See how many people wait for and watch your videos. It's almost like a course, maybe you'll even make one, it would be great :) Again many thanks for uploads, I've learnt a lot and already feel confident starting my new job :)
TD price - market price. That is how I will calculate right? Let’s say I missed the trade for 3 days so do I need to calculate impact for 3 days separately? A bit confusing. We take TD price- current market price because that will be the missed P&L right? Considering trade not sold yet
As per your example, if the trade is missed for 3 days, then you need to calculate the unrealized gain/loss for these 3 days, then check the BPs impact on the TNA for the same. Hope that answer your doubt. Keep watching.
All the activities we perform in fund going to impact the NAV in some or other way, when we say a corporate action is not impacting NAV, that is only because there is a positive and negative impact which nullify the effect. Keep watching.
Irrespective of frequency of reporting on the date of reporting any gain or loss arised that has to be accounted as unrealised and the price between date of reporting and date of sale has to be considered as Realised gain or loss right.
Hello Mam. I have one doubt if Nav calculation frequency for the fund is weekly and monthly basis and if the security sold out on end of the month then how it will impact the monthly NAV? as we already accounted unrealized gain in weekly NAV
Either the fund will be weekly or it will be monthly NAV. So incase it is a weekly NAV, and the security is sold of at the month end only impact will be from prior valuation to current valuation.
Thanks for the video. If one computes the realized gains by using the current price minus the immediate previous price, how fundamentally wrong is it? Also, where there is a purchase, how do you compute the unrealized gains?
Realized gain if you are calculating for 1 particular day then it should be Current price- prior price. But if you are calculating total realized gain/loss then it should be current price-cost price. Same applies for Buy trade as well. Keep watching.
Month funds: The Fund's NAV is calculated on monthly basis (once in a month). Daily Funds: Fund's NAV is calculated on a daily basis (Everyday). Hope that answer your question.
Hi Mam thanks for sharing valuable information it's really helps I have a doubt regarding it we forgot to book trade for particular day and that unrealized gain/loss for that day and how will it impact nav for that day
If we miss a trade on one day, we will not have the unrealised or realised gain /loss in the fund which should have been there. That will be the NAV impact.
Excel is very important in FA. V-lookup, H-lookup, X-lookup, Pivot , conditional formatting and all different If, sum if formulas are used in daily reconciliation work.
Hello good morning this is a good section I'm hoping for the how a fund accontant will day like baance rolling (TNA, capstock exp accrual income ca trade pricing what parties are involing in each stage pls 🙏 explain it is help to all
Ma'am, Can you please help me to understand, Assume Cost = 10rs Unrealized gain =200rs Realised =20rs Profit =10rs (20-10) right? How do we treat unrealized gain now? And what is the profit?
You can have either unrealized or realized gain, cannot have both on same trade, so with your example, cost is 10, current day price is 20. Number of shares are 20. then your unrealized gain will be 20-10=10/share total unrealized gain is 20*10=200. You will treat this as unrealized gain on trade, which gets nullified with your NAV impact on price movement. Profit on trade will come in place when you sell that security and realized that profit. Hope that answered your question. Keep watching,
Sure. You can follow my channel, I share different concepts of Fund accounting. Also I am building a course on Fund accounting, that will help to understand better about fund accounting. Keep watching.
Just a query, the impact of NAV on the security selling day will not be cost-selling price, rather it should be difference in selling price - prior day mkt price right?
Hello Ma'am, so in second day of example, is is 54 change in cost for current day? Also is 52 closing price from yesterday? Please confirm there is bit confusion like closing price for today's or yesterday's day wise? Also day 1, 52 is closing price from yesterday's, right? Thanks
Cost price will always remain $50, On Day 1 the closing price is $52 and on Day 2 the closing price is $54. Closing price means End of the day price for a particular security, So current day closing price will be next day's opening price. Hope that answer your question. Keep watching.
Unrealized gain and loss is nothing but "Effect of price change on the holdings", so if you have a security in the fund-the daily price movement for that is the unrealized gain loss, that will impact your NAV.
Hi mam - I have many queries related ti different FA concepts. Can you pleaze advise if you have more videos on any other channel as i couldn't find many of my desired concept videos on this channel.
Hello mam I can't understand realised gain on that day how we will account.Till that time we will recognise unrealised gain on daily basis.on the day of sale realised gain (today price - yesterday price) first we should recognise right.
Hi, on the day of sell the current day price will be the selling price. As you are selling it, you will not hold the shares till EOD. Hence as you rightly said it will be today’s price(sell price) minus yesterday’s price. This will be your realised gain/loss which will impact the current day NAV.
Hello ma'am could you please make a video on what questions would be asked for fund accounting interviews and about Fund accounting and balance sheet too plz it's a humble request
I am currently working with various interviewers on Fund accounting interview questions. Probably by this month end I will share video on this. Keep watching.
Hello "The fund accountant"! I'm a qualified Chartered accountant with 1 year of experience in financial reporting, I'm planning for a career switch into IB roles, please share your opinion on this and suggest/refer few companies pls. 😬😬
Hi, Financial reporting and Fund accounting are mostly related. Hence it will be a good decision for you to shift your career from FR to FA. There are many companies like Goldman Sach., Statestreet, SS&C GlobeOp, Apex, Citi, Morgan Stanley, Northern Trust, JP Morgan and multiple other IB hiring fund accountant.
Realised gain loss impact is not right.. I will debit nostro cash account for total sale value , credit cost in book of shares, cr/dr realized gain loss
hello mam,I am a qualified CMA can I eligible to join in fund accounting and can I get good package in as a fund accountant,growth and demand of fund accounting in the market?
Hello, with CMA certification you can join any fund accounting organisation. Fund accounting has immense growth and many companies across India/abroad are now involving in Fund accounting. Hence the opportunity is very high. Companies are also offering good package, if you can negotiate well and your concepts are good.
See how many people wait for and watch your videos. It's almost like a course, maybe you'll even make one, it would be great :) Again many thanks for uploads, I've learnt a lot and already feel confident starting my new job :)
Thank you very much. Your comments are really inspiring. If you find these videos helpful share it with your friends and colleagues. Keep watching.
@@TheFundAccountant love the approach.simple short and to the point.
@@aslam752 Thank you. Keep watching.
Your videos are really helpful, Thank you so much for all your efforts :)
Thank you very much. Keep watching.
Informative video. Really want to see more video relating to fund accounting. Good luck
Hi, Thank you very much. More videos will come. Keep watching.
Thank you for response, if possible please do a video on fund accounting basic journal entries
@@littlehopeodiavlogger9556 I will create a video on Journal entries soon. Keep watching.
Thank you for sharing your knowledge.
If possible could you please also come with such videos wherein you can explain how prepaid exps impact the NAV.
Sure. I will create a video on expense soon. Keep watching.
TD price - market price. That is how I will calculate right? Let’s say I missed the trade for 3 days so do I need to calculate impact for 3 days separately? A bit confusing. We take TD price- current market price because that will be the missed P&L right? Considering trade not sold yet
You will always check the previous valuation price and current valuation proce and calculate the unrealized gain or loss of the asset accordingly.
As per your example, if the trade is missed for 3 days, then you need to calculate the unrealized gain/loss for these 3 days, then check the BPs impact on the TNA for the same. Hope that answer your doubt. Keep watching.
Informative. Could you please help us listing down things impacting and non impacting NAV. like accrual expenses/income impact NAV or not
All the activities we perform in fund going to impact the NAV in some or other way, when we say a corporate action is not impacting NAV, that is only because there is a positive and negative impact which nullify the effect. Keep watching.
Plz make video on loan syndication with some technical terms like commitment fee, delayed compensation etc..
Sure. Keep watching.
Irrespective of frequency of reporting on the date of reporting any gain or loss arised that has to be accounted as unrealised and the price between date of reporting and date of sale has to be considered as Realised gain or loss right.
Informative and Helpful, but the video is not audible
Thank you. Please check once as the audio is working fine for this video. Keep watching.
Very nice videos! Could you also add for share class divergences and FX unrealised
ealized gain/loss?
Hi, Thank you very much. Sure will create videos in upcoming months for the topics you mentioned. Keep watching.
waiting for this video too
Thank you so much for sharing information 👍👍
Welcome. Keep watching.
also inform where in TB the p&l is hitting
Sure. Keep watching.
Thanks for explaining
Thank you. Keep watching.
Hello Mam. I have one doubt if Nav calculation frequency for the fund is weekly and monthly basis and if the security sold out on end of the month then how it will impact the monthly NAV? as we already accounted unrealized gain in weekly NAV
Either the fund will be weekly or it will be monthly NAV. So incase it is a weekly NAV, and the security is sold of at the month end only impact will be from prior valuation to current valuation.
Why do we need to calculate unrealised gain or loss ?
Unrealized gain loss will help to calculate the correct NAV impact. Hope that answer your question. Keep watching.
Hi, I have seen the videos. Could you please help on how to calculate interest on bonds. And how it will impact in NAV of daily EOD reports
I will be creating a video on Bonds. Keep watching.
thank you so much for the explanation.. 👏 👏 👍
Welcome. Keep watching.
Thanks for the video. If one computes the realized gains by using the current price minus the immediate previous price, how fundamentally wrong is it?
Also, where there is a purchase, how do you compute the unrealized gains?
Realized gain if you are calculating for 1 particular day then it should be Current price- prior price. But if you are calculating total realized gain/loss then it should be current price-cost price. Same applies for Buy trade as well. Keep watching.
What will be the journal entries...have you also created a video on it ? If yes can you share the link please
In this video I have given the journal entry details for these transaction. Keep watching.
Hi
Can you please explain, what is monthly fund and daily fund.
Month funds: The Fund's NAV is calculated on monthly basis (once in a month). Daily Funds: Fund's NAV is calculated on a daily basis (Everyday). Hope that answer your question.
Very nice video, thank you
Glad you liked it
Awesome video!!!
Thank you. Keep watching.
Hi Mam thanks for sharing valuable information it's really helps I have a doubt regarding it we forgot to book trade for particular day and that unrealized gain/loss for that day and how will it impact nav for that day
If we miss a trade on one day, we will not have the unrealised or realised gain /loss in the fund which should have been there. That will be the NAV impact.
Madam just explain what are types of nav Calculation?
NAV have only one formula. We have different kinds of Fund structures, but ultimately all falls into same formula to calculate NAV. Keep watching.
What are the excel skills required for fund accountant
Excel is very important in FA. V-lookup, H-lookup, X-lookup, Pivot , conditional formatting and all different If, sum if formulas are used in daily reconciliation work.
Hello good morning this is a good section I'm hoping for the how a fund accontant will day like baance rolling (TNA, capstock exp accrual income ca trade pricing what parties are involing in each stage pls 🙏 explain it is help to all
Hi. I have created one video on daily activities of FA in “What is Fund accounting “. I will create more detail video on each process. Keep watching.
Ma'am,
Can you please help me to understand,
Assume
Cost = 10rs
Unrealized gain =200rs
Realised =20rs
Profit =10rs (20-10) right?
How do we treat unrealized gain now?
And what is the profit?
You can have either unrealized or realized gain, cannot have both on same trade, so with your example, cost is 10, current day price is 20. Number of shares are 20. then your unrealized gain will be 20-10=10/share total unrealized gain is 20*10=200. You will treat this as unrealized gain on trade, which gets nullified with your NAV impact on price movement. Profit on trade will come in place when you sell that security and realized that profit. Hope that answered your question. Keep watching,
Could you please create one session on OCF FEE and rebate
Sure. Will create a video on this. Thank you. Keep watching.
good
Thank you. Keep watching.
❤
Thank you. Keep watching.
So the unrealized profit and loss for dialy NAV calculation will be in asset side of the balance sheet ?
Yes, any gain or loss will be impacting your Asset. Thank you. Keep watching.
The total unrealized gains, does it always equal the summation of se quarterly unrealized gains?
If the fund is daily NAV, then the unrealized gain/loss will be calculated on a daily basis. Keep watching.
Than mam
I want to gain knowledge on fund and nav etc can u please help me gain the knowledge
Sure. You can follow my channel, I share different concepts of Fund accounting. Also I am building a course on Fund accounting, that will help to understand better about fund accounting. Keep watching.
Just a query, the impact of NAV on the security selling day will not be cost-selling price, rather it should be difference in selling price - prior day mkt price right?
Technically yes, because Cost to prior days price has been already captured under unrealized gain and loss.
Hello Ma'am, so in second day of example, is is 54 change in cost for current day? Also is 52 closing price from yesterday? Please confirm there is bit confusion like closing price for today's or yesterday's day wise? Also day 1, 52 is closing price from yesterday's, right? Thanks
Cost price will always remain $50, On Day 1 the closing price is $52 and on Day 2 the closing price is $54. Closing price means End of the day price for a particular security, So current day closing price will be next day's opening price. Hope that answer your question. Keep watching.
I am unable to understand the what impact on nav for unrealised gain/loss, could you please suggest me
Unrealized gain and loss is nothing but "Effect of price change on the holdings", so if you have a security in the fund-the daily price movement for that is the unrealized gain loss, that will impact your NAV.
Hi mam - I have many queries related ti different FA concepts. Can you pleaze advise if you have more videos on any other channel as i couldn't find many of my desired concept videos on this channel.
I have videos on different concepts of Fund accounting. I will be coming up with more videos soon. Keep watching.
Hello miss, i need assistance reconciliation of the fund
Hello, I will create a video on Custody vs Fund accounting reconciliation by next month. Hope that will be helpful for you. Keep watching.
I am beginner on Fund Admin service
Do you any tips for beginners without experience??
Welcome to fund accounting world. Try to learn the concepts and build a knowledge base, that will help you to grow.
Hello mam I can't understand realised gain on that day how we will account.Till that time we will recognise unrealised gain on daily basis.on the day of sale realised gain (today price - yesterday price) first we should recognise right.
Hi, on the day of sell the current day price will be the selling price. As you are selling it, you will not hold the shares till EOD. Hence as you rightly said it will be today’s price(sell price) minus yesterday’s price. This will be your realised gain/loss which will impact the current day NAV.
@@TheFundAccountant Thanks i understood.
Hello ma'am could you please make a video on what questions would be asked for fund accounting interviews and about Fund accounting and balance sheet too plz it's a humble request
I am currently working with various interviewers on Fund accounting interview questions. Probably by this month end I will share video on this. Keep watching.
@@TheFundAccountant would you like to make me prepare for interview if you charge me some money that would be fine for me
@@swaruptawate7172 you can connect me via LinkedIn or email me at tfabusinessac@gmail.com for further discussion.
Hello madam can u please upload daily 1 video.
Hi, it’s difficult to upload daily videos. There will be weekly videos. Keep watching.
Hello "The fund accountant"! I'm a qualified Chartered accountant with 1 year of experience in financial reporting, I'm planning for a career switch into IB roles, please share your opinion on this and suggest/refer few companies pls. 😬😬
Hi, Financial reporting and Fund accounting are mostly related. Hence it will be a good decision for you to shift your career from FR to FA. There are many companies like Goldman Sach., Statestreet, SS&C GlobeOp, Apex, Citi, Morgan Stanley, Northern Trust, JP Morgan and multiple other IB hiring fund accountant.
Realised gain loss impact is not right.. I will debit nostro cash account for total sale value , credit cost in book of shares, cr/dr realized gain loss
So mam unrealise not impact in NAV and realise impact on NAV correct??
Unrealized and Realized both impact the NAV.
hello mam,I am a qualified CMA can I eligible to join in fund accounting and can I get good package in as a fund accountant,growth and demand of fund accounting in the market?
Hello, with CMA certification you can join any fund accounting organisation. Fund accounting has immense growth and many companies across India/abroad are now involving in Fund accounting. Hence the opportunity is very high. Companies are also offering good package, if you can negotiate well and your concepts are good.