Fund Accounting: Practical Guide For Aspiring Professionals

Learn NAV, financial instruments, fund types, and performance fee strategies in fund accounting

What you'll learn

Understand the fundamentals of fund accounting.

Gain knowledge on various financial instruments and their accounting treatments.

Learn how to prepare and analyze financial statements for funds.

Acquire skills in calculating Net Asset Value (NAV) for different types of funds.

Develop expertise in reconciling fund accounts and transactions.

Understand the regulatory environment and compliance requirements for fund accounting.

Learn about the operational aspects of fund management.

Gain insights into risk management and performance measurement in fund accounting.

Understand the process of fund valuation and the impact of market factors

Requirements

The course is designed to be accessible for a wide range of learners, including those new to the field of fund accounting. Therefore, there are no stringent prerequisites or requirements for enrollment.

Learners are only expected to have a basic understanding of financial accounting and market instruments like equity, debt and derivatives and a willingness to engage with the course materials and activities to maximize their learning experience.

Description

Fund Accounting: Practical Guide for Aspiring ProfessionalsDive into the world of fund accounting with our course. Whether you're aiming to kickstart your career, refine your skills, or deepen your understanding, this course covers all bases, from the core principles and the pivotal role of Net Asset Valuation (NAV) to the complexities of corporate actions, CFDs, currency forwards, fixed income securities, and performance fees.Through practical examples and real-world scenarios, you'll not only learn theoretical aspects but also apply your knowledge, equipping you with the skills to excel in the dynamic field of fund accounting. This course promises to be an invaluable resource on your learning journey, whether you're a beginner or an experienced professional looking to specialize.Key Highlights & Syllabus Overview:Fund Accounting Basics: Kick off with the core principles, exploring the definition, purpose, and various types of funds. Understand the legal and regulatory landscape shaping fund accounting.Net Asset Valuation (NAV): Dive deep into NAV, learning its components, calculation, and its pivotal role in fund accounting. Master NAV calculations through practical examples and discover how subscriptions and redemptions impact NAV.Corporate Actions & CFDs: Navigate through the complexities of corporate actions, their types, and the accounting for Contracts for Difference (CFDs). Learn how these events and instruments affect fund accounting and valuation.Currency Forwards: Gain insights into currency markets, spot and forward FX trades, and the strategic use of currency forwards in investment funds. Understand the hedging mechanisms and their implications for fund valuation.Fixed Income Securities: Explore the world of fixed income securities, including their key features, types, and the valuation of these instruments. Get to grips with interest calculations and the role of fixed income securities in fund portfolios.Performance Fees: Delve into the nuances of performance fee structures, calculation methods, and the importance of the high water mark principle. Understand the challenges and best practices in accounting for performance feesTake the first step towards mastering the fundamentals and complexities of fund accounting. Elevate your career, enhance your professional skill set, and open doors to new opportunities in the finance industry. Enroll now in "Fund Accounting: Practical Guide for Aspiring Professionals" and embark on a learning journey that will not only broaden your understanding but also empower you with the expertise to navigate the fund accounting landscape with confidence. Let's turn your aspirations into achievements together!

Overview

Section 1: Net Asset Valuation (NAV)

Lecture 1 Definition of NAV

Lecture 2 Subscriptions and Redemptions

Lecture 3 NAV Errors and Its Implications

Lecture 4 Key Elements of an Equity Trade

Lecture 5 Recognition of Interest Income

Lecture 6 Cash Dividends

Lecture 7 Fixed and Variable Expenses

Lecture 8 Valuation

Lecture 9 Calculate a Net Asset Valuation

Section 2: Fund Accounting for Corporate Actions and CFDs

Lecture 10 Fund Accounting for Corporate Actions and CFDs

Lecture 11 Stock Dividends

Lecture 12 Stock Splits

Lecture 13 Takeovers, Mergers & Spinoffs

Lecture 14 Rights Issue

Section 3: CFDs Definition and Terminologies

Lecture 15 Definition of CFDs

Lecture 16 Equity CFD Terminologies-Long Position

Lecture 17 Equity CFD Terminologies-Interest on Margin

Lecture 18 Equity CFD Terminologies-Short Position

Lecture 19 CFD Terminologies-Dividends

Lecture 20 Equity CFD Terminologies-Resets

Lecture 21 Equity CFD Terminologies-Why trade CFDs

Lecture 22 Equity CFD Terminologies-Security Master File

Lecture 23 Equity CFD Terminologies-CFD Trades

Lecture 24 Equity CFD Terminologies-Cost

Lecture 25 Equity CFD Terminologies-Realized Gains & Losses

Lecture 26 Equity CFD Terminologies_Unrealized Gains & Losses

Lecture 27 Equity CFD Terminologies- Pricing

Section 4: Corporate Actions in CFDs

Lecture 28 Corporate Actions in CFDs- Dividend in CFDs

Lecture 29 Corporate Actions in CFDs-Stock Splits

Lecture 30 Corporate Actions in CFDs- Rights Issue

Lecture 31 Corporate Actions in CFDs- Resets

Section 5: Currency Forwards

Lecture 32 Currency Forwards-Currency Markets

Lecture 33 Currency Forwards-Forward Rates

Lecture 34 Currency Forwards- Gains and Losses on Currency Forwards

Lecture 35 Currency Forwards- Uses of Currency Forwards by Investment Funds

Lecture 36 Currency Forwards- Hedged Share Classes

Section 6: Fixed Income Securities

Lecture 37 Fixed Income Securities- Key Features and Types of Fixed Income Securities

Lecture 38 Fixed Income Securities- Long-Term Fixed Income Securities

Lecture 39 Fixed Income Securities-Money Market Instruments

Lecture 40 Fixed Income Securities- Interest and Valuations

Lecture 41 Fixed Income Securities-Interest and Settlements

Section 7: Performance Fees

Lecture 42 Performance Fees- Interest and Valuations (Part-1)

Lecture 43 Performance Fees- Interest and Valuations (Part-2)

Lecture 44 Performance Fees- HWM, Crystallization of Performance fee & Hurdle Rates

Lecture 45 Performance Fees- The Issue with Performance Fees

Lecture 46 Performance Fees- Series of Shares Method

Lecture 47 Performance Fees- Equalization Credit Method

Lecture 48 Performance Fee- Performance Fee Balance Changes

Section 8: Conclusion

Lecture 49 Conclusion

Beginners interested in pursuing a career in fund accounting or finance.,Finance professionals looking to specialize in fund accounting.,Accountants and auditors seeking to expand their expertise into fund management.,Fund managers and investment professionals aiming to deepen their understanding of fund accounting practices.,Students in finance, accounting, or business administration programs seeking practical skills in fund accounting.,Individuals interested in understanding the financial mechanisms of investment funds for personal or professional reasons.