1. Explain fund accounting work flow. 2. NAV calculation 3. NAV impacts 4. Journal ledger entries 5. Effects entries 6. Impacts of posting 7. Double entry posting impacts 8. Expenses accruals

Question

Accepted Answer

Fund accounting work flow involves NAV calculation, journal ledger entries, effects entries, and expenses accruals.

Fund accounting work flow is the process of managing and recording financial transactions for investment funds.
NAV calculation is the process of determining the net asset value of a fund, which represents the value of each share or unit.
NAV impacts refer to the changes in the net asset value due to various factors such as market fluctuations, investments, and expenses.
Journal ledger entries are the records of financial transactions, including debits and credits, in the general ledger.
Effects entries are the entries made to reflect the impact of transactions on the fund's financial position.
Posting refers to the process of recording journal entries in the general ledger.
Double entry posting impacts ensure that every debit has a corresponding credit entry, maintaining the balance in the accounting system.
Expenses accruals involve recording and recognizing expenses that have been incurred but not yet paid.

1. Explain fund accounting work flow. 2. NAV calculation 3. NAV impacts 4. Journal ledger entries 5. Effects entries 6. Impacts of posting 7. Double entry posting impacts 8. Expenses accruals

Top BNY Intermediate Representative interview questions & answers

Top HR questions asked in BNY Intermediate Representative