1 CPE Please note that this is a "text-based", not a "video-based" course. The materials are downloaded by the user, read and absorbed, and then the user takes the review and final assessment online at Illumeo as usual, where, once passed, all CPE is tracked and kept for long-term reference.
This course offers an overview of what Hedge Funds are, how they work and what is Hedge Fund Accounting all about. The course offers fundamental knowledge of Net Asset Valuation (NAV) concept, essentials of NAV calculation and reporting process. It describes some useful terms a Hedge Fund Accountant can expect to encounter, basics of portfolio accounting, pricing, and reconciliation process. The course briefly discusses a fund’s income and expenses, and their impact on NAV. Finally, the course offers a bird’s eye view of hedge fund structures, fees, and basic investors’ capital activities.
Review Questions and Final Exam are completed under section "Review and Test".
Learning Objectives
- Explore and understand the definition and broad structure of a Hedge Fund as an investment vehicle.
- Recognize fundamentals of accounting issues for Hedge funds.
- Discover and understand concept of Net Asset Valuation and steps involved in NAV calculation.
- Identify key elements of investments, portfolio accounting and valuation.
- 1. Revenue Recognition (ASC Topic 606): Recognize Revenue
- 2. Intangible Economy for Accountants
- 3. Not-for-Profit Financial Statements Part 2
- 4. Key Process Controls – Purchasing (Text Based Course)
- 5. Revenue Recognition (ASC Topic 606): Scenarios For Performance Obligations
- 6. Revenue Recognition - Contract Assessment (Text Based Course)
- 7. GAAP Principles, Assumptions and Considerations
- 8. Yellow Book 1: Government Auditing Standards: Foundation Course Part 1
- 9. Intangible Asset Valuation II - Examples and Appraisal
- 10. Share-Based Payments under IFRS (IFRS 2)
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Prerequisites
No advanced preparation or prerequisites are required for this course.
This lesson is an introductory course and is not meant for in-depth knowledge. For more knowledge, examples, etc., It is recommended to take Other Hedge Fund Accounting courses by Rita Basumallick.
Hedge Fund Accounting: Portfolio Accounting for Hedge Funds (Intermediate)
Fundamentals of Hedge Fund NAV Accounting
Education Provider Information
Course Questions and Answers(2 Questions)
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- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
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Is the investment manager and investment advisor the same person /entity? It's a bit confusing as you speak about the general partner and investment advisor under the title investment manager, with no reference to investment manager.
GP is the Investment Manager. GP gets paid management fees for managing assets for LPs as Investment manager.