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Module Specifications..

Current Academic Year 2023 - 2024

Please note that this information is subject to change.

Module Title Investment Management Services
Module Code AC318
School DCUBS
Module Co-ordinatorSemester 1: Julie Bertz
Semester 2: Julie Bertz
Autumn: Julie Bertz
Module TeachersCaroline McGroary
Karen-Ann Dwyer
Julie Bertz
Neeraj . R Gawade
Sarah Imam
NFQ level 8 Credit Rating 5
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None

The course primarily examines the role of the Accounting Agent for a mutual fund. The course also examines the primary roles and functions of a mutual fund Custodian and Transfer Agent. Students will gain an understanding of the types of transactions handled by a mutual fund accountant and how they effect the daily determination of a fund'’s Net Asset Value( NAV). Selected topics include equity transactions, bond transactions, portfolio appreciation and depreciation, daily income and expense accruals, performance indicators, capital stock and distributions. Foreign currency and non-base currency transactions will also be examined. Students will be in a position to compare and contrast various financial instruments including forwards, options and swaps. Students will gain an understanding of the tax environment in the funds industry. This course is delivered through weekly lectures.

Learning Outcomes

1. Discuss the accounting, auditing, administrative and regulatory aspects of a mutual fund
2. Calculate the daily Net Asset Value(NAV)of funds and assess factors that influence daily change in a fund's capital structure
3. Evaluate foreign exchange transactions and account for non-base currencies in a fund
4. Examine the tax environment in the funds industry.
5. Evaluate investment strategies detailed in a mutual fund prospectus
6. Compare and contrast various financial instruments and their derivatives

Workload Full-time hours per semester
Type Hours Description
Lecture242 hours per week
Independent Study36Lecture preparation
Independent Study40Study for end of semester exam
Independent Study25Completion of excercises, problems & quizzes
Total Workload: 125

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Accounting and Auditing Aspects of the Mutual Fund Industry

Determination of a Fund's Net Asset Value

Accounting for Non-Base Currencies in a Fund

The Role of Foreign Exchange Transactions

The Regulatory Framework of Accounting

Understanding Financial Instruments

Performance Indicators

Investment Strategies in a Mutual Fund

Assessment Breakdown
Continuous Assessment0% Examination Weight100%
Course Work Breakdown
TypeDescription% of totalAssessment Date
Reassessment Requirement Type
Resit arrangements are explained by the following categories;
1 = A resit is available for all components of the module
2 = No resit is available for 100% continuous assessment module
3 = No resit is available for the continuous assessment component
This module is category 1
Indicative Reading List

  • Central Bank of Ireland: 0, UCITS Notices 1989, Central Bank of Ireland,
  • Albert, J. & Wiles, R.: 0, How Mutual Funds Work, New York Institute of Finance,
  • Mahony, S: 0, AZ of International Finance, Pitman,
  • KPMG: 0, Student Manuals Prepared by KPMG,
Other Resources

Programme or List of Programmes
AFBA in Accounting and Finance
BSBachelor of Business Studies
BSEBachelor of Business Studies (Exchange)
BSIBusiness Studies ( with INTRA )
BSSAStudy Abroad (DCU Business School)
BSSAOStudy Abroad (DCU Business School)
SHSAStudy Abroad (Science & Health)
Date of Last Revision06-OCT-09

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