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Fund Accounting Basics
Fund Accounting, Net Asset Value (NAV)
Created byZara Roy
Last updated 3/2024
English
What you'll learn
- Learn the purpose of a Fund and its different types
- Understand the role of a Fund Manager
- How to calculate the Net Asset Value (NAV)
- Know the components of the NAV
- Tell the difference between Subscriptions & Redemptions
- Learn all about Swing Pricing and how a Fund Managers applies it
- Perform calculations to identify if swinging is required
- Differentiate between different types of trading securities
- How to record a trade
- Learn the basics of Derivatives and their types
- Know how to apply Accrual Basis method
- Learn about a Fund's Expenses
- Calculate the Total Expense Ratio (TER)
- Learn about Distributions and Equalisation
- Identify factors which could impact the NAV
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Course content
10 sections • 16 lectures • 2h 1m total length
Requirements
- There are no specific prerequisites for starting this training as it is designed for absolute beginners.
Description
This course provides an introduction to the principles and practices of fund accounting, a specialised form of accounting used entities that manage funds.
Students will learn the basics of fund accounting, including what is a fund, the different types of funds, the role of a fund manager, how the fund is valued using the Net Asset Value (NAV), the components that make up the NAV, what are the typical expenses of a fund, how the fund distributes its income and how this NAV is impacted by the various factors.
In this course, the definitions are followed by examples, this is to ensure the students fully and practically understand the theory explained.
Upon completion of the course, students will gain an understanding of the fundamentals of fund accounting and be able to apply their knowledge to real-world scenarios.
Course format - This is an online course that is self-paced, with no live sessions. The course consists of video lectures and mini tests to help students apply their knowledge. The answers for the mini tests are made available for the student to refer to upon completion of each test. Students can access the course materials at any time and can complete the course at their own pace.
Who this course is for:
- Whether you are looking to work as a Fund Accountant or just interested in Fund Accounting, this course is ideal for you as it provide you with all the basics you need to know about a Fund and how it’s valued in the Fund Accounting world.