Simon Thomas
02-15-2009, 01:21 PM
What are the key differences between investment and fund accounting ? I ask this as a chartered accountant (ex ICAEW member) with a keen interest in the subject. I am told that Roger Fishwick knows something about these things!!
Tim Reucroft
02-18-2009, 05:33 PM
One requires valutions, the other requires valuations and unit pricing
Simon Thomas
02-26-2009, 03:55 PM
and what does Roger think?
rfishwick
03-23-2009, 10:44 AM
At its simplest, the end product of Fund Accounting is an NAV (net asset value) of a fund, such as an OEIC or Unit Trust, which is then divided by the number of units in issue to give a unit price. Investors are able to buy or sell units in the fund based on this price. For a normal OEIC or Unit Trust, an NAV is calculated daily, but for other sorts of funds, such as hedge funds, the NAV may only be calculated weekly or monthly.
The end product of Investment Accounting, by contrast, is monthly reporting typically with a standard set of reports being produced for each client