Course summary
12 hours
1,200 GBP excl. VAT
London, Online courses
Next available date: Online delivery option may be available - Please contact provider. - Online courses
Professional Training

Course description

Fund Accounting

This two-day course is intended to give a comprehensive overview of the technical aspects of accounting for managed funds and their financial instruments. It will cover the statutory reporting of collective investment schemes as well as basic pricing and valuation of securities held in these funds. Existing knowledge of accounting and double entry book keeping is not necessary as this can be covered on the course.

Suitability - Who should attend?

This course will benefit those from investment and commercial banking areas, fund management, as well as those who support these constituencies. It will use a current published set of accounts, and a case study exercise which will task the delegates to create their own set of accounts.

Training Course Content

IntroductionUK GAAPAccounting conceptsIntroduction to International Accounting StandardKey financial statements - overview and format (for a fund)Statement of total return (P & L account)Statement of changes in unit-holders’ net assetsBalance sheetPortfolio statementSummary of material portfolio changesStatutory reporting for a fund - using real set of accountsReports of fund manager, trustee and auditorsAudited annual financial statementsNotes to the accountsStatement of NAV per unit and comparative tableDistribution tableDouble entry bookkeepingTransactions for an investment fund:Accounting for equitiesAccounting for fixed income securitiesAccounting for derivativesAccounting for investment incomeAccounting for fund expensesCase study example of a fundCapital instruments (overview only)Shares – ordinary and preferenceFixed income – FRNs and types of bondsHybrids – warrants and ADRsDerivativesCorporate actions and their accounting treatmentAccounting standards on financial instruments (overview)IAS 32/39 and IFRS 7Pricing capital instrumentsDiscounted cash flowsNAVNRVReplacement costEPSP/E ratioDividend yield

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About provider

BPP Professional Education

BPP Professional Education -  Accountancy, Tax, Financial Services, Law & Insolvency Courses

BPP Professional Education is one of the specialist examination-based and professional development training arm of the BPP Group, Europe's biggest professional education and publishing provider with 2,000 staff members across 40 countries and over 30,000 students per year. BPP Professional Education...

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BPP Professional Education

3 London Wall Buildings
EC2M 5PD London

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