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DATES & LOCATIONS
FOR THIS 2-DAY EVENT
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Sep 23
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London
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Feb 17
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London
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Background
This unusual course gives a background in Pension Fund Accounting and how the latest changes in accounting are impacting on the calculation of the pension fund reserves. The course covers basic actuarial reserving and includes an analytic approach to the requirement contain in the SORP. This is an increasingly complex area of accounting which continues to demand a thorough knowledge of accounts.
Delegates
Accounting staff with a daily involvement with accounting issues which require a thorough accounting view of the transactions undertaken.
The course concentrates on occupational pension funds and small self administered schemes. The course will examine direct and indirect investment including that for OEICs, Unit Trusts REITs and especially property including the new vehicle REITs.
Delegates should have attended the Accounting for Investment course or have more than 9 months experience to follow this course.
Content
Introduction to Pension Fund Accounting
Valuation concepts, the actuarial principle, reserving and asset allocation
Fixed interest, amortisation, matching accruals, held for sale and to be held to redemption
Conversions and asset switching, Memorandum Accounting
Equity holdings, private shares and unit trusts and OEICS
Principle of income & capital including tax credits and income tax deduction
Foreign income and holdings, double tax credits and systems of taxation reclaims
The use of derivatives in Pension Funds, including Swaps, OTC contracts, embedded derivatives
SORP accounting and the impact of the international provisions
The impact of IAS and IFRS when applied voluntarily
Hedging vs non-Hedging accounting
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