Fund Cash Balances All Proprietary Fund Types Auditor State Oh Form

Instructions and help about Fund Cash Balances All Proprietary Fund Types Auditor State Oh

hello everyone today i will discuss on a very basic question that is what is fund accounting so to start with that we need to first understand what is a fund so a fund is a pool of money kept aside for a specific purpose this pool of money is generally managed by a professional called investment manager or we call it im in the fund accounting world any person who want to invest in market but don't have a knowledge in which security to invest fund can be a safer option for them to invest each share of a fund is priced at nav so the fund value is generally derived from this naf per share so fund accounting job is to calculate this nav from this particular formula so nav is nothing but total net asset or which is called tna divided by the number of shares outstanding now how we arrived at tna total net asset is nothing but the total asset minus your total liability into the fund divided by the number of shares outstanding as a fund accountant you need to have a fair idea of each of this c