Fund accounting is a process of collecting, sorting and processing accounting information about fund investment operation, accurately recording the changes of fund assets, and providing financial data and accounting statements to relevant parties in time.

The accounting subject of fund accounting is securities investment fund, and the responsibility subject is fund management company and fund custodian. Among them, the fund management company bears the main accounting responsibility. Based on the principle of timeliness, the division of fund accounting period is more detailed, that is, weekly or even daily accounting disclosure period. At present, the fund accounting in China has been refined to this day.

Fund accounting mainly includes securities and derivatives trading accounting, equity accounting, interest and premium accounting, expense accounting, fund purchase and redemption accounting, valuation accounting, profit accounting, fund financial accounting report and fund accounting review.