Portfolio Accounting for Hedge Funds (Intermediate) (Video) (Course Id 2647)

• Who is this course for?
  This course is designed for CPAs, accountants, and financial professionals seeking Continuing Professional Education (CPE), especially those involved with hedge fund accounting or investment securities.

• What is this course about or what problem does this course solve?
  The course provides a detailed overview of accounting for financial instruments typically traded in hedge funds, helping professionals accurately manage and report on portfolio activities.

• How can the knowledge from this course be used?
  Learners can apply the knowledge to manage hedge fund portfolios, reconcile cash and positions, handle corporate actions, and perform P&L analysis with improved accuracy.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It equips financial professionals with technical accounting skills specific to hedge funds, enabling them to maintain accurate books and adhere to regulatory and reporting standards.

• When is this course relevant or timely?
  This course is especially relevant in 2025, aligning with current hedge fund practices and financial instruments used in today’s investment landscape.

• How is a course like this consumed or used?
  Delivered as a QAS self-study video, the course includes review and final exam questions, allowing participants to study at their own pace and earn 4.0 CPE credits upon passing the exam.

The course offers a comprehensive overview of accounting for financial instruments generally traded in hedge funds. This includes accounting for instruments - Equity, Bonds, Futures & Options, Spot & Forward contracts, and processing of Corporate Actions. The course goes over security set up, reference data, market data for portfolio pricing, reconciliation issues, P&L analysis, Trade Workflow, Position Lifecycle maintenance. The course briefly touches upon concepts necessary for a Hedge Fund Accountant to appreciate, to maintain accurate books of records - Tax lot accounting, Cost Basis, Realized and Unrealized Gain/Loss.

Video - NASBA QAS - NASBA Registry - 2647

Course Learning Objectives

• Explore the definition of commonly traded financial instruments - Equity, Bonds, Futures, Options and Currency Forward contracts.
• Identify static data related to trade processing - security set up, trade economics, trade settlement.
• Recognize unique accounting issues - trade booking, corporate actions.
• Cash and Position reconciliation process.
• Understand P&L reconciliation, identify P&L items on each security type.
• Review some common concepts of portfolio accounting - Tax lot accounting, Inventory Method, Cost basis, Trade date, Settlement date

Chapter 1 - Portfolio Accounting for Hedge Funds (Intermediate)

Chapter 1 Review Questions

Glossary/Index