Introduction to Accounting

Course Overview

The purpose of this programme is to provide participants with an overview of accounting concepts and why it is important to apply these when accounting for the various securities and transactions types.  Participants will gain an understanding of the accounting concepts and put the theory into practice by working through practical exercises of various transaction types such as security purchases and sales; accruing income and expense, processing cash; pricing securities; calculating and producing the NAV.

Objectives

Demonstrate an understanding of accounting concepts:
Explain Trade date accounting;
Demonstrate an understanding of income & expense accruals;
Explain how to account for underlying fund investments;
Account for fund activity;
Display a working knowledge of all aspects of accounting records to produce an    accurate NAV.

Target Audience

Employees in Fund Administration, Transfer Agency, Shareholder Services, Global Custody, Trustee, Compliance or Risk