Background
Investment accounting staff and Managers usually have some accounting training and some investment experience. Rarely are the two areas of accounting and investment formally combined. As a result staff have to pick up processes as they go along. Staff may also lack a coherent view of the whole area.
This course gives a complete overview of the accounting procedures in all the major investment areas: Equities, Fixed Interest, Futures and Options etc with appropriate reference to the current Accounting standards.
This course is not suitable for those seeking an advanced discussion of the accounting issues.
Delegates
Investment accounting and Custodian staff and their supervisors and managers with daily involvement in investment accounting who want a complete overview.
Auditors, both internal and external may also be interested. Delegates will come from life assurance and insurance companies, fund managers, unit trusts, pension funds and other investing institutions.
IT Executives designing or marketing Investment Accounting systems may also find this course useful.
While no specific knowledge is assumed, delegates must have at least 3 months' experience in an investment accounting area. This course is not suitable for those requiring a review of complex problems in the areas covered.
Content
Introduction to accounting and its concepts and the IFRS impact.
Basic accounting practices and terminology.
Investment types and the impact of IAS 32 on the equity/liability equation
From double entry to trial balance & the impact of accounting systems
Types of investment from double entry to trial balance.
Accounting for corporate actions.
Recording investment activity.
Accounting for equity investments including the new hedging rules.
Accounting for fixed interest investments including accruals, accumulations and amortisation.
Accounting for investment income – the capital problem
Accounting of basic derivatives overview including IAS 39
Valuation of investments, the impact of fair value and financial instruments open market values
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