Please note that this is a "text-based", not a "video-based" course. The materials are downloaded by the user, read and absorbed, and then the user takes the review and final assessment online at Illumeo as usual, where, once passed, all CPE is tracked and kept for long-term reference.

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

Review Questions and Final Exam are completed under section "Review and Test".

Learning Objectives
  • Explore and understand the definition and broad structure of a Hedge Fund as an investment vehicle.
  • Recognize fundamentals of accounting issues for Hedge funds.
  • Discover and understand concept of Net Asset Valuation and steps involved in NAV calculation.
  • Identify key elements of investments, portfolio accounting and valuation.
Last updated/reviewed: March 20, 2024
13 Reviews (61 ratings)

Reviews

5
Member's Profile
Great course! Very easy to understand and super helpful in explaining topics that can get a bit complicated and dense.
5
Member's Profile
Excellent course for beginners. Best for people trying to get into investment accounting and security operations.
5
Anonymous Author
Good overview of hedge fund accounting and terms, and description of the basic functions of a hedge fund.
5
Member's Profile
great refresher on the overall information onvhedge fund accounting and Investment Transactions.
5
Anonymous Author
Very helpful. I have reviewed this material before, but it was great to get a refresher on it.
4
Anonymous Author
I have not been involved with Hedge Funds, this did give me some background on the topic.
5
Anonymous Author
A great overview of practical accounting principles! Hard to find anywhere else.
5
Member's Profile
I thoroughly enjoyed this course. It was very informative and easy to follow.
5
Anonymous Author
Good course on hedge fund accounting, it's a lot of questions for only 1 CPE.
5
Member's Profile
Good as a very high lever overview course. Nothing too deep or technical.
5
Anonymous Author
Great overview, clearly covering the basics in an easy to understand way
5
Anonymous Author
Good review of the fundamentals of hedge fund accounting.
5
Member's Profile
very informative lecture even if it's just text-based.
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Prerequisites
Course Complexity:

No advanced preparation or prerequisites are required for this course.

This lesson is an introductory course and is not meant for in-depth knowledge. For more knowledge, examples, etc., It is recommended to take Other Hedge Fund Accounting courses by Rita Basumallick.
Hedge Fund Accounting: Portfolio Accounting for Hedge Funds (Intermediate)
Fundamentals of Hedge Fund NAV Accounting

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Questions and Answers(2 Questions)
There are no questions.         Answers to Frequently Asked Questions (FAQs)
User picture
Anonymous
(CPA) | May 13, 2023

Is the investment manager and investment advisor the same person /entity? It's a bit confusing as you speak about the general partner and investment advisor under the title investment manager, with no reference to investment manager.

Member's Profile
Rita BasuMallick
View Instructor Profile | May 28, 2023

GP is the Investment Manager. GP gets paid management fees for managing assets for LPs as Investment manager.

Instructor for this course
  Course Overview CPE
Course Syllabus
SUPPORTING MATERIAL
  Fundamentals of Hedge Fund Accounting (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam