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Finance, Investments & Funds

Advanced Certificate in Fund Administration

Course details




Online self-study for 6 months and attendance on two virtual classrooms. Next course start date 11 March 2024

Course Overview

This course will enable you to develop your knowledge of fund operations and takes a detailed, practical look at key aspects of fund administration and accounting. It is an intermediate level course suitable for experienced fund administrators and back-office support staff.

Course Content

The course is built around a fictional fund (the CLT Fund). Part 1 of the programme focuses on all aspects of a fund’s lifecycle from incorporation to liquidation, and Part 2 takes the learner through a journey from recording the Fund’s first transaction using double-entry bookkeeping to the preparation of the Fund’s first set of financial statements. It comprises the following:

Part 1 - Advanced Fund Structures, Strategies and Regulation

  • Key parties in a fund
  • Fund lifecycles
  • Alternative investment funds, fund of funds and debt funds
  • Advanced regulation

Part 2 - Advanced Fund Accounting and Analysis

  • Fundamentals of fund accounting
  • Accounting for specific fund transactions
  • Advanced NAV, GAV and fee calculations
  • Interpretation of financial statements
  • Advanced taxation

The virtual classrooms are designed and delivered by industry professionals giving you an opportunity to interact with the tutors and other professionals studying the course. Other elements of the course are delivered through e-learning with interactive exercises and tasks for you to complete, supplemented with videos, podcasts and a variety of other resources.

It is recommended that you spend four to six hours per week on private study for the six months before taking the examination.

You can request a copy of the full syllabus here.

The next course dates are as follows:

  • Course start date - 11 March 2024
  • Virtual Classroom 1 - 15 May 2024
  • Virtual Classroom 2 – 17 July 2024
  • Revision Virtual Classroom – 14 August 2024
  • Exam Date – 13 September 2024

Course Benefits

After attending this course you will be able to:

  • Demonstrate a detailed understanding of the functions of key parties in a fund and how they meet the needs of stakeholders
  • Understand the lifecycle of different fund structures, including the processes involved in their closure, winding down and/or liquidation
  • Demonstrate awareness of the topical issues surrounding alternative investment funds, fund of funds and debt funds
  • Present a detailed knowledge of fund regulation and be able to interpret and apply Principal Documents, Scheme Particulars and investment restrictions
  • Understand the fundamentals of fund accounting and how to account for specific fund transactions
  • Carry out a range of advanced calculations in relation to a fund, including NAV, GAV, performance fees, and entry and exit charges
  • Calculate earnings per share and the total expense ratio, and use ratios to analyse a set of financial statements
  • Determine the impact of taxation on different fund structures and be able to carry out relevant tax calculations


The course is assessed by way of a three-hour closed-book written examination which comprises 20 compulsory multiple-choice questions (each worth 1 mark), a 40 mark compulsory accounting and valuation question, and two 20 mark essay questions chosen from a selection of three questions. The questions will be drawn from across the syllabus and candidates must achieve 50% in order to pass the Advanced Certificate.

This qualification is awarded in association with Alliance Manchester Business School, the University of Manchester and once you have successfully completed the course you will be awarded the Advanced Certificate in Fund Administration.


This course assumes a core base knowledge of the fund industry acquired through completion of the Certificate in Fund Administration or a similar course of study/practical work experience.

Next Steps

Enrolment onto this course includes access to the online learning platform and the examination fees.

Whilst the GTA facilitates the training for the fund qualifications, you need to enrol online directly with CLT International. Scroll down when you reach this page and you can then follow the process to enrol.

Course Tutors

  • CLT International

    CLT International has been providing certificated training and qualifications to professionals in the private client and wealth management industry since 1999. As an international company operating in over 90 global centres, we provide training to over 3,000 delegates per year and are also the exclusive provider for STEP, the worldwide professional association for those advising families across generations.

  • Offshore Consulting

    Offshore is a Guernsey based accounting, consulting and training firm offering tailored technical business training courses across a range of industries. Their expert team have a deep understanding of the issues faced within the offshore market making them equipped to provide practical and relevant training to industry professionals.
    Offshore’s training team comprises qualified accountants with ‘hands-on’ experience of the subjects they teach. This industry knowledge provides enriched learning to participants on their courses and readers of their learning materials.

Upcoming Courses

Some courses we run are scheduled based on demand. Please ensure you register your interest to ensure we know which courses you would like to attend.