UCIs Fund Accounting - Controlling a Net Asset Value (NAV)

By the end of this course, you will have a good understanding of:

• the principles and provisions of CSSF circular 24/856
• the risk of errors in calculating the NAV of UCIs
• the means of control

The course will end with a practical exercise to help you understand these principles.

• Principles of CSSF circular 24/856
• Risks of error in calculating the NAV of UCIs
  • Linked to the valuation of investments
  • Linked to the accounting treatment of classic and complex transactions
  • Linked to the calculation of fees and commissions
• Means of control
  • Global tools: comparison with benchmark indices, statistical regression, analytical review of the income statement
  • Specific tools: personalized checklist, reconciliation of securities positions and bank accounts, list of open positions, warning report on exchange and stock market prices, control of investment restrictions and policies

At the end of the course, participants can download a certificate of attendance via their House of Training client portal.