× Course by Subject Webinars Self-Study eBooks Certificates Compliance Manager Subscriptions Firm CPE Blog CCHCPELink.com

Fundamentals of Hedge Fund NAV Accounting

Author: Rita BasuMallick

CPE Credit:  2 hours for CPAs

This course offers an overview of what Hedge Funds are, how they operate and what is Hedge Fund Accounting all about. The course offers fundamental knowledge of Net Asset Valuation (NAV) concept, essentials of NAV calculation, NAV accounting and reporting process. It describes some useful terms a Hedge Fund Accountant can expect to encounter, basics of portfolio accounting, pricing, and reconciliation process. The course briefly discusses a fund’s income and expenses, and their impact on NAV. Finally, the course offers a bird’s eye view of hedge fund structures, fees, and basic investors’ capital activities.

Publication Date: May 2021

Topics Covered

  • Overview of Hedge Funds
  • Concept of Net Asset Value
  • Investment Portfolio Accounting
  • Fund Fees — Management fees, performance fees
  • Accounting for Fund Expenses, Fund Structures, and Capital Activities
  • NAV Calculation

Learning Objectives

  • Describe the definition and broad structure of a Hedge Fund as an investment vehicle
  • Recognize fundamentals of accounting issues for Hedge funds
  • Recognize the concept of Net Asset Valuation and steps involved in NAV calculation
  • Identify key elements of investments, portfolio accounting, valuation, and reconciliation
  • Identify the value of the Bond Position
  • Describe NAV
  • Recognize when NAV is recognized in various scenarios
  • Differentiate between equity and bonds
  • Recognize true statements about "Par" of a bond
  • Describe accurate statements regarding capital transactions

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
Basic knowledge of Accounting (Journal entries, Trial Balance)and how security investment works.

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $62.00

 Chat — Books Support  
 Offline — CPE Support