Introduction to Eagle Accounting (IEA) with Mutual Fund Processing

Course Outline

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

  1. Mutual Fund Overview and a Day-in-the Life Flow
  2. Master Fund, Classes, and Sectors Relationship Overview

Miscellaneous Income

  1. Posting and Viewing Miscellaneous Income

Wrap-Up

  1. Assessment
  2. Wrap Up
  3. Milestone
  4. Documentation Links
  5. Survey

Expenses

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

Entity Setup

  1. Adding an Entity

Getting Started

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

Equity Calculations, Posting and Viewing

  1. Adding Common Stock Reference Data
  2. Posting Common Stock Buy Trades
  3. Viewing Common Stock Buy Trades
  4. Manually Settling and Viewing Common Stock Buy Trades
  5. Posting and Viewing a Common Stock Sell Trade
  6. Canceling, Rebooking, and Viewing Common Stock Trades

Capital Stock

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

Fixed-Rate Non-Base-Currency Debt

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

Exception Processing

  1. Resolving Failed Trades Using Automation Center
  2. Viewing Resolved Trades

Forward and Spots Gain/Loss

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

Pricing

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

Variable-Rate Debt

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

Spots

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

Forwards

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

Debt with Market Premium and Accretion

  1. Adding Reference Data with Amortization and Accretion
  2. Adding an Accounting Rule and an Amortization Rule
  3. Posting a Debt Buy with Amortization and Accretion
  4. Viewing a Debt Buy with Amortization and Accretion
  5. Updating Amortization and Accretion Retroactively and Prospectively

Fixed-Rate Base-Currency Debt

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

Corporate Actions

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

Mutual Fund Setup

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

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