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Course Overview
Course Introduction
Course Content Overview
Chapter 1: Hedge Fund Introduction
Hedge Fund: Chapter Introduction
What is Hedge Fund?
Open & Close Ended Fund
Hedge Fund Strategies
Hedge Fund Structures
Fee Structure
Terminologies
Practice Test
Chapter 2: Fund Accounting Overview
Fund Accounting Overview : Chapter Introduction
FA Overview Introduction
FA Process Workflow
Teams dynamic in Hedge Fund Accounting
Practice Test
Chapter 3: Capital Activities
Capital Activities: Chapter Introduction
Opening Capital
Subscription
Redemption
Practice Test
Chapter 4: Non Trade items
Non trade Items: Chapter Introduction
Accrual vs Cash Accounting
Non Trade Accruals
Non Trade Accrual- Accounting Treatment (Expense)
One Time Expense Payment
Practice Test
Chapter 5: Trading Activity
Trading Activity: Chapter Introduction
Component for booking trades
Equity
Bond & Money Market instruments
Option & Future
Forward & FX Option
Repurchase agreements (REPO/Reverse REPO)
SWAPs
Practice Test
Chapter 6: Cash Reconciliation
Cash Reconciliation: Chapter Introduction
Cash Recon Introduction
Cash Balance & Cash Breaks
Settled and Unsettled Cash, FX and OTE balance
Trading Activity & Cash Impact (Incorrect Trade booking)
Month End Cash Reconciliation
Practice Test
Chapter 7: Position Reconciliation
Position Reconciliation Introduction
Introduction
General Checkpoints for Reconciliation
Position Breaks reason: Instrument set up & Equity
Position Break reason: Bond
Lot Relief Methodology
Derivative Positions
Repurchase agreement, Boxed Position, Month End Recon
Practice Test
Chapter 8: Corporate Action
Corporate Action: Chapter Introduction
What is Corporate Action?
General Checkpoints
Cash Dividend, Name Change, Delisting, Stock Split & Reverse Stock Split
Stock Dividend, M&A, Spin-off, Rights issue
CA on Derivatives & Month End
Practice Test
Chapter 9: Income Reconciliation
Income Reconciliation: Chapter Introduction
Introduction & Dividend
Dividend Important Dates
Income Breaks & Dividend Withholding Tax
Accrued Interest
Interest Break Resolution
Income on OTC Instruments & Month End
Practice Test
Chapter 10: Pricing
Pricing: Chapter Introduction
Pricing & Pricing Source
General Checkpoint for Pricing: Stale price, Missing price etc & Month End
Practice Test
Chapter 11: Month End PnL
Month End PnL: Chapter Introduction
Month End PnL Introduction
PnL Classifications
Validating PnL
Month End PnL Summary
Practice Test
Month End PnL Validation Example
Chapter 12: Gross Asset Value (GAV)
Gross Asset Value (GAV): Chapter Introduction
Introduction
Balance Sheet Items
GAV Tie out & Statement Review
Practice Test
Chapter 13: GAV to NAV Process
GAV to NAV Process Introduction
Flowchart - GAV to NAV
Asset based Fee
Admin Fee & Management Fee
Incentive Fee
Example - Management & Incentive Fee
Practice Test
Chapter 14: Investor Allocation
Investor Allocation: Chapter Introduction
Basic Terminologies
Investor Allocation- Example
Investor Allocation Example
Practice Test