The growing demand for financial advisory services has prompted Frankfurt School of Finance and Management to add a new concentration to its flagship Master of Finance programme. The Financial Accounting and Advisory concentration will be offered alongside Capital Markets, Corporate Finance and Risk Management to students starting the programme in September 2015. The new concentration is geared towards those who are interested in a career in financial consulting, whether in a consulting firm, the consulting arm of an audit firm or an in-house consulting department. With sound theoretical knowledge about how accounting information is used in decision-making and hands-on experience through an applied advisory project, graduates of the Financial Accounting and Advisory concentration will be able to provide well-rounded solutions to the needs of their clients.
Professor Dr. Edgar Loew is Head of the Financial Accounting and Advisory Concentration. He explains: “Advisory without accounting is like flying without radar. Decisions on mergers & acquisitions, on valuing a company or on restructuring definitively have to be based on knowledge of modern styles of managerial accounting and of international financial reporting standards. Also, accounting without a broader perspective has no chance in today’s competition. Pure bean counters do not provide the skills required. In a dramatically changing and highly complex environment, accountants have to be able to work as advisors, combining solid knowledge of the rules with creativity needed to meet their clients’ demands.”