Requirements
For the training to become a Certified Balance Accountant (IHK), a completed commercial vocational education, as well as several years of professional experience in accounting or finance is typically required. Alternatively, individuals without completed vocational training may also be admitted if they possess sufficient relevant work experience. The exact requirements are determined by the IHK.
Structure of the Certified Balance Accountant Training
The training to become a Certified Balance Accountant provides comprehensive knowledge in finance and accounting and is divided into various subject areas:
- Recording business transactions and concluding them according to the principles of proper accounting (GoB)
- Preparing and analyzing annual financial statements according to commercial and tax law
- Applying cost accounting and performance accounting as well as planning accounting
- Financial management and liquidity planning
- Tax law questions and corporate taxation
- Legal framework of financial accounting and reporting
Career Perspectives
With a degree as a Certified Balance Accountant (IHK), various career opportunities arise. Balance accountants take on leading positions in accounting within companies of all sizes and industries. Their tasks include preparing balance sheets, monitoring accounting processes, analyzing a company’s financial situation, and collaborating with auditors and tax advisors. Balance accountants are also capable of analyzing business metrics and supporting decisions in financial management.
Certified Balance Accountant Examination
The examination for the Certified Balance Accountant is conducted by the Chamber of Industry and Commerce (IHK). It consists of written exams in the areas of accounting, annual financial statements, tax law, financial management, and cost accounting, as well as an oral exam conducted in the form of a discussion.
Further Education Opportunities
After earning the title of Certified Balance Accountant (IHK), there are opportunities to further specialize, for example, in the areas of tax law, controlling, or auditing. The further training to become a business economist (IHK) or pursuing an advanced degree in finance or business administration are also popular options for climbing into higher leadership positions.
Funding and Financing
The training to become a Certified Balance Accountant can be funded through the Aufstiegs-BAföG. This financial support consists of a grant and an interest-reduced loan, which is partially forgiven after successful completion.