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Finance, Auditing, Controlling, Taxation (FACT) (MSc)

What is the degree programme about?

Finance, Auditing, Controlling, Taxation (FACT) prepares graduates with a Bachelor's degree for demanding positions in finance, internal and external accounting, tax consultancy and auditing. It is based on many years of experience in training students in the aforementioned areas and was set up in collaboration with partners from industry.

The highly flexible degree programme allows students to choose from a wide range of specialisations in the fields of finance, auditing, controlling and taxation as well as related areas such as insurance. The wide range of options allows, among other things, preparation for the state tax advisor and auditor examination. (The course is recommended by the BStBK, the German Federal Chamber of Tax Consultants.)

Furthermore, the University places great importance on practice and has many partners from industry who give lectures or are involved in other modules in the degree programme. Students come into contact with a wide range of companies, from medium and large auditing companies to DAX-listed enterprises.

What type of Bachelor's degree do I need?

The degree programme is open to graduates with a Bachelor's degree in business and economics or a related subject (international business studies, industrial engineering and management, business information systems, commercial law, mathematical economics, etc.). In certain cases, graduates from other areas related to business and economics may be accepted (e.g. teaching degrees). More information about admission requirements is available below.

If you are interested in the degree programme and have a degree in a different subject or a degree from a different university in Germany or abroad, please contact the degree programme coordinator.

Modules and degree programme structure

The FACT Master's degree programme is a full-time degree programme consisting of compulsory modules (30 ECTS credits), specialisation modules (60 ECTS credits) and a Master's thesis (30 ECTS credits). The specialisation modules, worth a total of 60 ECTS credits, are selected from a range of options with a total of up-to-date 335 ECTS credits. Full details of all modules are available in the module handbook.

If certain specific combinations of subjects are completed, students may be awarded additional certificates demonstrating advanced knowledge (FInFACTs and TaxFACTs certificates). The degree programme website provides detailed information about possible modules, specialisations and additional certificates as well as example study plans and timetables in the winter and summer semesters. Information about the degree programme and certificates is also published by the School of Business and Economics.

Subject knowledge

Students gain knowledge of various subjects over the course of the degree programme. The core subjects of the degree programme can be roughly divided up as follows: Knowledge in the 'Finance' section is related to banking, the stock exchange, companies and financial service providers.

The knowledge to be acquired in the 'Auditing' section (which includes accounting) is based on the areas examined in the Wirtschaftsprüferexamen for which this degree programme aims to prepare students. This includes the ability to prepare and analyse financial statements. The aim, however, is to regard the material critically, which may lead to different perspectives than those commonly accepted in the profession.

The knowledge to be acquired in the 'Controlling' section mainly concerns financial accounting involving different values, maturities and areas of application (such as the systems and methods of costs and revenue accounting, models and processes in investment accounting or deviation analysis). This is closely linked to knowledge of controlling that deals with non-monetary values and figures, planning and control techniques, budgeting and transfer pricing systems, and other possible elements of managerial subsystems.

The topics in the 'Tax' section are based around the subjects of the Steuerberaterexamen (tax consultant examination) and the tax-related part of the Wirtschaftsprüferexamen, although the intention is not to cover all areas of these examinations (e.g. law governing the professions) to the same level. The degree programme does however include courses on tax planning. The objectives and methods of tax planning are an important part of the profession, despite not being included in the Steuerberaterexamen.


A list of FAQs and the respective answers is available here on the degree programme website.

Admission requirements

Applicants must pass an admission examination in order to formally apply. Current information about the location, date and time of the next admission examination is available here on the degree programme website. Applicants who have passed the GMAT with a minimum of 600 points may be exempted from the examination. This mainly applies to international students and external applicants for whom it is difficult to attend the examination.

Bachelor's students who have not yet completed their degree programme may also apply on the condition that they have completed a certain number of ECTS credits. More information is available here.

All applicants must go through the qualification assessment process in which the (provisional) Bachelor's degree grade, admission examination grade (or GMAT) and other key factors such as work placements, stays abroad, student trainee positions and student assistant positions will be taken into account. Proof must be provided in order for these factors to be considered. A qualification assessment process may be carried out if necessary.

Degree programme start date and application deadlines

Please find more detailed information on how to apply for a Master or advanced degree programme on the following website:

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Please note: Despite careful checks, we cannot rule out errors or omissions. For this reason, all prospective students are advised to seek detailed information from FAU's Student Advice and Career Service (IBZ) before commencing their studies.

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Degree type: Master of Science (MSc)
Type of study: Master
Location: Nuremberg
Standard duration of study: 4 Semester
Start date of degree programme: Summer Term, Winter Term
Language: German
Admission: Admission Test
Early entrance programme: no
Part-time study: no
Faculty: Faculty of Business, Economics, and Law