Certificate in Fund Accounting

Fund Accounting

About Fund Accounting

A fund accounting system keeps track of resources whose usage has been constrained by a contributor, grant authority, governing body, other people or organizations, or by the law. It is employed by governments and nonprofit organizations and places a stronger emphasis on responsibility than profitability.

Why is Fund Accounting important?

Nonprofits may use fund accounting to see exactly how much of their budget goes to various fundraising, program, and operational costs. By doing this, the organization can create more realistic budgets and make sure they have the money they need to keep running in the future.

Who should take the Fund Accounting Exam?

• Finance managers, senior executives, executives
• Accountants seeking to learn new areas of accounting
• Fund managers
• Emerging fund managers
• Individuals seeking to launch real estate funds
• Venture capital principals
• Fund principals

Fund Accounting Certification Course Outline

1. Understand the difference between private equity and hedge funds
2. Learn common fund structures
3. Understand the economics of private equity
4. Comprehend key concepts of private equity accounting
5. Calculate management and performance fee
6. Calculate net asset value (NAV)
7. Understand capital activities in fund accounting
8. Fund's key concepts (i.e. private equity, hedge fund)
9. Difference between private equity and a hedge fund
10. How private equity funds are set up (stand-alone fund, master-feeder, parallel, etc.)
11. Legal entities and preferable jurisdictions
12. Team members and service providers (management, advisory board, attorneys, accountants, fund administrator, custodian, etc.)
13. Key accounting concepts (statement of assets and liabilities, statement of activities, schedule of investments, members/partners equity)
14. Capital activities (capital call ad redemptions)
15. Operating expense schedule
16. Management and performance fees calculation
17. Net asset value calculation