Preview Mastering Fund Accounting

Section 1: Introduction

Course Introduction

Section 2: Basic Terminologies of Fund Accounting

Basic Terminologies of Fund Accounting Section Introduction

Fund

Custody

Investment Manager

Clients

Fund Accounting

NAV

Base Currency

Practice Test

Section 3: Types of Funds

Types of Funds Section Introduction

Types of Funds Overview

Standalone Fund

Fund of Funds

Multi Manger Fund

Hedge Fund

Master Feeder Fund

Reference: Types of Mutual Funds

Reference: Fund of Funds(FOF) - Part 1

Reference: Fund of Funds(FOF) - Part 2

Practice Test

Section 4: Fund Accounting Life Cycle

Fund Accounting Life Cycle Section Introduction

Entities in Fund Accounting Life Cycle

How Fund Accounting Life Cycle Works

Practice Test

Section 5: Reconciliation

Reconciliation Section Introduction

Reconciliation Overview

Cash Reconciliation

Cash Reconciliation Break: Trade Settlement

Cash Reconciliation Break: Dividend Payment

Cash Reconciliation Break: Withholding Tax & Reclaim

Cash Reconciliation Break: FX Contract

Cash Reconciliation Break: Corporate Action

Stock Reconciliation

Stock Reconciliation Break: Trade Mismatch

Stock Reconciliation Break: Trade Booked for Incorrect Security

Stock Reconciliation Break: Investment Manager Movement

Stock Reconciliation Break: Corporate Actions

Stock Reconciliation Break: Wrong Security Setup

Stock Reconciliation Fund Onboarding

Income Reconciliation

Foreign Currency Contract Reconciliation

Reclaim Reconciliation

Practice Test

Section 6: Trade

Trade Section Introduction

Basics of Trade

Manual Trade Booking

Realised & Unrealised Gain & Loss

NAV Impact Calculation on Missing Trades

Practice Test

Section 7: Income

Income Section Introduction

Income Overview

Dividend Important Dates

Trade Process on, before, after Ex-Date

Example of Trade Processed on Ex-Date

Withholding Tax & Reclaim

Repatriation

Practice Test

Section 8: Bond

Bond Section Introduction

Bond Characteristics

Bond Terminologies

Types of Bond

Accrual Methods for Bond

Amortisation & Accretion

Clean Price & Dirty Price

Practice Test

Section 9: Derivatives

Derivatives Section Introduction

Derivatives Overview

Option Contract

Types of Option Contracts

Forward Contract

Forward Contract Terminologies

Forward Contract Different Scenarios

Future Contract

Mark to Market

Initial Margin & Maintenance Margin

Forward Contract Vs Future Contract

Practice Test

Section 10: Expense

Expense Section Introduction

Expense Overview: Accrual & Payment

Common Expenses of Fund Accounting

Types of Expense

Example of Variable Fee Calculation

Example of Tier Based Variable Fee Calculation

Example of Accrual Vs Payment: Scenario 1

Example of Accrual Vs Payment: Scenario 2

Management Fee Rebate

Prepaid Expense

Practice Test

Section 11: Performance Fee

Performance Fee Section Introduction

Performance Fee Overview

Performance Fee: GAV, NAV & Crystallisation

Hurdle Rate & High Watermark

Equalization

Free Ride & Claw Back

Simple Equlization

Equalisation Factor & Depreciation Deposit

Series of Shares Method

Example of Series of Shares Method

Reference: Hurdle Rate and High Watermark

Practice Test

Section 12: Pricing

Pricing Section Introduction

Pricing & Non Pricing Component

Different Pricing Points

Impact of Pricing

Practice Test

Section 13: Capital Activity

Capital Activity Section Introduction

Capital Activity

Capital Activity: Role of Transfer Agency

Capital Activity: NAV Impact

Practice Test

Section 14: Corporate Action

Corporate Action Section Introduction

Basic of Corporate Action

Corporate Action: Rights

Types of Rights & Intrinsic Price

Rights Period

Corporate Action: Tender Offer

Corporate Action: Bonus Shares

Types of Bonus Share

Corporate Action: Spinoff

Corporate Action: Name Change

Corporate Action Stock Split & Reverse Stock Split

Corporate Action: Mergers & Acquisitions

Advantages & Disadvantages of Mergers & Acquisitions

Types of Mergers & Acquisitions

Fund Accounting Treatment for Mergers & Acquisitions

Difference Between Mergers & Acquisitions

Corporate Action: Warrant

Types of Warrant

Stock Option vs Stock Warrant

Practice Test

Section 15: Journal Entries

Journal Entries Section Introduction

Journal Entries Basic

Journal Entries Case Studies: 1

Journal Entries Case Studies: 2

Journal Entries Case Studies: 3

Journal Entries Case Studies: 4

Journal Entries Case Studies: 5

Practice Test

Preview - Mastering Fund Accounting