This course is designed to discuss the key aspects of fund accounting from the controller’s perspective while also taking into account the role of the administrator.
Hedge funds are pooled investment vehicles for high net worth individuals (accredited investors), pension plans, foundations, other investment funds, etc.
Hedge funds invest in a diverse range of markets, investment instruments, and strategies. They are privately owned and operated but subject to the regulatory restrictions of their respective countries. The term “hedge fund” refers more to the structure of the investment vehicle, rather than the investing technique.
Hedge fund accounting is the process of: Capturing the activity of the fund The cash/due from broker cycle The trading cycle The capital/share transaction cycle The monthly NAV Cycle The year-end financial reporting cycle Reviewing the information for accuracy and completeness Approving daily, weekly, monthly reporting Reporting information to vested parties Investors Management Traders
Fund accounting is carried out by the controller and the accounting team of the fund.
Fund accounting is also performed by third-party service providers such as fund administrators.
This course is designed to discuss the key aspects of fund accounting from the controller’s perspective while also taking into account the role of the administrator and the reporting requirements under the United States Generally Accepted Accounting Principles. References to the “fund accountant” throughout this course can relate to either the controller or the administrator.
Exclusive Global Authority for Continuing Compliance Education (CCE®); Talent Assessment & Development; Professional Exams; Executive Degree Programs
Regulatory Compliance Authority, Inc. (RCA) is the Exclusive Global Authority for Continuing Compliance Education (CCE®); Talent Assessment & Development; Professional Exams; Executive Degree Programs. RCA’s CCE® (Continuing Compliance Education) Accreditation requires all course materials to satisfy graduate level criteria within each phase of the academic process: Curriculum Development, Instructional Design & Peer Review. Over 30,000 executives use RCA's curriculum to upgrade their knowledge, skills and abilities. Many of these executives use CCE® (Continuing Compliance Education) materials as their primary source of information in order to address a myriad of issues and challenges.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
