Overview
The course 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.
This course is awarded in association with Alliance Manchester Business School, the University of Manchester,UK.
Download BrochureLearning Outcomes
On completion of this course, you will be able to:-
- 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.
Course Outline
- 1.1: Introduction
- 1.2: Determining the strategy and legal structure of funds
- 1.3: Selecting fund service providers
- 1.4: Formation of funds
- 1.5: Launching a fund and issuing shares/units to investors
- 1.6: Process for admitting investors into funds
- 1.7: Fund in operation
- 1.8: Limited partnership and private equity lifecycle (virtual classroom)
- 1.9: Illiquid investments
- 1.10: Understanding different fund strategies
- 1.11: Closing a fund
- 1.12: Summary
- 2.1: Financial information for funds
- 2.2: Recording transactions of funds
- 2.3: Understanding, calculating and recording corporate action
- 2.4: Understanding the valuation/NAV of funds
- 2.5: Calculating the NAV of a Fund
- 2.6: Specific considerations when accounting for Limited Partnerships (virtual classroom)
- 2.7: Overview of the practical consideration for real estate transactions
- 2.8: Understanding fund taxation
- 2.9: Summary
