Business administration is a very popular subject because it opens many doors and offers just as many opportunities for further training - 160 German universities offer up to 285 courses in this area alone. If you think that business studies are pretty boring and the students are dull, then you are wrong. Of course, business administration involves constantly playing with numbers, but marketing and management knowledge is also taught alongside accounting and economics. But anyone who sees their future in numbers should know about the importance of accounting in business studies.
What do you do in business administration?
First and foremost, you will of course acquire basic business and methodological knowledge in the following areas:
- In general business administration
- financing
- law Sciences
- Economics
- production
- Business mathematics
- Marketing and Management
- Supply chain management
- statistics
- human Resource
As you can see, accounting is an essential part of many areas of your studies. Since many students work as controllers or accounting calculators after graduation, in-depth knowledge of accounting, associated processes and of course the use of existing software programs is required. Comparing different accounting software programs is worth it!
The importance of accounting in your future career fields
Up to 60 or even 70 percent of all job advertisements on various job boards and job markets are for business economists, because alongside marketing and sales, this is the largest area in which you will find a position as a trained business economist. Accounting plays the biggest role, especially in controlling and accounting or as a tax advisor and auditor. You are then responsible for all financial matters of a company and therefore bear a high degree of responsibility - because companies, businesses and companies ultimately rely on you to have their finances under control and to keep an overview.
Professional fields in finance and accounting
Controllers
As a controller, you make a crucial contribution to the corporate culture because you have an overview of the entire range of numbers. You create and maintain internal and external reporting, monitor the planning, management and control of the operational performance process, and ensure transparency in business processes. Of course, the focus is on a confident handling of numbers, as investment, cost and performance calculations as well as business calculation techniques also fall within your area of responsibility.
Accountant
As an accountant , you need certified further training to qualify as a certified accountant. In this job you have a lot of responsibility, as you are responsible for business accounting and accounting as well as for determining and setting up the accounting system.
Tax advisors and auditors
tax consultant
Tax advisors act as advisors in all tax and business matters. Here, too, you have to take an exam because this title, like that of accountant, is protected by law. You can find information about this here .
Auditors
Your tasks include economic audits, company and distribution issues, advice on mandates and the analysis of overall economic situations. You audit annual financial statements and can act as an expert.
Don't be afraid of mathematics when studying business administration
A certain affinity for numbers can't hurt in business administration, because you won't be able to avoid various math courses, especially when it comes to accounting. However, that doesn't mean that you have to throw in the towel on business administration: just get the right support! For example, find out about this math tutoring offer, which is tailored specifically to students. If you have a problem with statistics in particular, you can get help from qualified lecturers. Thanks to understandable statistics tutoring, they will explicitly prepare you for exams or help you with final papers, homework or in general before or during your studies.
Conclusion: accounting in business administration
In principle, business administration deals with all issues and processes in a business or company. Accounting and financial administration are very important because no company can do without functioning accounting. Ultimately, every operating process is about capital: whether it is incoming or outgoing goods, cost discussions with suppliers, manufacturing processes, salaries or loans - everything must be documented in detail and correctly to ensure the smooth running of a company.
What role does accounting play in business studies?
