What is fund accounting

Fund accounting refers to the process of collecting, sorting and processing accounting information about the fund's operation, accurately recording the changes of fund assets, and presenting financial data and accounting statements to relevant parties in time. Characteristics of fund accounting < P > (1) The accounting entity is the securities investment fund.

Enterprise accounting takes the enterprise as the accounting entity, while fund accounting takes the securities investment fund as the accounting entity. The responsibility of fund accounting is the fund management enterprise and fund custodian, in which the former bears the main accounting responsibility.

(2) The accounting period is detailed to the day. At present, China's fund accounting has been refined to the day, and the statements should be refined every day to preserve the value.

(iii) The financial assets held by the fund and the financial liabilities undertaken are usually classified as those measured at fair value and whose changes are included in the current profit and loss.

financial assets are divided into four categories at initial recognition: financial assets measured at fair value and whose changes are included in current profits and losses, held-to-maturity investments, loans and receivables, and available-for-sale financial assets.

The fund takes investment management as its urgent business, and its purpose is to obtain higher capital gains while enduring the crisis. The nature of investment management behavior determines that the financial assets or financial liabilities it obtains are transactional; At the same time, for open-end funds, the financial assets they hold must be realized at any time to cope with the redemption of fund shares by fund holders. Therefore, unless otherwise agreed in the fund contract, the financial assets and liabilities held by the fund are usually classified as those measured at fair value and whose changes are included in the current profit and loss.