Master

Concept and department

The major subject “Accounting and Auditing” teaches the Master students an in-depth knowledge in the areas of national and international accounting, auditing and corporate tax law. In the courses the provision of standards and their implementation in practice and current research issues will be discussed.  

Accounting is used for the provision of relevant information for the beneficiary of the annual financial statements by presenting all business transactions of the company according to the actual circumstances. The prepared financial statement serves as basis for the determination of profit. For tax calculation, the tax balance sheet is used.  

In the lectures offered the relations as well as the differences between fiscal and commercial balance sheets in connection with economic and fiscal issues are discussed.  

The auditors are responsible for the auditing of the accounting system and their conditional task is to carry out statutory audits of annual accounts. The auditor verifies the correctness of the financial statement and decides on granting or refusal of auditor's opinion. He also achieves a number of additional audit-related services. In addition to knowledge in the field of national and international accounting and auditing, skills in the area of business and tax law are necessary to perform these tasks.    

With the combination of accounting, auditing and business law and taxation in research and teaching the Institute of Accounting and Auditing takes an essential development into account: the importance of accounting, in particular external financial reporting in view of the increasing internationalization and the increasing focus of management on the maximization of shareholder value will be even greater in future.  A particular concern of the institute, therefore, is to link the areas of accounting, particularly with regard to external accounting, and auditing in research and teaching closely. Therefore English and German case studies, practical lectures in courses and excursions to companies ensure practical relevance in teaching. In this way an ongoing knowledge transfer between theory and practice is guaranteed.