Fund Accounting & Administration Program

A comprehensive program covering the financial, operational, and reporting aspects of investment funds — including Mutual, Hedge, Private Equity, and Real Estate Funds — designed to prepare learners for global fund administration and financial reporting roles.

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Course Details
Program Duration

160 Hours (4 Courses × 40 Hours Each)

Mode

Online / Hybrid

Assessment

Internal Evaluation + Practical Simulations

Overview

The Fund Accounting and Administration Program is a comprehensive learning pathway that introduces students to the financial, operational, and reporting aspects of investment funds. It covers Mutual Fund Accounting, Hedge Fund Accounting, Private Equity, and Real Estate Fund Accounting — offering an end-to-end understanding of fund structures, NAV computation, and compliance processes used globally.

This program is ideal for learners aspiring to enter the fields of fund administration, investment banking operations, and financial reporting. It integrates theoretical learning with Excel-based simulations, system exposure, and practical case studies to prepare students for real-world fund operations roles.

Fund Accounting & Administration Program

Program Structure

class="The curriculum is divided into four specialized courses designed to provide job-ready expertise across different fund types."

Course 1: Basics of Fund Accounting & Mutual Fund Accounting

Objective:

To build foundational knowledge of fund accounting principles, mutual fund operations, and NAV calculation.

Key Learning Modules:

  • Introduction to Fund Accounting – Differences between fund and corporate accounting, fund structures, journal entries, and participants (AMC, Custodian, Trustee).
  • Financial Instruments & Valuation – Understanding equity, debt and derivatives, corporate actions and mark-to-market valuation.
  • Mutual Fund Operations – NAV cut-off, subscription/redemption processing, SEBI & AMFI guidelines.
  • NAV Calculation & Reconciliation – Excel-based NAV computation, accruals, bond amortization, and reconciliation controls.
  • Financial Reporting & Controls – IFRS vs US GAAP, audit procedures, and reporting systems (Multifonds, Sungard, MFund).

Outcome:

Learners will be able to calculate daily NAV, reconcile accounts, and prepare fund-level financial statements.

Course 2: Hedge Fund Accounting

Objective:

To provide an understanding of hedge fund structures, strategies, and complex fee models.

Key Learning Modules:

  • Hedge Fund Overview – Master-feeder structures, investor accounting, and hedge fund strategies (Long/Short, Global Macro, Event-Driven).
  • Accounting Foundation – Management and performance fee models, hurdle rate, and high-water mark calculations.
  • Valuation & NAV Preparation – Handling illiquid instruments, fair value measurements (ASC 820 / IFRS 13), and side pockets.
  • Investor Reporting – Profit/loss allocation, equalization concepts, and capital account reporting.
  • Systems & Audit – Systems exposure: Geneva, Enfusion, EZE; audit readiness and NAV error case studies.

Outcome:

Learners gain technical and practical skills to handle hedge fund accounting and investor reporting in global fund operations.

Course 3: Private Equity Fund Accounting

Objective:

To train learners on capital management, carried interest, and performance metrics for private equity funds.

Key Learning Modules:

  • Fund Lifecycle & Structure – GP/LP model, documentation (LPA, PPM), and stages from fundraising to exit.
  • Capital Calls & Distributions – Drawdowns, commitments, reconciliations, and investor communications.
  • Waterfall Models & Carried Interest – Preferred returns, hurdle rate, and IRR calculations using Excel simulations.
  • Valuation & Reporting – Fair value hierarchy, DCF and comparable models, deal-level reporting.
  • Audit & Compliance – System tools like Investran and eFront, audit trails, and investor query management.

Outcome:

Learners acquire advanced knowledge of PE fund structures and the ability to prepare investor capital statements and waterfall calculations.

Course 4: Real Estate Fund Accounting

Objective:

To provide accounting and reporting expertise for Real Estate Investment Trusts (REITs) and real estate funds.

Key Learning Modules:

  • Real Estate Fund Structures – REITs, SPVs, and open/closed-end fund models.
  • Property-Level Accounting – Lease accounting, depreciation, rent roll, and CAM reconciliation.
  • Fund-Level NAV & Valuation – NAV components for real estate funds, unrealized gains/losses, and cash flow reconciliation.
  • Performance Metrics – Cap rate, NOI, IRR, FX translation, and consolidation.
  • Reporting & Audit Readiness – Investor reporting under IFRS/US GAAP and exposure to Yardi, MRI, and eFront.

Outcome:

Learners will be able to prepare property-level financials, compute NAV, and perform consolidation reporting for real estate portfolios.

Career Opportunities

Graduates of this program can pursue roles such as:

  • Fund Accountant / NAV Analyst
  • Investment Accounting Associate
  • Private Equity Reporting Analyst
  • Hedge Fund Operations Executive
  • Real Estate Fund Reporting Specialist
  • Financial Reporting & Audit Assistant

Key Benefits

  • Comprehensive exposure to four major fund types
  • Excel-based simulations and hands-on NAV calculations
  • Industry-standard reporting systems (Geneva, Enfusion, Multifonds, Yardi)
  • Globally aligned with IFRS and US GAAP reporting standards
  • Placement support for fund administration and investment operations roles

Ready to Master Fund Accounting & Administration Program?

Launch your global career in fund administration.

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