Certified Fund Accountant Program

Interested in this course? Email us at [email protected]

About the Course

Fund accountants work for fund managers, fund administrators, or custodians and are primarily responsible for all aspects of day-to-day accounting and reporting for funds such as mutual funds, hedge funds, private equity funds, and pension funds. In simple terms, they manage the accounting books used for calculating the NAV (Net Asset Value), financial reporting, and regulatory reporting.

This course is designed to prepare you for a career in Fund Accounting. It integrates theoretical knowledge with practical application, creating a dynamic, hands-on learning experience. The course guides you through the fundamental principles of fund accounting, followed by a step-by-step exploration of their real-world applications in a fund accountant role.

Meet Your Instructor

Ajit has 20+ years of experience working in the Capital Markets Business Operations, IT services and consulting. As a Partner and Practice Head of Wipro Asset & Wealth Management Practice he led a team of 250+ securities and capital markets business analysts and domain consultants. During his tenure at Wipro Ajit has worked on 50+ technology and functional consulting engagements with Custody Banks, Asset Management Firms, Brokerages, and Investment Banks across US and Europe. Ajit holds an Engineering degree with MBA in Finance.

Ajit Nair

Ex Practice Head, Wipro

Course curriculum

1. 1.01 - What is a Fund
2. 1.02 Types of Funds - Based on Subscription Redemption
3. 1.03 Types of Mutual Funds -Based on Investment focus
4. 1.04 Types of Mutual Funds - Based on Fund Structures
5. 1.05 Role of Fund Accountant
6. 1.06 Mutual Fund Accounting V/s Hedge Fund Accounting V/s PE Accounting
7. 1.07 The Mutual Fund Ecosystem
8. Quiz - Market Participants
1. 2.01 Investment Instruments - Equity
2. 2.02 Investment Instruments - Fixed Income
3. 2.03 Investment Instruments - MBS / ABS
4. 2.04 Market Price and Valuation - EQ and FI
5. 2.05 Fixed Income day count convention
6. 2.06 Investment Instruments ( Exchange Traded Derivatives)
7. Quiz - Investment Instruments
1. 3.01 The trade life cycle
2. 3.02 Securities Settlement
3. 3.03 - Failed trades
4. Quiz - Trade lifecycle
1. 4.01 Topic overview
2. 4.02 What is Corporate Action
3. 4.03 Corporate Action event announcements
4. 4.04 Why companies announce corporate action?
5. 4.05 Corporate Action event types
6. 4.06 Key dates in corporate action event processing.
7. Quiz - Corporate Action
8. Corporate action events and terminology pdf
1. 5.01 GL categories
2. 5.02 Accounting Equation
3. 5.03 Chart of Accounts
4. 5.04 Double Entry Accounting and Rules of Debits and Credits
5. 5.05 Trial Balance
6. 5.06 Currency Ledgers
7. 5.07 Accrual Basis Accounting
8. 5.08 Mark to Market
1. 6.01 Electronic trade delivery & Automated trade booking
2. 6.02 Trade Booking - Equities
3. 6.03 Trade Booking - Fixed Income (Debt Securities) trade
4. 6.05 Trade cancel and rebook
5. 6.07 Journal Entries - Trade booking , Unrealized gain loss, Trade settlement
1. 7.01 NAV calculation activities overview
2. 7.11 Capstock Activity
3. 7.21 Accounting for Expenses - Fixed Expenses
4. 7.22 Accounting for Expenses - Variable Expenses
5. 7.31 Accounting for Income - Dividend Income
6. 7.32 Accounting for Income - Interest
7. 7.33 Accounting for Income - Income Activities
8. 7.40 Accounting for Corporate Actions
9. 7.41 Valuation of Rights
10. 7.42 - Accounting for Rights and Warrants subscription
11. 7.42 Accounting for Corporate Actions - Bonus , Stock split, Mergers etc
12. 7.51 Fund Distribution
13. 7.61 Trade Review
14. 7.71 Reconciliation - IBOR- ABOR -CBOR Recon, Ledger to Sub Ledger Recon
15. 7.81 Mark to Market (Non Base Securities, Receivables, Payables)
16. 7.82 Pricing and Securities Valuation
17. 7.83 NAV per Share and Balance Sheet
1. Cost Basis Accounting (Tax lot)
2. Bond Amortization and Accretion
3. Mutual Fund Financial Statements
4. Scientific Amortization Pdf
1. Introduction to Reconciliation (Recon 101 and Reconciliation Org design)
2. Recon Process
3. Analyzing Reconciliation Breaks
1. Introduction to Hedge Funds
2. Hedge Fund Structure
3. Hedge Fund Subscription Redemption process
4. Hedge Fund Fees - Management Fees & Performance Fee
5. Crystallization Frequency
6. Concept of Equalization and Equalization Techniques
7. Equalization White paper
8. Hedge Fund Illustrative Financial Statements
9. Interview Questions
1. Comparing Private Equity Funds with Equity Mutual Funds
2. Accounting for Capital calls
3. Private Equity Fees - Management Fees
4. Private Equity Fees - Performance Fee, Waterfall distribution and Claw-back
5. What do PE fund accountants do in a typical quarter?
1. Introduction to derivatives
2. Financial Derivatives and their uses
3. Types of Derivatives - ETD, Cleared and Uncleared derivatives
4. Swaps Trade Life cycle
5. Interest Rate Swaps
6. Currency Swaps
7. Total Return Swaps (Equity Swaps)
8. Credit Default Swaps
1. FA Skills & Activities for Resume

About this course

$149.00
90 lessons
20.5 hours of video content