Conception and department
The accounting system is an important part of the information system of a company. In external accounting (Financial Accounting) all transactions are mapped while internal accounting (cost accounting) only records operation-related issues. Both systems are in a close relation.
The external audit of accounting is the responsibility of the auditors, who play the conditional task of carrying out statutory annual audits in this context. The auditor checks the correctness of the financial statements and decides to grant or refuse audit certificates.
Furthermore, the auditor accepts a number of additional audit-related services. In addition to knowledge in the area of national and international accounting and auditing, skills in the area of business and tax law are absolutely 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.
Teaching programme and job perspectives
For Bachelor students of the major subject "Accounting and Auditing" the concerted courses provide a comprehensive and widespread training concept.
The compulsory module "Externes und internes Rechnungswesen" (External and internal accounting) is offered in the second and third term of the Bachelor program and teaches the basics. From the fourth semester on, the knowledge achieved is deepened. For this purpose, among others, the lectures "Grundlagen der Jahresabschlusserstellung" (Basic principles of the annual financial statements), "Spezialfragen der Abschlusserstellung" (Special issues of preparation of the financial statements), "Wirtschaftsprüfung I - Grundlagen des betrieblichen Prüfungswesens" (Auditing I) and "Grundlagen des Unternehmenssteuerrechts" (Principles of Corporate Tax Law) are offered regularly.
The training in this major subject is focused on providing the necessary technical skills for professional practice. The graduates are prepared for careers in the areas of corporate finance and accounting, auditing and consulting and tax advising.
In the major subject a total of 18 credit points must be provided. In addition to the lectures enough seminars and case studies are offered.
Coenenberg, A.G./Haller, A./Schultze, W. (2012): Jahresabschluss und Jahresabschlussanalyse - Betriebswirtschaftliche, handelsrechtliche, steuerrechtliche und internationale Grundsätze - HGB, IAS/IFRS, US-GAAP, DRS, 22., überarbeitete Aufl., Stuttgart.
Marten, K.-U./Quick, R./Ruhnke, K. (2015): Wirtschaftsprüfung – Grundlagen des betriebswirtschaftlichen Prüfungswesens nach nationalen und internationalen Normen, 5. Aufl., Stuttgart.