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Module Aims
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The course primarily examines the role of the Accounting Agent for a mutual fund. Case studies examining the primary roles and functions of a mutual fund Custodian and Transfer Agent are provided in the syllabus. The case studies are intended to develop student''''s knowledge of the various service partners in the fund industry.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 be examined. Students will be in a position to compare and contrast various financial instruments and their derivatives. Students will understand the components of a daily NAV and factors that influence daily change in a funds capital structure.
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Learning Outcomes
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Students develop a specialised understanding of the accounting and auditing aspects of the mutual fund industry. This includes the ability to calculate the daily NAV., an understanding of the factors that will impact the daily NAV, and an understanding of the basics of financial statements of a mutual fund. Students will develop an understanding of accounting for non-base currencies in a fund and will understand the role of foreign exchange transactions. Students will become familiar with the regulatory framework, to safeguard shareholders, and controls employed to ensure compliance. Students will further develop and improve their understanding of financial instruments, and develop a comprehensive knowledge of all the issues involved in the administration of a fund. Students will be able to track the performance of a mutual fund through their knowledge of various performance indicators. Students will develop their understanding of the terminology and investment strategies detailed in a mutual fund prospectus.
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Indicative Time Allowances
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Hours
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Lectures |
24
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Tutorials |
8
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Laboratories |
0
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Seminars |
0
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Independent Learning Time |
43
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Total |
75
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Placements |
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Assignments |
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NOTE
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Assume that a 5 credit module load represents approximately 75 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module.
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Indicative Syllabus
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No Syllabus added.
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| Assessment | | Continuous Assessment | 0% | Examination Weight | 100% |
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Indicative Reading List
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Central Bank of Ireland, UCITS Notices 1989, Central Bank of Ireland.Fredman, Albert J. & Wiles, Russ, How Mutual funds work, New York Institute of Finance.Mahony, Stephen, A-Z of International Finance, Pitman Publishing.Various Manuals designed by PFPC for case study and accounting conventions.
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Programme or List of Programmes
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| AF | BA in Accounting & Finance |
| BS | Bachelor of Business Studies |
| BSI | Business Studies ( with INTRA ) |
| BSSA | Study Abroad (DCU Business School) |
| BSSAO | Study Abroad (DCU Business School) |
| ECSA | Study Abroad (Engineering & Computing) |
| ECSAO | Study Abroad (Engineering & Computing) |
| HMSA | Study Abroad (Humanities & Soc Science) |
| HMSAO | Study Abroad (Humanities & Soc Science) |
| SHSA | Study Abroad (Science & Health) |
| SHSAO | Study Abroad (Science & Health) |
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