Updated on May, 23 2024 06:55 IST
Study Finance Auditing Controlling, Taxation in Germany
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Finance Auditing Controlling, Taxation (FACT) in Germany is a 3-year program offered at German universities. It is a type of college degree that teaches you about money and how to make sure it's being used correctly. Finance is about managing money for individuals and companies. Auditing is about checking the books and making sure all the money is accounted for. Controlling is about making sure the company is following all the rules and regulations. Taxation is about figuring out how much money people and companies owe in taxes and helping them to pay the right amount. In this degree, you'll learn how to do all these things so that people and companies can make smart decisions with their money. After you finish your degree, you can use these skills to help people and companies make the best choices with their finances. In this article, we will discuss the advantages of getting admission to bachelors in Finance, Auditing Controlling, and Taxation (FACT) in Germany.
| Program | Study Finance Auditing Controlling, Taxation in Germany |
| Course Duration | 3 to 5 years |
| Language of Instruction | Primarily German for Bachelors, rarely English (for private institutions) |
| Tuition Fees | Free in Public Universities |
| Living Cost in Germany | 700-1000 EUR per month |
| Other Fees | Around 50,000 EUR per annum |
| Sessions | Summer and Winter |
One of the top destinations for higher education is Germany. With its rich culture and renowned universities, Germany offers a unique and stimulating learning environment. A popular field of study is Finance, Auditing Controlling, and Taxation (FACT). Here are six reasons why you should consider pursuing your studies in Germany:
Comprehensive Curriculum : The Bachelors in Finance, Auditing, Controlling, Taxation (FACT) program in Germany offers a comprehensive curriculum that covers all aspects of finance, auditing, and taxation.
Develop valuable skills: Studying FACT in Germany will help you develop important skills, like problem-solving, critical thinking, and communication, that are useful in many careers.
Lots of job opportunities: After you finish your degree, you will have many options for jobs, like working as an auditor, tax consultant, or financial analyst.
Learn from experts: Germany is known for having some of the best universities in Europe, and you will have the opportunity to learn from experienced professors who are experts in finance, auditing, controlling, and taxation.
Study in a diverse and international environment: Germany is a popular destination for international students, so you will have the opportunity to meet and learn from people from all over the world.
Gain a solid education: A FACT degree from a German university will give you a strong foundation in finance, auditing, controlling, and taxation, and will prepare you for a successful career.
Students are required to follow the following eligibility criteria to secure admission in finance and auditing:
Schooling: Students should have completed their 10+2 high school with an 8.5 CGPA. Students must have a high CGPA if they want to get admission into top universities.
Preparatory Course: Students should have 13 years of experience, which includes 12 years of high school and one year of preparatory courses.
Language mode: German universities have German and English as their languages of instruction for bachelor's programs. There are various criteria for which it is necessary to have TOEFL or IELTS certification. Students need to obtain a 90–100 in TOEFL and a 6.5-7 band score in IELTS.
LOR: Students need to submit a letter of recommendation to be eligible to pursue a bachelor's in finance and auditing from a German university.
SOP: Statement of Purpose is also a mandatory criterion for admission to German universities. It must include your details, your plans for the future, and why you want to pursue this degree.
The universities of Germany follow up with a particular language of instruction for the Finance Auditing Controlling Taxation course. The details of the language that the students have to study at the German universities are:
In German universities, both English and German are the languages of instruction.
There are specific criteria that students must meet and need to follow when choosing the mode of language to study for their bachelor's in finance and audit program.
For choosing the German language, it is necessary to obtain B2 or C1 level certification.
To choose English as the language of instruction, students need to obtain a 90–100 on the TOEFL test or a 6.5-7 band score on the IELTS.
The universities will follows a particular application deadline for all the courses that they offer. The details of the application deadline for the Finance Auditing Controlling Taxation program from the University of Germany are:
There are two intakes for taking admission to German universities. The deadline may differ from one university to another.
The deadlines for both intakes are different from each other.
You need to submit your application before July 15th for admission to the winter intake.
The deadline for application submission is January 15th in summer intake.
A large number of students apply to finance and auditing courses during the winter intake. Students are advised to keep visiting the website of their desired university for better clarity.
Here is a comprehensive list of documents you require in order to fulfill your admission -
Certificate of class 10+2 and school leaving certificate
Certificate of German language proficiency
Certificate of English language proficiency
SOP, or Statement of Purpose
LOR, or Letter of recommendation
Birth certificate as age proof
Copy of the application form
Income Proof
Academic transcript
Student Visa
ID proof
Passport of the student
Acceptance letter from the university
Passport-size photograph
The tuition fees for studying at the German universities are zero or are very low. The details of the fees for studying the Finance Auditing Controlling Taxation program are:
The fee structure is different in all the German universities for this course.
Public universities are more reasonable than private universities.
In public universities, the fee structure of a bachelor's program is 100-500 EUR. Whereas in private universities, the fee structure is 40,000 EUR.
The fee structure of top German universities for bachelor's finance and auditing programs are as follows:
| Top German Universities | Fee Structure in EUR |
|---|---|
| LMU Munich | No Tuition Fees but 100 EUR as a semester contribution |
| University of Mannheim | 1500 |
| Free University of Berlin | No Tuition Fees |
| RWTH Aachen University | No Tuition Fees |
| Humboldt University of Berlin | 315 |
In order to make your education process easier, there are various scholarships available that you can apply for.
DeutschlandStipendium National Scholarship
Provides finance and travel allowance
Offers EUR 300 per month
Most talented international students can avail of this scholarship.
DAAD Scholarship
The most popular scholarship in Germany
Applicable for all students in research or bachelor program
Offer EUR 861 for bachelor courses
Hamburg University of Applied Sciences Scholarships
Fully and partially funded as per the course
Offer EUR 400
Friedrich Ebert Stiftung Scholarship
Offer grants to international students
40 scholarships per year for students
Students with excellence in academics and avail of this scholarship
Many students are taking advantage of the free study in Germany for Bachelors in Finance, Auditing Controlling, and Taxation (FACT). So, if you're interested in pursuing a career in this field, studying at the following universities might be a great option for you:
Humboldt University of Berlin
Goethe University Frankfurt
LMU Munich
Technical University of Munich
University of Stuttgart
University of Hamburg
University of Mannheim
Free University of Berlin
RWTH Aachen University
University of Frankfurt School of Finance & Management.
There is a procedure that needs to be followed by students if they want to secure admission to German universities. Primarily, students are required to do consulting before applying to German universities:
Consultancy: Students should do consulting before taking admission into the bachelor's in finance and auditing program in Germany. You will have better insights about the course after intensive consulting with Anigdha experts.
University selection: Selecting a university is the most difficult task. Our experts guide students in shortlisting the university as per the suitability of the finance and auditing programs.
Document Submission: There are a lot of documents required while taking admission to German universities. Our experts assist students in collecting all the required documents.
Pay Fees: Once students submit their documents and apply for a bachelor's program, they need to pay the required fees, after which they receive a confirmation email from a German university regarding admission.
Miscellaneous services: We also offer various services, like preparing students for interviews and essential language proficiency tests like IELTS and TOEFL. We help students with visa and passport applications and so on.
Want to secure admission to a German university? Contact Anigdha to fulfill your dream!
Will a Bachelors in FACT provide me with the skills to become a Certified Public Accountant (CPA)?
A Bachelors in FACT will provide you with a strong foundation in finance, accounting, and taxation, but additional education and certification may be required to become a CPA.
Can I specialize in a specific area of finance, auditing, and taxation during my Bachelors in FACT in Germany?
Yes, many FACT programs offer specializations, such as corporate finance, auditing, tax consulting, or financial management. This allows students to tailor their education to their career interests and goals.
Is practical experience an important part of a Bachelors in FACT in Germany?
Yes, practical experience is a crucial component of a FACT program. Many programs offer internships, co-op opportunities, and real-world projects to help students apply what they have learned and gain hands-on experience in the field.
What is the eligibility for Bachelors in Finance Auditing Controlling, Taxation (FACT) in Germany?
You need a high school diploma and meet language requirements. Some universities may also require test scores or prior coursework in related subjects. Check with the university for specifics.
How is FACT related to business and finance?
FACT provides a comprehensive understanding of finance, accounting, and taxation, which are crucial components of the business world. This knowledge and skill set are highly valued by employers in the finance and accounting industries.
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