Fund Accounting

Reference: EF - Fund accounting WW

Company

Technical training

Investment Funds

Webinar

2 days

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.

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
Impact of accounting standards on fund accounting (e.g., GAAP, IAS and IFRS)
Risk issues relating to fund accounting

Target Audience

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