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In this section we look at the reporting requirements for funds to the various counterparties. The reports are covered, together with key controls and processes for their preparation. Accounting requirements and the main disclosure notes are also discussed. |
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Valuation Preparation & Controls
Delegates: Staff working in valuations, fund accounting & trustee roles
Topics covered include:
- Introduction to securities
- Introduction to basic corporate actions
- Introduction to basic futures & options
- Pricing sources & price types
- Security identifiers
- Valuation of securities *
- Calculation of income
- Creation & cancellation of shares/units in issue
- Calculation of various fees *
- Controls on pricing and trading activity*
- Reconciliations
- Effect of corporate actions on prices
- Effect of distributions on valuation *
- Use of Trial Balance report
* Client specific - information regarding the actual valuation process & control reports in use will make this course more relevant.
Fund Statutory Reporting
Delegates: Staff new to investment fund accounting with some accounting experience
Topics covered include:
- Introduction to statutory statements required
- Recording of trades in both equities and fixed income
securities - Recording of corporate actions including dividends
- Accounting for derivatives
- Accounting for money market instruments including
hedges - Recording of subscriptions and redemptions
- Accounting for income equalisation & distributions
- Notes and disclosures required for statutory
statements - Deadlines for reporting to shareholders and
regulators
