Accounting for Hedge Funds

Navigate the complex accounting environment of hedge funds and deliver precise financial reporting. This course explains how to account for diverse investment portfolios, calculate and reconcile net asset value, and properly record investor subscriptions and redemptions. Learn how to manage side pocket investments and address the unique operational and reporting issues funds encounter. Apply specialized guidance to strengthen fund-level controls, improve accuracy, and support transparent, reliable financial statements.
Format

PDF Course

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Duration

1 Hour

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Course Information

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 2025
Program Registration Requirements: Click on the Enroll button 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.

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.