Tax Law, Accounting and Audit · Audit, Accounting and Reporting
Unit Investment Fund (UIF) accounting in Ukraine requires accurate transaction records, Net Asset Value (NAV) calculations and regular reporting by or for the asset-management company. Outsourcing can provide a dedicated accounting process where the fund's reporting volume or regulatory requirements make internal administration inefficient.
Monthly and periodic reporting
Source material identifies several recurring reports used in fund administration:
statement of net asset value showing the total value of fund assets;
report on increases or decreases in fund property value;
information on holders of investment units;
calculation of the asset-management company's remuneration.
Accounting of fund transactions
receive and process primary documents;
maintain accounting and tax records;
monitor compliance-related reporting requirements;
calculate NAV and the value of an investment unit;
reconcile fund transactions with banking and asset information.
Regulatory reporting and review
Additional work may include preparation of reports for the National Securities and Stock Market Commission (NSSMC) and financial-monitoring authorities, review of tax accounting and audit of financial statements or selected fund indicators.
Management-company controls
The outsourcing model should define who supplies primary documents, who approves valuations and who is responsible for final filing. This avoids gaps between the asset manager, accountant and other service providers.
UIF reporting process should produce repeatable NAV calculations and a complete supporting file for every reporting period. Consistent fund accounting gives the asset-management company better control over regulatory deadlines and investor information.
Why is it better with us?
The principal activities of the UBC group of companies are consulting, financial and investment services, search and selection of investors for business and attraction of loans, purchase and sale of established businesses in Ukraine, Europe and other countries, IT services, and development of commercial real estate in Ukraine and abroad. For the development of your business: registration of enterprises in Ukraine, ready-made companies in the EU, registration of companies in England and other countries, corporate law, offshore jurisdictions and offshore companies, business consulting, audit, certification, registration of LLCs, registration of financial companies, asset management companies, mutual investment funds, registration of joint-stock companies, issue of securities and bonds, and support for foreign investment.
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We are always focused on the result you need and will do everything to achieve it within the required timeframe, taking your wishes and requirements into detailed account! Why is it better to start business in Ukraine with UBC? The answer is simple - we have much more practical experience, resources and opportunities.
Price: Outsourced Accounting and Reporting for a Unit Investment Fund (UIF) in Ukraine