Accounting, Finance, Controllership (Master)

The Master's programme in Accounting, Finance, Controlling has a scheduled duration of three semesters and starts every summer and winter semester.

If you have enjoyed the subjects of accounting, funding and cost accounting/controlling in your previous university studies, then the "AFC" is just right for you. The "AFC Master" builds on the knowledge you have already acquired in these specialist fields. The aim is to train you to become an expert in the areas of accounting, funding and controlling and also to give you the competences to take on a future management position.

The latest Business Sciences findings are taken into account. For example, there is a seminar with a special research focus at the end of the programme. Our aim is not only to help you with your Master's thesis, but also to qualify you for a doctoral degree. This is because Master's degrees at universities and universities of applied sciences are of exactly the same value.

After successfully completing the Master's programme, you will be awarded the degree of Master of Science (M.Sc.).

Our lecturers, who have both academic and professional experience, will provide you with detailed, practice-oriented specialist knowledge in the areas of accounting, finance and controlling.

The following diagram provides a thematically structured overview of the overall course and the individual modules of the university studies programme.

Objective of the "Accounting" sub-discipline

Listed companies currently prepare their consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). Some medium-sized enterprises based in Germany have also decided to prepare their degrees in accordance with International Financial Reporting Standards.

You will therefore familiarise yourself with the accounting rules according to the International Financial Reporting Standards (IFRS) and learn how to use them. After completing this topic, you will have mastered the preparation of individual and consolidated financial statements in accordance with IFRS. They will be familiar with the differences to the German Commercial Code (HGB) and will be able to analyse a degree in accordance with IFRS for the purposes of the net assets, financial position and results of operations.

Objective of the sub-area "Controlling"

You will understand the importance and tasks of strategic and operational controlling for the successful realisation of corporate goals and master the methods and instruments required for this. Based on strategic portfolio management, you will familiarise yourself with the tasks of investment and project controlling at a strategic and operational level and become familiar with the functions, tasks, methods and instruments of investment controlling, company valuation and reporting in the investment life cycle of internationally active enterprises.

Objective of the "Finance" sub-discipline

You will understand how the international financial markets work and become familiar with the financial risk management of an internationally operating enterprise. You will be able to combine the essential sub-areas of capital market theory and capital market financing, outline approaches for determining company-specific capital costs and compare the important financing options of a capital market-oriented enterprise.

The module handbook is integrated in the examination regulations (see under study documents at the bottom of this page).

Work placement module/period of study abroad/Erasmus

The Master's programme does not include a compulsory work placement module or period of study abroad.

If you have a qualifying degree with 210 ECTS credits, the modules of the "Accounting, Finance and Controlling" study programme cannot be substituted. Acquisitions of a work placement module or period of study abroad can only be considered if additional ECTS credits must be acquired because only 180 ECTS credits were achieved in the qualifying degree.

The general regulations for work placement modules and periods of study abroad of the Department of Business apply. Students can obtain further information on work placement modules or periods of study abroad from the head of the study programme if required. Further information on topics relating to international affairs

• Accounting
• Funding
• Controlling

University degree in the field of Business Sciences (including Engineering and Management and Business IT) totalling 180 ECTS credits

Applicants with a foreign university entrance qualification must provide evidence of German skills at level C1 (DSH-2 or equivalent).

They must also have English skills at level B2. This does not apply to applicants who have obtained their university entrance qualification in an English-speaking country or who have already completed university studies predominantly in English.

Applicants with a foreign university entrance qualification must provide evidence of German skills at level C1 (DSH-2 or equivalent).

Winter semester:

With German educational certificates: 15 April to 30 September; with foreign educational certificates: 1 March to 30 September

Summer semester:
With German educational certificates: 15 October to 31 March; with foreign educational certificates: 1 September to 31 March