Fundamentals of Hedge Fund NAV Accounting (Video) (Course Id 2644)

• Who is this course for?
  This course is intended for anyone needing Continuing Professional Education (CPE), particularly CPAs and accountants with a basic understanding of accounting and security investments.

• What is this course about or what problem does this course solve?
  This course provides an overview of Hedge Funds and explains the fundamentals of Hedge Fund Accounting, including Net Asset Valuation (NAV), portfolio accounting, pricing, and reconciliation.

• How can the knowledge from this course be used?
  The knowledge can be applied by accountants working with or aspiring to work with hedge funds to accurately handle NAV calculations, understand fund structures, and perform essential accounting and reporting functions.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  Understanding hedge fund operations and NAV accounting is crucial for professionals dealing with complex investment structures, ensuring accurate financial reporting and compliance.

• When is this course relevant or timely?
  Released in 2025, this course is relevant for professionals needing current insights into hedge fund accounting practices and seeking to meet ongoing CPE requirements.

• How is a course like this consumed or used?
  This is a video-based QAS self-study course completed online, requiring the participant to review materials and pass a final exam with at least 70% within one year of purchase.

This course offers an overview of what Hedge Funds are, how they operate and what is Hedge Fund Accounting all about. The course offers fundamental knowledge of Net Asset Valuation (NAV) concept, essentials of NAV calculation, NAV accounting 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.

Video - NASBA QAS - NASBA Registry - 2644

Course Learning Objectives

• Explore the definition and broad structure of a Hedge Fund as an investment vehicle
• Recognize fundamentals of accounting issues for Hedge funds
• Explore concept of Net Asset Valuation and steps involved in NAV calculation
• Identify key elements of investments, portfolio accounting, valuation and reconciliation

Chapter 1 - Fundamentals of Hedge Fund NAV Accounting

Chapter 1 Review Questions

Glossary