Abstract: AN ASSESSMENT OF FUND ACCOUNTING FOR MUTUAL FUNDS AND EXCHANGE-TRADED FUNDS (ETFs)
The study aims to: (1) analyze the specific accounting practices required for mutual funds and ETFs; (2) assess the impact of accurate fund accounting on investor confidence and fund performance; and (3) identify the challenges and best practices in accounting for these investment vehicles. A survey research design was chosen to capture a wide range of perspectives from industry professionals. Using Taro Yamane's formula, a sample size of 300 fund accountants and managers from Lagos, Nigeria, was determined to be statistically significant. The case study focuses on a major mutual fund in Lagos to provide practical insights. A reliability coefficient score of 0.85 indicates the reliability of the survey instrument. Findings suggest that precise accounting practices are essential for accurate pricing, risk management, and regulatory compliance in mutual funds and ETFs. The study recommends enhancing accounting standards specific to these funds, increasing the use of automated accounting systems, and fostering greater collaboration between fund managers and accountants to ensure accurate financial reporting.
BACKGROUND OF THE STUDY
Since the ingrained firmness of western education in Nigeria, It has...
Background to the study
Tax, the whole world over is a major source of revenue to the government. The m...
Abstract: THE ROLE OF FORENSIC ACCOUNTANTS IN DUE DILIGENCE PROCESSES
This research investigates the role of forensic accountants in due...
Background to the study
Cities are at the nexus of a further threat to the environment, namely the prod...
Background of the Study:
Advertising is one of the tools used for persuasive communication to target audience. Advertising is the communi...
Abstract: This study examines the influence of quality management on project outcomes, aiming to: 1) assess...
ABSTRACT
This study conceptualized dispute as an integral part of man’s existence and a common occurrence in human societies which...
BACKGROUND OF THE STUDY
Chemistry as a science subject plays a vital role in transforming the environme...
Abstract: This research investigates strategies to promote social justice and equity within early childhood educa...
Abstract
The study seeks to present an empirical analysis of the impact of inflation on economic growth in Nigeria, usin...