04.12.2023
Overview
Finance and accounting, controlling, taxes
How is competition and the markets developing? Companies rely on key business indicators in order to be able to react effectively and efficiently. This is exactly what the study field of finance and accounting, controlling and taxes deals with.
The field of study at a glance
Finance ensures that the performance of companies is maintained by, for example, weighing up the opportunities and risks of business financing and investments and ensuring the supply of liquidity. In order to make all processes in all operational areas plannable and controllable, companies use accounting and controlling instruments. Tax and auditing is closely linked to this.
Accounting regularly records and documents business transactions such as annual financial statements and balance sheets and thus forms the basis for the planning, information, control and coordination tasks of controlling.
Controlling and finance use this to create key figures, reports and forecasts, which in turn serve as a business management tool with which companies can be managed in terms of goods and finance.
Finally, taxation determines the amount and impact of the tax burdens that arise in the process.
Course offered
Bachelor's programs in this area are available primarily at technical colleges, but also at some universities. Possible course titles include “Financial Management”, “Controlling”, “Operational Resource Management”, “International Finance”, “Accounting, Taxes, Business Law” or “Taxation”. The course is also offered as part of a career in senior service.
Contents of the course
The course provides comprehensive basic business knowledge, which is expanded to include specific specialist and methodological knowledge from the various areas of internal and external accounting and tax law. This includes, for example, knowledge of how to set up suitable cost accounting systems and a comprehensive understanding of national and international accounting, including the corresponding tax implications.
The following teaching modules can be part of the course: investment and financing, special areas of controlling, statistics, corporate strategy, cost accounting and production management, business informatics, business taxation, auditing, accounting, business law and tax law.
Career opportunities after graduation
Graduates from these areas open up career fields in the corresponding functions and departments of companies in all sectors, in tax consulting and auditing firms, in management consultancies or in public administration.
