Accounting for Hedge Funds (CPE Course)

CPE Credit: 1 hour

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $15

Course Description
A hedge fund has a number of unique operating and reporting characteristics that present special challenges for the accountant. In the Accounting for Hedge Funds course, we discuss how to deal with these challenges – including the proper accounting for a fund’s investment portfolio, how to calculate and reconcile net asset value, account for investor transactions, and deal with side pocket investments.

Author: Steven Bragg

Course Number: AC1143

Learning Objectives

  • Recall the types of legal structures used in a hedge fund.

  • Identify the reasons why the net asset value concept is used in a hedge fund.

  • Specify the situations in which hedge fund asset values can be difficult to obtain.

  • Specify the accounting for a hedge fund’s portfolio of investments.

  • Recall how management and incentive fees are calculated in a hedge fund.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Latest Review Date: February 2024

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

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AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.