Introduction to Fund Accounting
An introduction to fund activity, related accounting and the net asset valuation (NAV calculation) for open-ended investment funds.
Single User
€19
Single User Discounts
- Purchase 2 get 10% discount
- Purchase 3 get 15% discount
- Purchase 4 get 20% discount
- Purchase 5 get 25% discount
- Purchase 6 or more get 30% discount
8 Training Videos
- Fund Accounting Overview (7 mins)
- Capital Activity (7 mins)
- Portfolio Activity (9 mins)
- Interest Income (6 mins)
- Cash Dividends (8 mins)
- Expenses (10 mins)
- Pricing (6 mins)
- Net Asset Valuations (6 mins)
Details
- Prepared By Alan Farrell
- Duration 64 minutes
- CPD/CPE Credits 1.0
- Contents 8 Videos | Documents | Test
Who is this For?
New or recent recruits to fund accounting. Previous knowledge is not required but a basic understanding of how funds operate would be of benefit.
Learning Outcomes
At the end of the Introduction to Fund Accounting course, participants will be able to
- Describe what is meant by net asset valuation
- Disuss why a NAV is calculated
- Explain what is meant by the NAV cycle
- Describe what is meant by subscriptions and redemptions
- Discuss some of the implications of a NAV error
- Describe the key elements of an equity trade
- Discuss the significance of trade date and settlement date
- Explain how equity positions affect the NAV
- Describe how interest income is recognised by an investment fund
- Discuss the accruals concept
- Calculate interest accruals on cash deposits
- Describe what is meant by a cash dividends
- Explain how cash dividends affect the market price of the share
- Identify when a cash dividend affects the net asset valuation of a fund
- Describe how fixed and variable expenses are calculated and accrued
- Account for prepaid expenses
- Explain how expenses affect the NAV
- Describe how an investment fund prices the instruments held in the portfolio
- Discuss the key elements of a valuation pricing policy
- Calculate a net asset valuation
Single User
€19
Single User Discounts
- Purchase 2 get 10% discount
- Purchase 3 get 15% discount
- Purchase 4 get 20% discount
- Purchase 5 get 25% discount
- Purchase 6 or more get 30% discount