Controlling & Finance

We drive economy at Volkswagen. Financially too.

Everything here revolves around core financial reporting and management processes in the Volkswagen Group, that is to say Controlling, Accounting, Taxation & Customs and Treasury. You know you can count on us.

Welcome!

We look after the figures at Volkswagen. We differentiate between the areas of Controlling, Accounting, Taxation & Customs and Treasury within the Finance & Controlling division.

Working in Controlling & Finance

The Controlling department has an important role as business advisor to management at all levels of the company. Through coordination of corporate planning based on analyses, profitability studies as well as management-oriented reporting, it ensures targeted orientation of the entire company and its products. Controlling provides management with management-related information – and ensures transparency in the decision-making process.

Accounting

Group Accounting and External Reporting is responsible for financial accounting, in other words for the preparation and analysis of the monthly financial statements for the Volkswagen Group and for subsidiaries. It therefore provides an essential basis for financial management and reporting.

Our subsidiaries worldwide are supported by our central accounting department in Wolfsburg, with statements prepared in accordance with the International Financial Reporting Standards (IFRS). For companies in Germany, statements are also prepared in accordance with the German Commercial Code (HGB). We provide support to Group companies worldwide for questions regarding the interpretation of the IFRS and develop standardised accounting guidelines, which all companies must adhere to in the preparation of their financial statements.

Other tasks include financial publication along with preparation of the annual and quarterly company reports for Volkswagen AG and continuous reporting to the Supervisory Board. Furthermore, Group Accounting is regularly involved in due diligences and the preparation of share prospectuses relating to capital market transactions.

Taxation and Customs

The Taxation and Customs department acts as the internal tax and customs advisor for all Group companies and is also the contact for the relevant authorities. As well as compliance, the main tasks of this department are tax management and tax consulting.

The department’s compliance-related activities include preparing tax returns and supporting the auditing process. Tax management is responsible for tax planning and analysing the tax positions of the Group companies. Tax organisation primarily concerns assisting projects with tax-related matters and providing a prospective analysis of legislative changes. The department is also responsible for the Group’s foreign trade and customs processes.