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Description

Investment Fund Accounting: Recording, Valuing and Controlling Net Asset Value

Master the bookkeeping and valuation specific to funds in order to produce a reliable net asset value

  • 2 days — 14 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

Accounting for collective investment funds follows a logic of its own, quite distinct from that of trading companies: profit is not the central indicator and everything converges towards the net asset value. Teams coming from general accounting often struggle with the treatment of subscriptions and redemptions, accrued coupons and fees charged on an ongoing basis.

These two days cover the full mechanics: fund-specific chart of accounts, recording of portfolio transactions, unit movements, valuation of instruments and control of the net asset value. Exercises are based on real journal entry patterns and on the checks expected before the NAV is released.

Learning objectives

  • Position the accounting framework specific to collective investment funds
  • Record portfolio transactions and corporate actions
  • Process unit subscriptions and redemptions and their impact on net assets
  • Value the instruments held and calculate accrued income
  • Produce the net asset value and carry out consistency checks before release

What makes this programme different

Journal entry patterns are worked through on a single case-study fund followed across the two days
The net asset value calculation is rebuilt step by step and then tested against a set of anomalies
Cases cover both an equity fund and a bond fund

Programme

1Accounting Framework for Funds

Understanding what sets a fund apart from a company

  • Structure of net assets and the logic of net asset value
  • Chart of accounts specific to funds
  • Frequency of accounting work and allocation of roles
  • Interaction between the management company
  • the valuation agent and the custodian

2Portfolio Transactions

Recording purchases, sales and corporate actions

  • Accounting for purchases and sales including fees and accrued coupons
  • Treatment of dividends
  • coupons and corporate actions
  • Foreign exchange transactions and related hedges
  • Derivative instruments and margin calls

3Liabilities and Unit Movements

Tracking subscriptions, redemptions and fees

  • Accounting for unit subscriptions and redemptions
  • Subscription and redemption fees retained or not retained by the fund
  • Management fees accrued and subsequently adjusted
  • Income distribution and accumulation

4Valuation and NAV Production

Producing a controlled and defensible figure

  • Valuation rules according to the nature of the instruments
  • Illiquid securities and the choice of price sources
  • Net asset value calculation and treatment of rounding
  • Consistency checks
  • discrepancies and the course of action in the event of an error

Who is it for

Fund accountants · middle and back office officers · internal control staff and employees of asset management companies or custodians.

Prerequisites

A sound command of general accounting mechanisms and familiarity with the main financial instruments.

Dates & locations

24 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.