Category: Calculations
What is “Will Drive an Accountant Batty”?
In which we deconstruct the formula for driving fund accountants bonkers, explain why spreadsheets suck for calculating investment partnership fees, and explore alternatives to abandoning the profession to pursue Chia farming.
read article…January has 30 days
Despite the rhyme many of us remember from school, there are times, mathematically, when “all the rest” do not have 31 days. In fact, some fund offering documents explicitly require an alternative calendar when it comes to processing and calculating fees.
read article…Fund Accounting in a Galaxy Far Far Away
The art of stress testing-wherein we prove that a million monkeys in a million years would be hard-pressed to derive a meaningful ROI on a 1¢ investment yielding a $17 million dollar return.
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