Mastering Fund Accounting

Mastering Fund Accounting - Novice to Pro

Learn everything you need to launch and accelerate your career as Fund Accountant

Wondering how you can grow your career in Investment Operations?

Fund accounting offers a rewarding career path, but mastering it takes dedication. Our proven career program is designed to fast-track your learning, helping you achieve success faster.

Get the roadmap to become the ‘Go-to-SME’ in fund administration

Accelerating your career in fund administration requires end to end knowledge asset classes, corporate action, pricing, valuation, accounting rules and tax laws. Get actionable guidance to become a fund accounting SME.

Gain access to all this domain knowledge and more

Overview of Career as a Fund Accountant

How different investment products work

What are the different types of funds

How accounting for mutual funds, hedge funds are different

Impact of corporate action on investment and fund accounting

End to end fund accounting process from Cap Stock to NAV publication

Importance of Reconciliation in NAV calculation

How In-kind transaction are accounted

How Performance fee and Distribution waterfall calculation work in alternative investments

How to prepare for Fund Accounting interviews

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

This course is for you

If you are someone who is ready to take the next step to move up in your career in the financial services industry, this masterclass is for you.

Reconciliation Associates working in Investment Banking & Fund Services
Accounting graduates who want to launch their career as a fund accountant
MBA Finance graduates who want to work in Hedge Fund and Private Equity firms

What you'll get from this course

70 + Micro-lessons

5 hour-long masterclass broken down into detailed micro-lessons.
10+ Course resources

Over 10 resources full of examples, quiz, interview questions, worksheets, templates, and checklists.
Step-by-step guidance

Get 5 different milestones to focus on in this course with a checklist to help guide you through the steps.

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
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)
1. 3.01 The trade life cycle
2. 3.02 Securities Settlement
3. 3.03 - Failed trades
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.
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. The Business of Private Equity Funds
2. Accounting for Capital calls
3. Private Equity Fees - Management Fees
4. Private Equity Fees - Performance Fee, Waterfall distribution and Claw-back
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 Swap
1. Session 1
2. Session 2
3. Session 3
4. Session 4
5. Session 5
6. Session 6

About this course

$99.00
89 lessons
17 hours of video content