Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Accounting for Share Transaction

CA Vivek Jain (SERVICE) (1550 Points)

19 June 2008

Dear All

Please provide information about Share Transaction Acounting

1) Intraday Sale

2) Short Term buy Sell

3) Long Term buy Sell

Reply
Follow
Share

1 Replies

CA Vivek Jain (SERVICE) (1550 Points)
Replied 19 June 2008

AMFI Mutual Fund Certification

AMFI Mutual Fund Certification is based on a testing programme. There are two Modules of the test. The first is the AMFI Mutual Fund (Basic) Module. This is a general test covering the concept, structure and other essential general topics. This is meant for all employees of Mutual Funds (other than those who are engaged in selling and marketing activities), general public and for those who would like to have a basic knowledge of concept and working of Mutual Funds. Any one who desires to acquire knowledge of the functioning of the mutual fund without seeking to become a fund distributor can take part one test independently.A certificate will be issued separately for Basic Module test to the successful candidates.There is no validity period for the AMFI-Mutual Fund (Basic) Module certification.

The second is the AMFI Mutual Fund (Advisors) Module and it covers subjects such as financial planning, risks in fund investing, model portfolio selection in addition to the subjects covered under the Basic Module and constitute a single certification programme which is designed for certification of fund distributors or intermediaries engaged in selling mutual fund schemes, employees of corporate intermediaries and employees of mutual funds who are engaged in selling and marketing activities.The validity period for the AMFI-Mutual Fund (Advisors) module certification is for five years.