Fund Accounting

Micro-credentials are short courses that are usually offered on a flexible basis. They are accredited and assessed by SETU or MTU. Our courses range from 1 to 5 credits. As a guide, a standard undergraduate module is 5 credits. In general, you can expect between 5 to 10 hours of class time for a 1 credit module and 24 to 36 hours for a 5 credit module, spread over several weeks. Micro-credentials can be offered at any level on the National Qualifications Framework (NQF), ours are at level 6 (Higher Certificate Level), level 7 (Ordinary Degree Level) or level 8 (Honours Degree Level). The courses are delivered on a flexible basis, to fit into the demands of a busy working life. Most of our programmes are delivered on a fully online basis with the learning taking place on a synchronous basis (i.e. live online classes) or asynchronous basis (i.e. pre-recorded material that you can view in your own time).

This course will give learners an introduction to the basic concepts of fund accounting. The module will begin with a discussion of the investment funds industry and the fundamentals of the financial statements of a fund. Issues to be addressed include valuation of equity and money market funds, accounting for fund shares, accounting for fund expenses and NAV (Net Asset Value) calculations.

This course is at Level 8 on the National Qualifications Framework (NQF) and will attract 5 Credits (European Credit Transfer and Accumulation System - ECTS). 

On successful completion of this course, a student will be able to:

  1. Prepare fund accounts and NAV calculations for basic fund types
  2. Record transactions for fund shares and corporate action transactions
  3. Analyse purchases and sales of fund assets with an emphasis on equity securities
  4. Prepare accounts for daily movements in the value of the funds assets
  5. Comment on the expense environment in a fund and record expense transactions
  6. Comment on investment fund industry environment in Ireland and the impact of current events


Indicative Content

  • Introduction to Fund Accounting: what is an investment company, types of investment companies, the different parties to a fund
  • Fund Shares/Capital Stock: The Transfer Agent, Transaction Fees, Accounting for Subscriptions, Accounting for Redemptions, Accounting for Transfers/Switches, Accounting for Distributions
  • Accounting for Equities: types of equity securities, valuing equity securities, accounting for the purchase of equities, accounting for the daily valuation of equities, accounting for the sale of equities, foreign exchange issues
  • Accounting for Corporate Actions
  • Fund Expenses: the type of expenses, accounting for expenses, unexpected expenses & over/under accruals
  • Calculation of the daily NAV for a fund



Candidates will have an award at level 7 in business,  economics, finance, law, IT or an approved equivalent qualification.

Applicants whose first language is not English must submit evidence.

This module will be delivered online over 12 weeks.

Classes take place on a Tuesday evening from 5pm to 7pm. Classes will commence in early September and continue until early December. 

There will be a requirement to attend Munster Technology University once over the term to complete an assessment. This is scheduled in mid December on a Tuesday evening (precise assessment timings are 'to be confirmed').

The fees for this course is 50% funded through the Human Capital Initiative  

The cost of the course to the student is €200. 

To check if you are eligible for the funding please follow this link (external site - Higher Education Authority). If you have any doubts please contact us.  

Applications are to Munster Technological University. 

Apply Here - this link will take you to the website of Munster Technological University.