This two-day course is intended to give a comprehensive overview of the accounting for regulated managed funds and their financial instruments. It will cover the statutory reporting of collective investment schemes as well as the pricing and valuation of securities held in these funds. Existing knowledge of basic accounting and double entry bookkeeping is not necessary as this will be covered in the course.
Who is this for?
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 recently published set of accounts, and a case study exercise that will task the delegates to create their own set of accounts.
What will you learn?
- Key statements - overview and format (for a fund)
- Statement of total return (P & L account)
- Statement of changes in unit-holders net assets
- Balance sheet
- Statutory reporting for a fund - using a recently published set of accounts
- Reports of the fund manager, trustee, and auditors
- Audited annual financial statements
- Notes to the accounts
- Statement of NAV per unit and comparative table
- Distribution table
- Transactions for an investment fund
- Accounting for equities
- Accounting for fixed income securities
- Accounting for derivatives
- Accounting for fund expenses
- Case study example of a fund
- Financial instruments (overview only)
- Shares – ordinary and preference
- Fixed income – FRNs and types of bonds
- Hybrids – warrants and ADRs
- Corporate actions and their accounting treatment
- Accounting standards on financial instruments (overview)
- IFRS 9
- Valuing capital instruments
- Discounted cash flows
Upcoming start dates
8 April, 2024
- Self-Paced Online
4 November, 2024
- Self-Paced Online
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