Introduction to Eagle Accounting (IEA) with Mutual Fund Processing

Course Outline

Getting Started

  1. Congratulations, let's get you started!
  2. Instructor Introduction
  3. Your Assigned Login Details & Assigned Securities
  4. Training Collateral

Entity Setup

  1. Creating an Entity

Equity Calculations, Posting and Viewing

  1. Adding Common Stock Reference Data
  2. Posting Common Stock Buys
  3. Viewing Common Stock Buys
  4. Manually Settling and Viewing Common Stock Buys
  5. Posting a Common Stock Sell, Viewing Reports, & Position Viewer
  6. Canceling a Common Stock Sell & Rebooking a Common Stock Buy

Fixed-Rate Base-Currency Debt

  1. Adding Base-Currency Debt Reference Data
  2. Posting a Base-Currency Debt Buy
  3. Viewing a Base-Currency Debt Buy

Fixed-Rate Non-Base-Currency Debt

  1. Adding Non-Base-Currency Debt Reference Data
  2. Posting a Non-Base-Currency Debt Buy
  3. Viewing a Non-Base-Currency Debt Buy
  4. Manipulating & Viewing Income Accruals
  5. Posting a Non-Base-Currency Debt Sell
  6. Viewing a Non-Base-Currency Debt Sell

Variable-Rate Debt

  1. Adding Variable-Rate Debt Reference Data
  2. Posting a Variable-Rate Municipal Bond Buy
  3. Viewing a Variable-Rate Municipal Bond Buy

Debt with Market Premium and Accretion

  1. Adding Debt Reference Data - with Amortization & Accretion (OID)
  2. Adding an Accounting Rule, an Amortization/Accretion Rule, & Updating your Entity
  3. Posting a Debt Buy – with Amortization & Accretion (OID)
  4. Viewing a Debt Buy – with Amortization & Accretion (OID)
  5. Retroactively & Prospectively Updating Market Amortization & Accretion (OID)

Mutual Fund Day-in-the-Life Overview and Setup

  1. A Day in the Life of a Mutual Fund Workflow
  2. Master Fund, Classes, & Sectors Relationships

Mutual Fund Setup

  1. Adding a Master Fund & Classes
  2. Adding an Allocation Rule
  3. Adding Sectors
  4. Adding & Confirming Fixed Allocation Percentages

Capital Stock

  1. Adding Capital Stock Activity
  2. Viewing Trials after Capital Stock Activity

Expenses

  1. Setting Up a Fixed Daily Expense
  2. Setting Up a Budgeted Daily Expense
  3. Setting Up a Variable & Tiered Expense
  4. Canceling & Correcting an Expense Accrual
  5. Setting Up Variable Expenses
  6. Triggering & Viewing Expense Accruals
  7. Viewing Expenses after Postings, Modifications, & Adjustments
  8. Modifying an Expense Accrual
  9. Viewing Trials after Expense Modifications
  10. Adjusting Expense Accruals & Viewing Trials

Exception Processing

  1. Using Automation Center to Resolve Failed Trades
  2. Viewing Position Viewer & Trials after Posting Trades via Automation Center

Forwards

  1. Confirming the Mutual Fund Allows Forward Postings
  2. Posting a Forward Buy
  3. Viewing a Forward Buy

Spots

  1. Posting & Settling a Spot Buy
  2. Viewing a Settled Spot Buy
  3. Posting & Settling a Spot Sell
  4. Viewing a Settled Spot Sell

Forward and Spots Gain/Loss

  1. Viewing Trials after Posting the Forward & Spots
  2. Viewing Trade Date to Settlement Date & Realized Gain/Loss Reports

Corporate Actions

  1. Corporate Actions Overview
  2. Posting a Cash Dividend
  3. Viewing a Cash Dividend
  4. Posting & Viewing a Stock Split
  5. Canceling, Reposting, & Viewing a Stock Split

Miscellaneous Income

  1. Posting & Viewing Trials after Posting Miscellaneous Income

Pricing

  1. Overview of the Pricing Process
  2. Querying & Manually Closing Accounting and Valuation Periods
  3. Updating Data Warehouse Positions & Viewing the Portfolio Valuation Report
  4. Manually Adding Prices, Spots, Points, & Forward Pricing
  5. Manually Calculating Unrealized Appreciation/Depreciation, Updating Data Warehouse Valuations, & Viewing Trials
  6. Manually Calculating & Viewing Class-Level Net Asset Values & Viewing the NAV Audit Report
  7. Manually Closing a Valuation Period

Wrap-Up

  1. Assessment
  2. Milestone
  3. Documentation Links
  4. Survey

About the Course

The Introduction to Eagle Accounting course provides participants with a solid use and functionality knowledge-base, prior to client customization, to post, view, and maintain common Entity and Mutual Fund transactions.  By the end of the course, participants will be able to:

  • Describe Eagle’s accounting software background and functionality
  • Set up an entity and establish accounting periods 
  • Set up an equity and debt security reference details 
  • Post, settle, and view (via Position Viewer) equity and debt trades 
  • Query security cost, cash, and income accrual positions via Position Viewer 
  • Set up a debt variable rate schedule 
  • Process market amortization and original issue accretion for debt securities 
  • Describe and set up a relationship between a master fund, classes, and sectors 
  • Post capital stock transactions 
  • Set up and post expense accruals 
  • Adjust expenses and relieve expense payables 
  • Query and resolve failed transactions (via Exception Processing) 
  • Post and settle forward and spot transactions 
  • Calculate,  post, cancel, rebook,  and view corporate actions:
    • Cash Dividend with Tax and Reclaim
    • Stock Split
  • Post and view miscellaneous income & expense payments 
  • Allocate income and expenses among a total fund, classes, and sectors 
  • Price securities 
  • Calculate class-level net asset values (NAV) 
  • Query trial balances and other reporting functionality



About the Instructors

Michael Sowsy

Michael Sowsy, Senior Training Consultant

Started at Eagle: 2008

Started in Industry: 1984

Areas of Expertise:

  • Accounting
  • Data Management