The Accounting for Hedge Funds self-study CPE course is meticulously designed to offer tax, accounting, and finance professionals a thorough grounding in the specific accounting challenges presented by hedge funds. Participants will gain insights into the various legal structures of hedge funds, understand the pivotal role of the net asset value concept, and learn how to address difficulties in obtaining asset values. Additionally, the course delves into the detailed accounting for hedge fund investments, including the calculation of management and incentive fees, providing a clear framework for handling the unique financial dynamics of hedge funds. By completing this self-study CPE course, participants will benefit from enhanced expertise in hedge fund accounting, enabling them to offer specialized accounting support, ensure accurate financial reporting, and contribute to the effective management of hedge fund operations.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recall the types of legal structures used in a hedge fund.
Identify the reasons why the net asset value concept is used in a hedge fund.
Specify the situations in which hedge fund asset values can be difficult to obtain.
Specify the accounting for a hedge fund's portfolio of investments.
Recall how management and incentive fees are calculated in a hedge fund.
Major Topics
Overview of Hedge Funds
Net Asset Value
Accounting for the Portfolio
Accounting for Investor Transaction
Bank Accounts
Hedge Fund Reporting
