The Fund Accountant: Get Desk Ready in 5 Hours

Name: The Fund Accountant: Get Desk Ready in 5 Hours
Rating: 4.4 (198 reviews)

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

Role Play

Created byICMI LEARNING

Last updated 5/2026

English

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

Course content

8 sections • 50 lectures • 4h 30m total length

Definition of NAV6:15
Subscriptions and Redemptions6:39
NAV Errors and Its Implications3:58
Nav errors from pricing, accounting, data-entry, system, and process issues threaten investor confidence and fund reputation, underscoring the need for rigorous checks.
Key Elements of an Equity Trade7:43
Recognition of Interest Income5:15
Cash Dividends9:15
Fixed and Variable Expenses11:01
Valuation6:02
Calculate a Net Asset Valuation5:40
NAV Pricing Exception & Dividend Accrual Simulation
NAV Investigation Exercise — Pricing & Accrual Review

Fund Accounting for Corporate Actions and CFDs8:13
Stock Dividends5:26
Stock Splits7:02
Takeovers, Mergers & Spinoffs5:58
Explore how takeovers, mergers, and spin-offs affect fund accounting, nav, and market value. See how cash offers, stock-for-share deals, and demergers influence portfolio values with comparable pre- and post-action nav.
Rights Issue4:15
Corporate Action Entitlement & Rights Issue Investigation

Definition of CFDs4:00
Explore the definition of contracts for difference (CFDs) as OTC derivatives that let you speculate on price movements without owning the asset, with initial margin and no expiration.
Equity CFD Terminologies-Long Position1:49
Equity CFD Terminologies-Interest on Margin1:01
Learn how margin interest accrues daily for equity CFD, with a $500k notional position funded by a $400k loan at 2% per day and possible commissions or stock lending fees.
Equity CFD Terminologies-Short Position1:16
CFD Terminologies-Dividends0:43
Equity CFD Terminologies-Resets1:30
Equity CFD Terminologies-Why trade CFDs1:49
Equity CFD Terminologies-Security Master File1:19
Equity CFD Terminologies-CFD Trades1:00
Equity CFD Terminologies-Cost0:26
Explore how equity CFDs incur zero cost and require no payment to hold a position. Learn how collateral payments secure the investment while the cash remains the investor's.
Equity CFD Terminologies-Realized Gains & Losses5:30
Compute realized gains or losses on CFDs by multiplying the CFD count by the opening–closing price difference, with standard, mini, and micro lots and FIFO, LFO, or average cost methods.
Equity CFD Terminologies_Unrealized Gains & Losses0:48
Calculate CFD unrealized gains or losses for nav by multiplying the number of CFDs by the difference between opening and current prices, or since the last reset price.
Equity CFD Terminologies- Pricing1:15

Corporate Actions in CFDs- Dividend in CFDs8:32
Understand how dividend income works for long and short equity CFDs, NAV impact on ex-date, and the verification and tax considerations for CFDs, including index CFDs and dividend adjustments.
Corporate Actions in CFDs-Stock Splits1:55
Corporate Actions in CFDs- Rights Issue2:20
Corporate Actions in CFDs- Resets8:20
Close and reopen CFD positions at the reset date to crystallize realized and unrealized gains or losses. Verify the cash flow supports the fund's NAV, including dividends and interest.

Currency Forwards-Currency Markets5:12
Currency Forwards-Forward Rates6:30
Currency Forwards- Gains and Losses on Currency Forwards9:11
Currency Forwards- Uses of Currency Forwards by Investment Funds6:35
Investment funds use currency forwards to take directional bets on exchange rates and to hedge currency risk, aligning with valuation policies and forward rates.
Currency Forwards- Hedged Share Classes11:16
Explore currency risk for funds when redemption proceeds are paid in a non-base currency and how hedged share classes use forwards to lock rates and stabilize navs.
FX Hedge & Currency Forward Valuation Simulation

Fixed Income Securities- Key Features and Types of Fixed Income Securities10:47
Fixed Income Securities- Long-Term Fixed Income Securities7:57
Fixed Income Securities-Money Market Instruments11:23
Fixed Income Securities- Interest and Valuations8:54
Compute accrued interest and interest receivable for nav by applying daily interest factors across days in the period, using common day count conventions (30 by 360, actual by actual, etc.).
Fixed Income Securities-Interest and Settlements7:04
Bond Valuation & Accrued Interest Simulation

Performance Fees- Interest and Valuations (Part-1)7:18
Performance Fees- Interest and Valuations (Part-2)5:31
Illustrate performance fee calculations using gross asset value, high water mark, and a 20% rate across quarterly periods. Learn how nav and gav interplay in example fund scenarios.
Performance Fees- HWM, Crystallization of Performance fee & Hurdle Rates7:54
Explore high water marks, crystallization of performance fees, and hurdle rates, and learn how NAV movements determine payable fees and fund incentives.
Performance Fees- The Issue with Performance Fees3:48
Performance Fees- Series of Shares Method8:39
Performance Fees- Equalization Credit Method8:27
Performance Fee- Performance Fee Balance Changes3:32
Track performance fee balances across periods using the equalization credit method, calculating EQ and Ed against the high watermark and PFF to ensure fair charges.
Hedge Fund Performance Fee Review

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

Welcome to "The Fund Accountant: Get Desk Ready in 5 Hours," your express route to becoming an integral part of the finance industry. We want to guide you through not only the nuts and bolts of fund accounting but also why it represents a truly lucrative career opportunity.

Why Choose Fund Accounting? Fund accounting isn't just another career path; it's a specialization that commands respect and offers substantial financial rewards. With starting salaries often surpassing those of traditional accounting roles, starting around $60,000 and median figures quickly escalating to $70,000-$80,000, the financial benefits are clear from the get-go. This specialization brings complexity and intrigue, diving deep into investment portfolios, different financial instruments, and regulatory landscapes—making it an intellectually stimulating and financially rewarding career.

Course Highlights & Your Path to Success This course is designed to set you on a successful career path in fund accounting. From mastering the core principles and understanding the crucial role of Net Asset Valuation (NAV) to unraveling the complexities of corporate actions, CFDs, currency forwards, and more, you'll gain a comprehensive overview of what it takes to excel in this field.

Dive into NAV: Learn its components, calculation, and impact, mastering NAV calculations through practical examples.
Corporate Actions & CFDs: Navigate the accounting intricacies of corporate events and Contracts for Difference.
Currency Forwards & Fixed Income Securities: Get a handle on currency markets, and explore the valuation and interest calculations of fixed income securities.
Performance Fees: Delve into performance fee structures and the high water mark principle, learning best practices in fund accounting.

Why This Course? Dive into the world of fund accounting with 'The Fund Accountant: Get Desk Ready in 5 Hours.' Whether you're looking to kickstart or elevate your career, this course promises to be an invaluable part of your journey. Through practical examples and real-world scenarios, you'll apply your knowledge, readying yourself for the dynamic field of fund accounting.

Take this step to not only master the fundamentals but also to open doors to new opportunities in the finance industry. Enroll now and let's embark on this journey together. Let's transform your aspirations into tangible achievements, setting you on a path to not just any career, but one filled with potential, growth, and financial success."

In fund accounting, you're not just an accountant; you're a pivotal part of a team that drives financial decisions and success. So, if you're ready to take that first step into a rewarding and prosperous future, join us. Let "The Fund Accountant: Get Desk Ready in 5 Hours" be your gateway to a fulfilling career in fund accounting.

Who this course is for:

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.

The Fund Accountant: Get Desk Ready in 5 Hours

What you'll learn

Explore related topics

Course content

Net Asset Valuation (NAV)10 lectures • 1hr 2min

Fund Accounting for Corporate Actions and CFDs6 lectures • 31min

CFDs Definition and Terminologies13 lectures • 22min

Corporate Actions in CFDs4 lectures • 21min

Currency Forwards6 lectures • 39min

Fixed Income Securities6 lectures • 46min

Performance Fees8 lectures • 45min

Conclusion2 lectures • 4min

Requirements

Description

Who this course is for: