Fund Accounting
This query is : Resolved
03 March 2008
Hi
i would like to know about fund accounting with regard to investment banking firms.....
how it is and where can i get additional information on that
i would like to know about fund accounting with regard to investment banking firms.....
how it is and where can i get additional information on that
06 March 2008
The concept of fund accounting relates more to valuation of asset value of a mutual fund corpus. It includes regular accounting of transactions for arriving at its balance sheet, which are valued to arrive at net asset value (NAV).
As an investor can invest or exit on any day at that day's prevailing NAV, it is critical to work out the net realisable asset value of each day on a much fairer basis. Any under/over provisioning may result in irregularity in the NAV at which investors enter or exit.
This is what makes the concept of fund accounting critical.
As an investor can invest or exit on any day at that day's prevailing NAV, it is critical to work out the net realisable asset value of each day on a much fairer basis. Any under/over provisioning may result in irregularity in the NAV at which investors enter or exit.
This is what makes the concept of fund accounting critical.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
