Course description
This qualification from our partner organisation CLTI will enable you to develop your knowledge of fund operations, across both accounting and administration and creates a training and education path for fund administrators where there have traditionally been limited training opportunities to evidence knowledge and support career development.
- Demonstrate a detailed understanding of the functions of key parties in a fund and how they meet the needs of stakeholders.
- Understand the lifecycle of different fund structures, including the processes involved in their closure, winding down and/or liquidation.
- Demonstrate awareness of the topical issues surrounding alternative investment funds, fund of funds and debt funds.
- Present a detailed knowledge of fund regulation and be able to interpret and apply Principal Documents, Scheme Particulars and investment restrictions.
- Understand the fundamentals of fund accounting and how to account for specific fund transactions.
- Carry out a range of advanced calculations in relation to a fund, including NAV, GAV, performance fees, and entry and exit charges.
- Calculate earnings per share and the total expense ratio, and use ratios to analyse a set of financial statements.
- Determine the impact of taxation on different fund structures and be able to carry out relevant tax calculations.
Upcoming start dates
Suitability - Who should attend?
This programme is suitable for those who work in fund administration, accounting or another supporting role.
Students of this course typically include:
Fund administrators, Accounting or finance graduates, Accountants, Auditors, Company secretaries, Compliance professionals, Lawyers/Solicitors, Investment managers, Support staff for custodians, banks or trusts.
Outcome / Qualification etc.
This qualification covers the following topics:
- Fund structures, strategies and regulation
- Advanced find accounting and analysis
Course delivery details
The programme is delivered online and will take six months to complete. We recommend that you spend four to six hours per week on private study for the six months prior to the examination.
Enrolment onto this course will include the following:
- access to an online learning platform that contains:
o tailor-made webinars
o e-learning modules
o self-assessment material
o distance learning support - 2 virtual classrooms
- 1 virtual revision session
- examination fees.
The course is assessed by way of a three-hour 45-minute remote and open-book written examination which comprises 20 compulsory multiple-choice questions (each worth 1 mark), a 40 mark compulsory accounting and valuation question, and two 20 mark essay questions chosen from a selection of three questions
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