Fund Administration Essentials Training Series - The NAV Engine: Mastering Fund Valuation and Calculations

Course Description : This course unravels the end-to-end process of Net Asset Value (NAV) calculation, clearly defining the distinct role of fund accounting within an SFC-licensed firm. Participants will gain a practical understanding of the complete NAV workflow, including the essential controls and reconciliation processes that ensure accuracy. The curriculum also clarifies the critical relationship between corporate accounting and fund accounting, providing a holistic view of a fund's financial operations. Please note that this course assumes a basic understanding of fund structures and legal vehicles; participants new to these concepts are encouraged to start with the Course “Fund Structures & Legal Vehicles in Hong Kong”

Audience: This course is ideal for fund industry professionals, including those in operations, compliance, and client services, who need to deepen their understanding of the NAV calculation process. It is also highly suitable for new hires, cross-functional staff, and full-time university students looking to specialize in fund accounting, as well as professionals transitioning from corporate accounting into fund accounting job within an SFC-licensed or fund administration firm

Duration: 2.5-Hour Intensive class

Course Fee : HK$2,500 (Includes coffee, tea, and light pastries served 30 minutes before class, allowing participants to warm up and connect with peers and instructors prior to the start)

Course Material – Hard Copy Only (no softcopy)

Discount : AFA members - 15% off, members of AFA’s partner associations - 10% off, Alumni of HKU Space Fund Administration - 10% off, full-time students – 30% off

Lecturer :  Raymond Chung

Date/Time :  12May (Tue) ,  7:30pm – 10:00pm (7:00pm – 7:30pm light refreshment warm-up session)

Application Deadline : 8 May (Fri) 5pm

Venue  :     11/F, V-Point, 18 Tang Lung Street, Causeway Bay, Hong Kong

Language: The course is taught primarily in English, with Cantonese used as a supplementary language when needed

Class size: A minimum of 5 participants is required to start the course, and the maximum capacity is 10 participants per session

Curriculum :

• Critical Distinction: The High-Level Relationship between Corporate Accounting and Fund Accounting (including partnership accounting)

• The NAV Engine: A step-by-step walkthrough of the calculation process.

• Core Components Deep Dive:

o Trade Capture

o Asset Valuation

o Reconciliation (Cash & Positions)

o Fee calculation (legal, audit, custodian, fund admin, management, performance fee etc)

o Accounting for Expenses, Income, and Dividends

o Handling Corporate Actions

o Final Unit Price Calculation

o NAV controls/best practices

• The Role of Fund Accountant and career growth

Certificate: Upon completion, participants will receive a "Certificate of Attendance" officially issued by AFA.