brainlythoughts.in

Brainly Thoughts
Menu
+917670834371​
Youtube Instagram Facebook Linkedin

Our Curriculum

An Invitation to the Aspiring​

Fund Accounting

This curated program is a clarion call to those with the determination to build a formidable career in finance. We welcome:

  • Chartered Accountants & Finalists (CA, CA-Inter) 
  • Cost and Management Accountants & Finalists (CMA, CMA-Inter)
  • Company Secretaries (CS) 
  • Graduates and Post-Graduates in Commerce & Business (BCOM, BBA, MBA, MCOM, PGDM)

Program Overview

A Commitment to Excellence

This comprehensive online program provides a deep dive into the world of fund accounting and investment banking. You will learn the core principles that govern different fund structures, understand complex financial instruments, and master the day-to-day operations of asset management companies (AMCs) and fund administrators. The curriculum is designed to give you a complete, real time training on fund accounting and investment banking.

Detailed Curriculum

Module 1: The Private Equity
Fund Accounting
  • Overview of Fund Accounting
  • Fund Accounting vs. Corporate Accounting
  • Private Equity (PE) Overview
  • Private Equity vs. Mutual Fund
  • Parties in Private Equity
  • Life Cycle of a Private Equity Fund
  • Launch of a Private Equity Fund
  • Partners in a Private Equity Fund
  • Structure of a Private Equity Fund (Master, Feeder & Blocker)
  • Limited Partnership Agreement (LPA)
  • Closes in Private Equity
  • Investor Cash Flows in Private Equity
  • Key Terms in Investor Cash Flows (Commitment, Capital Call & Distribution)
  • Management Fee
  • Waterfall in Private Equity
  • Clawback & Dry Powder
  • Journal Entries in Private Equity Fund Accounting
  • Investment Strategies in Private Equity
  • Valuation of Investments at periodic Intervals
  • Financial Reporting in Private Equity
  • Terms Related to Financial Reporting
  • Financial Ratios in Private Equity
  • Equalisation and Rebalancing in Private Equity
  • Differences Between Open-Ended and Closed-Ended Funds
  • Interval Funds
Module 2: Mutual Funds
Mutual Funds
  • Concept of Mutual Funds, Structure, Sponsors.
  • Board of Trustees, Mutual Fund Trust, Asset Management Company.
  • Structure of AMC, NAV Calculations, Expense Ratio.
  • Entry and Exit loads, Open-ended and Closed-ended Funds.
  • Direct plans and Regular plans, NFO.

  • Journal Entries in Mutual Funds.

Module 3: Hedge Funds
hedge Funds
  • Basics of Hedge Funds.
  • Strategies used in Hedge Funds.
  • Incentive fees / Performance fees.
  • Equalisation.
  • Side Pocketing.
  • Mortgage backed Securities.
  • Asset Backed Securities.
  • Credit Default Swaps.
  • Contract for differences.
  • Fund of Funds.
Module 4: Corporate Actions
Corporate Actions

  • Mandatory, voluntary Corporate Actions.

  • Dividends (Interim Dividend, Final Dividend, Dividend Yield, Payout Ratio).

  • Record date, Exdividend date.

  • Impact of Dividend issue on Stock Price.

  • Bonus Issue (cumBonus, ExBonus, ExBonus date).

  • Impact of Bonus Issue.

  • Stock Split (forward stock split and Reverse).

  • Impact of Stock Split.

  • Rights Issue, Impact of Rights Issue.

  • Buy Back, Types of Buy Back, Tender offer, Market price Buy Back.

  • Impact of Buy Back.

  • Mergers and Demergers, Acquisitions.

  • Journal Entries in Corporate Actions.

Module 5: Derivatives
Derivatives
  • Understanding Basics of Derivatives.
  • Forward Contract, Future Contract, and Option Contract. 
  • Difference Between Forwards, Futures, Options.
  • Terminology in Derivatives (Spot Price, Exercise Price, Option Premium, Holder, Writer, in the money, at the Money, out of the Money.
  • Initial Margin, Maintenance Margin, Mark to Market.
  •  Differences Between Call Option and Put Option.
  • Cash Market and Derivative Market.
  • Currency Derivatives, Equity Derivatives.
  • Swaps, Interest Rate Swaps, Currency Swaps, Equity Swaps
  • Purpose of Derivatives, Derivative Risks.
  • Derivative Strategies, Pricing of Derivatives.
Module 6: Capital Markets
Capital Markets
  • Basics of Capital Market, types of Markets.
  • Participants, Instruments traded, Stock Exchanges
  • IPO, FPO, private placements, QIP.
  • Market Intermediaries, Market Risks
  • Transfer Agency, Custodian, Depositories.
  • Structure of Capital Mantels
Module 7: Fund Accounting Software
Fund Accounting Software
  • We train how to use eFront, PEO, and Investran & Geneva for reporting software.
Module 8: Excel Functions
Excel Functions
  • Advance Excel Functions:
  • Index, Match, If Error, x look up, Find, Length.
  • Utilizing advanced Excel functions (VLOOKUP, SUMIF, COUNTIF, Conditional formatting & Pivot Tables,) for data analysis and reporting.
  • Basic Excel Functions:
  • Sum, Average, Min / Man, Count, if, Trim, Concatenate, Copy Paste.

Practical Training

  • Accounting of Unrealized gain or loss upon valuation of Investments
  • Admin fee Calculation
  • Capital call tracker preparation
  • Distribution Schedule Preparation
  • Management fee Calculation
  • Carry and Catch-up Calculation (Waterfall)
  • Gross & Net IRR calculation
  • Training on how financial line items reflect on the five primary financial statements i.e.., on Balance sheet, Schedule of Investments, Income Statement, Statement of changes in partners’ capital and cash flow statement.
  • Cash reconciliation, Position reconciliation & Trade reconciliation.
  • Training on how to deliver quarterly NAV’s (NAV Package)
  • Training on basic view of how the corporate actions reflect on Fund.
  • Training on fund accounting software’s such as eFront, PEO, and Investran for reporting fund transactions and extracting reports
  • Training on Utilizing advanced Excel functions (VLOOKUP, SUMIF, COUNTIF, Conditional formatting & Pivot Tables,) for data analysis and reporting.