Finance, Accounting, Controlling, Taxes
How are the competition and the markets developing? More than ever before, companies rely on up-to-date corporate data in order to be able to react in a targeted and efficient manner.
The study field at a glance
Established business management tools include integrated financial management, accounting and controlling. Only in this way can processes in all operational areas be planned and controlled. Closely related to this is the tax and audit system. Against the backdrop of complex tax regulations, this ensures efficient tax planning and auditing.
- The accounting department regularly records and documents business transactions such as Financial statements and balance sheets and thus forms the basis for the planning, information, control and coordination tasks of controlling.
- Controlling and finance creates key figures, reports and forecasts, providing business management tools that enable companies to manage both goods and finance. Among other things, finance has to ensure the efficiency of companies, for example by weighing up the opportunities and risks of business financing and investment and ensuring liquidity.
- The tax system finally determines the amount and the influence of the resulting tax burdens.
Bachelor programs in this area are mainly at universities of applied sciences, but also at some universities. Possible study program titles include, for example, controlling and financial management, taxation, finance, accounting and taxes or business law.
Contents of the course
The study provides a comprehensive basic knowledge of business administration, which is enhanced by specific specialist and methodological knowledge from the various areas of internal and external accounting and tax law. These include e.g. Knowledge of building appropriate accounting systems and a thorough understanding of national and international accounting, including the related tax implications.
The following lesson modules can be content of the study: investment and financing, IT-based controlling, statistics, corporate management, cost accounting and production management, business informatics, business taxation, auditing, accounting, business law, tax law.
Possible careers after graduation
Graduates in these fields open up occupational fields in the respective functions and departments of companies in all sectors, in tax consultancy and accounting firms, in management consultancy or in public administration.