Finance and Accounting

Key areas

  • Administrative accounting (externally)
  • Cost and performance accounting (internally)
  • Operative controlling (internally)
  • Budgeting

The team “Finance and Accounting” reflects the economic situation of the institute, both internally and externally. In accordance with the requirements of the German Commercial Code, we gather data on balance of accounts, profit and loss account, management report, cash flow statement and inventory within financial accounting. In doing so, we are able to provide information on the current economic status of the institute, enabling us to support the economic planning, management and governance of the institute.

We inform external bodies as part of our obligation to publicly disclose such information and answer to our shareholders, authorities and the general public when necessary. Furthermore, we are also an important source of information for all decisions which are made internally. This includes the monitoring, disposition and documentation of all data related to the internal performance processes.

As part of cost and performance accounting and operational controlling, we devote ourselves to the planning, monitoring of resources and commercial supervision of internal performance processes (e.g. scientific research projects, training courses) as well as our reporting system. In agreement with the board of directors, we also draw up the budget and financial modelling. Budgeting makes it possible for us to come up with a target-performance analysis in close association with administrative accounting and also a realistic planning calculation.