Fund Accounting:
Concepts, Procedures and Methods

Course Description

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. Through innovation and the appropriate methods, fund administrators can use fund accounting to gain a competitive advantage. fast training offer a range of fund accounting training solutions, appropriately targeted to the needs of your fund accounting staff.

A basic introductory course is available for those who have just started their careers in fund accounting. This course describes the fundamental concepts and methods and covers the essential knowledge and skills that are needed to become a fund accountant. No previous knowledge of fund accounting is required for this course.

The advanced course teaches the more complex issues and topics relevant to the modern world of fund accounting. It provides participants with insight and the perspectives of up-to-date fund accounting professionals. A certain level of knowledge of the fundamentals of anti-money laundering is assumed of those attending this course.

Learning Objectives

The intention of the range of fund accounting courses offered by fast is to ensure that delegates will have a good understanding of a range of the following:

the basic principles of fund accounting including how to calculate a NAV
the diverse components impacting the calculation of a NAV (e.g., fund orders, asset types or changes in portfolio composition)
different methods for calculating NAV’s and how corporate actions impact the NAV
the legal environment surrounding fund accounting
risk issues relating to fund accounting
fund accounting issues related to the use of derivatives in funds
pricing issues arising from new types of financial instruments
unusual fund structures (e.g., hedge funds, master/feeder funds) and their impact on fund accounting
different methods of fund accounting
regulatory issues related to fund accounting (e.g., investment restrictions, exposure controls) and new trends in fund accounting

Target Audience

These courses are adapted to the needs of the participants so no target audience is specified. It is very suitable for all professionals who have been working or currently work in a fund accounting department, as well as financial service professionals from other areas who are involved with investment fund operations. Fund accountants, compliance officers, and people from other areas in the investment fund sector.