Accounting and Tax
Accounting is a language, a means of communication; it reveals a company’s financial situation and financial performance through numbers, which provide trained professionals with the information they need for effective decision-making. This is true for accounting under German commercial law as well as for international accounting, which is a language understood around the world. In Germany, commercial accounting laws also determine the extent to which business owners are permitted to transfer funds out of their company for private purposes.
Corporate taxation is also closely related to commercial accounting, since corporate taxes are largely based on the principle of performance. A company’s taxable profit as the basis for assessing corporate tax is based directly on the company’s profit under commercial law.
In the B.Sc. program in Business Administration you will acquire “language skills” in accounting and learn how to calculate company earnings as a component of taxable income or business profits.
The knowledge and skills acquired as part of the Accounting and Tax concentration within the B.Sc. program in Business Administration will qualify you to work in a range of different areas, including accounting/finance departments within companies of all sizes and in various industries, or for municipal authorities. In addition, your knowledge/skills will be in demand among specialist service providers such as tax accountants/advisors or accounting firms. The Master’s program (M.Sc.) in Business Administration is a chance to further expand your knowledge or move into specialized areas such as corporate accounting or business valuation.
Last but not least the Business School offers students the opportunity to participate in an integrated business simulation, which provides hands-on training and an opportunity to test the true impact of business decisions on a company’s earnings (P&L).