Tailored training

The PricewaterhouseCoopers timely solution—Staying at the forefront of a rapidly changing industry is no easy feat. New products with unique operational attributes, changing regulations and reporting responsibilities and an expanding global marketplace are challenges facing all industry professionals. In order to gain a competitive advantage, training and educating your organization's staff in new developments is critical.

Tailored training provides you with a program that you direct. Whether you need to train fourteen people or forty, our industry specialists will work with you to develop “just-in-time” training solutions that are flexible, cost-effective and meet the unique needs of your organization.

We can:

• Conduct existing Professional Development Program courses as described in our course summaries below
• Modify those courses as needed to incorporate information relevant and specific to your organization

Some examples of past programs we have delivered to audiences such as fund accountants, directors and trustees, and compliance personnel are as follows:

• Overview of investment companies
• Complex securities
• Swaps
• Preparing for an SEC examination
• Introduction to alternative investment management products and structures

Level: Introductory
Participants will gain an in-depth understanding of RIC Qualification requirements, RIC tax liabilities, taxation of RIC shareholders and book-to-tax differences.

Level: Introductory/Intermediate
Participants will gain an in-depth understanding of the FAS 157 financial reporting and disclosure requirements related to alternative funds.

Level: Introductory/Intermediate
Participants will gain an in-depth understanding of disclosure and financial reporting requirements for alternative product funds.

Level: Introductory/Intermediate
Participants will gain an understanding of the accounting, reporting and tax issues related to hedge funds.

Level: Introductory/Intermediate
Participants will gain an understanding the tools and knowledge to understand and discuss technical aspects of IFRS as well as a clear picture of what the transition challenges will be to adopt IFRS for the first time. Participants will learn some of the key differences between IFRS and US GAAP as well as better understand the IFRS framework and principles.

Level: Introductory/Intermediate
Focus on understanding of the tax, accounting, operational and regulatory issues involved in structuring, implementing and operating private investment funds and the various products and structures making up the alternative investment management industry.

Level: Introductory/Intermediate
Participants will gain an in-depth understanding of the Advisers Act and Rules. It will also provide the participants with an opportunity to exchange ideas and approaches to common areas of concern while keeping abreast of current developments and regulations.

Level: Introductory
Participants will gain an introductory overview of accounting, reporting, tax, operational and regulatory considerations in the investment company industry.

Level: Intermediate
Participants will gain an understanding of the importance of partnership agreements and offering documents to private equity funds. Participants will be able to discuss issues related to profit (loss) allocations, fee structures and distributions and to apply general mechanics of a waterfall calculation for the allocation of profits (losses) for private equity funds.

Level: Intermediate
Participants will gain an in-depth understanding of what hedge fund advisers will need to do to prepare to comply with investment adviser registration requirements, disclosure requirements, record-keeping requirements and the development of a comprehensive written compliance program, including the designation of a Chief Compliance Officer. In addition, participants will learn how to prepare for and successfully negotiate an SEC examination. The course will also provide participants with an opportunity to exchange ideas and approaches to common areas of concern to all firms.

Level: Introductory/Intermediate
Participants will gain an understanding of the accounting and tax issues surrounding various types of swaps and the related disclosure in the financial statements.

Level: Introductory
Participants will gain an understanding of the accounting issues and disclosures associated with selected securities and derivatives.

• Fixed income bonds
• Convertible bonds
• Step bonds
• Repurchase agreements
• Reverse repurchase agreements
• Mortgaged-backed securities
• I/Os and P/Os
• Asset-backed securities
• Collateralized Debt Obligations (CDOs)
• Collateralized Loan Obligations (CLOs)
• Mortgage dollar rolls
• Bank loans
• Distressed debt
• PIPES
• Options
• Futures
• Forwards
• TIPS
• Inverse floaters