
Organisation types: fund administration, investment management, trustee.
FOR FURTHER DETAILS: email (JavaScript must be enabled to view this email address)
