Investors Allocation Accounting for Hedge Funds (Video) (Course Id 2646)

• Who is this course for?
  This course is intended for anyone needing Continuing Professional Education (CPE), particularly CPAs and accounting professionals with basic knowledge of accounting and hedge fund NAV accounting.

• What is this course about or what problem does this course solve?
  This course provides a structured overview of hedge fund structures and the process of allocating income to fund investors, addressing the complexity of accounting for investor allocations in hedge funds.

• How can the knowledge from this course be used?
  The knowledge gained can be applied to accurately process economic distribution of income, understand investor share classes, fee structures, capital activities, and side pocket investments within hedge funds.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It equips accounting professionals with essential insights into the technical and structural aspects of hedge fund accounting, ensuring accurate financial reporting and compliance.

• When is this course relevant or timely?
  This course is relevant in 2025, especially for professionals working with or auditing hedge funds, as it provides up-to-date content released in the same year.

• How is a course like this consumed or used?
  The course is delivered as a QAS Self Study video format, completed online with review questions and a final exam, requiring a passing score of 70% for CPE credit.

This course offers an overview of Hedge fund structures, and Income allocation to Fund’s Investors. We will touch upon basic concepts of type of funds, investors, share classes, capital activities, fees structures and step by step approach to process Economic Distribution of Income.

Video - NASBA QAS - NASBA Registry - 2646

Course Learning Objectives

• Explore the definition and broad structure of a Hedge Fund as an investment vehicle.
• Recognize fundamentals of funds set up as different legal entity types.
• Explore concept of ECDI and steps involved in Income allocation to investors.
• Recognize key elements of fees charged to investors.
• Recognize the impact of capital activities on ownership percentages.
• Recognize concept of side pocket investments.

Chapter 1 - Investors Allocation Accounting for Hedge Funds

Chapter 1 Review Questions

Glossary/Index