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16 December 2019

Fund accounting

Category: MASTER COURSE

A two-day workshop giving a comprehensive overview of the technical aspects of accounting for managed funds and their financial instruments.

Who should attend?
Those from investment and commercial banking areas, fund management, as well as those who support these constituencies. The course 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.

What you will gain
A comprehensive overview of the technical aspects of accounting for managed funds and their financial instruments, covering the statutory reporting of collective investment schemes as well as the basic pricing and valuation of securities held in these funds.  Existing knowledge of accounting and double entry book keeping is not necessary as this can be covered on the course.

Programme outline

  • Introduction
  • UK GAAP
  • Accounting concepts: introduction to international accounting standard
  • Key financial statements - overview and format (for a fund): statement of total return (P & L account); statement of changes in unit-holders’ net assets; balance sheet; portfolio statement; summary of material portfolio changes
  • Statutory reporting for a fund - using a real set of accounts: reports of fund manager, trustee and auditors; audited annual financial statements; notes to the accounts; statement of NAV per unit and comparative table; distribution table
  • Double entry bookkeeping - transactions for an investment fund: accounting for equities; accounting for fixed income securities; accounting for derivatives; accounting for investment income; accounting for fund expenses
  • Case study example of a fund 
  • Capital instruments (overview only): shares – ordinary and preference; fixed Income – FRNs and types of bonds; hybrids – warrants and ADRs; derivatives
  • Corporate actions and their accounting treatment 
  • Accounting standards on financial instruments (overview): IAS 32/39 and IFRS 7
  • Pricing capital instruments: discounted cash flows; NAV; NRV; replacement cost; EPS; P/E ratio; dividend yield

The course starts at 9.00am on both days. Lunch and refreshments are included, but not accommodation.
12 CPD hours (where applicable). 

CIMA work in partnership with BPP Professional Education to offer CPD training courses

Booking Information

Date Location Price
16 December 2019 - 09:00 London - two day course Price: GBP 1,200.00
Member price: £1,080. Plus VAT on all prices. Accommodation not included.
3 February 2020 - 09:00 London - two day course Price: GBP 1,200.00
Member price: £1,080. Plus VAT on all prices. Accommodation not included.
6 April 2020 - 09:00 London - two day course Price: GBP 1,200.00
Member price: £1,080. Plus VAT on all prices. Accommodation not included.
29 June 2020 - 09:00 London - two day course Price: GBP 1,200.00
Member price: £1,080. Plus VAT on all prices. Accommodation not included.
5 October 2020 - 09:00 London - two day course Price: GBP 1,200.00
Member price: £1,080. Plus VAT on all prices. Accommodation not included.

Fund accounting

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount.

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: http://www.bpp.com/professional-education/privacy

The information provided to BPP will not be used by BPP for marketing purposes.

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