Specialisation area Auditing/ tax accountancy

Taxation plays a significant role in the running of any business. Specialising in this area opens up diverse opportunities for you.

In the specialisation area Auditing and Tax Accountancy you will focus on the areas tax reorganisation law, international financial reporting as well as inheritance tax and accession tax.  In addition, the areas group accounting and corporate valuation are also dealt with intensively.

Tax reorganisation law

The basics of tax reorganisation law, mergers, company separation, change of the corporate form, contributions in partnerships.

International financial reporting

The basics of IAS/IFRS. Dealing with individual line items from the annual financial statement according to IAS/IFRS compared to HGB and segment reporting etc.

Inheritance tax and accession tax

Relevant sections of matrimonial property law and inheritance law, transactions subject to tax, personal tax liability, inheritance by reason of death, continued community property, community of accrued gains, provisional succession and reversionary inheritance, inter vivo gifts, special purpose allocations, tax liability, taxable acquisition, valuation (except the valuation of enterprises), tax exemptions, consideration of earlier acquisitions, tax groups, personal tax allowances, non-taxable allowances on benefits, tax scale and tax rate limits, tax assessment and collection.

In addition, the areas of group accounting and auditing as well as aspects of corporate valuation are dealt with.

•    Motivation, commitment, ability to work in a team and a genuine interest in the subject are essential prerequisites

•    Interest in quantitative issues
•    Good English language skills
•    Assessment method: As a rule the assessment consists of an academic term paper and oral examination

Due to the great demand for auditing and accounting staff there are a diverse range of career opportunities available in international as well as in medium-sized auditing and tax firms. But there are also interesting career opportunities available in accounting or in the tax and auditing departments of much larger enterprises for those who want to go directly into these areas after completing their studies. The interesting, specialised and diverse challenges you face in auditing and tax consultancy will qualify you for a later assumption of management tasks in industrial, commercial and service enterprises where you are responsible for achieving results.  Most graduates, however, successfully sit formal examinations to become tax consultants or auditors, which in turn gives them the opportunity to become partners in a large auditing or tax firm or to start their own auditing or tax advisory business.