Module Title: | Fund Accounting |
Language of Instruction: | English |
Teaching & Learning Strategies: |
Formal lectures, group-based activities, class discussion, industry speakers and case studies/scenarios will cover the material and its practical application. |
Module Aim: |
This module introduces students to investment funds and the regulatory and international environment in which they operate in. It provides the students with an
appreciation of the types of transactions handled by a fund accountant including the determination of the Net Asset Value (NAV).
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Learning Outcomes |
On successful completion of this module the learner should be able to: |
LO1 |
Apply accounting entries to reflect subscriptions, redemptions, distributions and fees. |
LO2 |
Account for trades in fixed income securities, money markets and equities with resulting changes to the Net Asset Value and shareholders' equity. |
LO3 |
Appraise the regulatory and legal environment for investment funds, particularly in the
Irish and international context. |
LO4 |
Evaluate how the fund industry operates, the players involved and current issues affecting the fund industry. |
Pre-requisite learning |
Module Recommendations
This is prior learning (or a practical skill) that is recommended before enrolment in this module.
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No recommendations listed |
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. |
No incompatible modules listed |
Co-requisite Modules
|
No Co-requisite modules listed |
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. |
No requirements listed |
Module Content & Assessment
Indicative Content |
Registering an investment fund
Description of investment funds, parties to a fund, types of funds, fund prospectus & documentation, registering new clients..
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Regulation/compliance
Legal and regulatory framework in Ireland , EU and internationally, role of the Central Bank & other industry bodies, fund authorisation process, anti-money laundering (AML) framework, UCITS framework.
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Accounting for daily transactions of the fund
Capital stock, fund fees, equities, fixed income securities & money markets, preparation of the Net Asset Value (NAV) & controls ensuring an accurate NAV.
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Current issues in the fund sector
Ratings agencies, green/ethical funds, islamic funds, role of active versus passive investment, IT in the fund sector, cybersecurity/crime and other current issues.
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Assessment Breakdown | % |
Continuous Assessment | 50.00% |
Project | 50.00% |
Continuous Assessment |
Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
Other |
Class exam |
1,2 |
50.00 |
n/a |
Project |
Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
Project |
Group case study |
3,4 |
50.00 |
n/a |
No End of Module Formal Examination |
Continuous Assessment |
Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
Other |
Class exam |
1,2 |
50.00 |
n/a |
Project |
Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
Project |
Group case study |
3,4 |
50.00 |
n/a |
No End of Module Formal Examination |
SETU Carlow Campus reserves the right to alter the nature and timings of assessment
Module Workload
Workload: Full Time |
Workload Type |
Frequency |
Average Weekly Learner Workload |
Lecture |
12 Weeks per Stage |
3.00 |
Independent Learning |
15 Weeks per Stage |
5.93 |
Total Hours |
125.00 |
Workload: Part Time |
Workload Type |
Frequency |
Average Weekly Learner Workload |
Independent Learning |
15 Weeks per Stage |
2.97 |
Contact Hours |
12 Weeks per Stage |
1.50 |
Total Hours |
62.50 |
Module Delivered In
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