The Accounting and Finance program aims to provide high quality education and training in the functional disciplines of accounting and finance. In formulating the program, consideration was given to the possibility of earning exemptions from British Professional Chartered Accountancy bodies, given that accountancy qualifications are primarily designed to help the business community meet its obligations for keeping accurate accounting records and for taking sound financial decisions.
The program took cognizance of the fact that academic courses offered at the University should prepare students to meet the practical needs of industry and the profession. In particular, the Accounting and Finance program aims to help the students to develop an understanding of the concepts and analytical skills to study, report, and analyze business activities effectively, through offering a curriculum that maps to the Cyprus Agency of Quality Assurance and Accreditation in Higher Education (CYQAA) academic benchmarks and yet satisfies the accreditation requirements of the ICAEW, ACCA, CIMA, AIA, the CPA, Australia and the CPA, Ireland, for examination and exemption purposes.
Graduation from a six-year public or private school of secondary education formally registered by the Ministry of Education, Culture, Sport and Youth of the Republic of Cyprus or the Ministry of Education, Research and Religious Affairs of the Republic of Greece. In addition, evidence that the applicant is competent in written and spoken Greek for courses taught in the Greek language or English through IELTS (Bands 5.5 – 6) or equivalent qualification, for courses taught in the English language*, plus successful completion of a personal interview with our Admissions Officer and a member of the academic staff from the relevant department, either in person, by phone or Microsoft Teams;
General Certificate of Education with a pass mark in five courses, including two courses at Advanced Level and Ordinary passes in English Language or an equivalent qualification;
General Certificate of Education with a pass mark in four courses, including three courses at Advanced Level and Ordinary Level passes in English Language or an equivalent qualification;
Successful completion of a university Foundation program or an equivalent qualification;
Successful completion of 12 years of schooling and in addition, evidence that the applicant is competent in written and spoken English* through IELTS (Bands 5.5 -6) or equivalent qualification, plus successful completion of a personal interview with our Admissions Officer and a member of the academic staff from the relevant department, either in person, by phone or Microsoft Teams.
All students are required to take standardized placement tests in English and Mathematics. These tests are administered by the University during the orientation week and aim to assess each student’s potential. These tests measure quantitative and verbal aptitudes. All test scores are then screened by a panel. Appropriate programs are then drawn up to assist students in light of the observations made by the panel. Holders of the General Certificate of Education in English and Mathematics or an equivalent qualification are exempted from the placement tests.
Upon successful completion of the Accounting and Finance program, graduates will be able to:
• Prepare and analyse financial and management accounts, statements and reports, and give appropriate advice;
• Demonstrate an understanding of the constraints on accountants and managers imposed by economics and legal factors;
• Prepare tax computations and give advice on personal and corporate tax issues;
• Apply financial management theory and techniques and give appropriate advice on financing, investment and distribution;
• Communicate and apply knowledge and understanding of the principles of business information systems management at an appropriate level;
• Apply the principles of internal and external auditing in relation to financial review, control, accountability, and assurance.
The blend of specific accounting and finance modules with a wider understanding of business gives the graduates both a strong foundation in the subjects and an application of how accounting and finance are applied in real–worth business situations.
Graduates with accounting and finance skills are in constant demand around the world, with graduates going on to gain employment in a wide range of companies, from professional accountancy firms to large multinational operations. With a high level of professional exemptions from accredited British Accountancy Bodies, ICAEW, ACCA, CIMA, AIA, the CPA, Australia and the CPA, Ireland, this challenging course will help holders of the BA (Hons) degree to become qualified accountants, start work in a finance-related career or to proceed to higher degrees/research.
Students studying towards the BA (Hons) degree in Accounting and Finance are required to take a minimum of 240 ECTS. Eighty-five (85) of the required 240 minimum ECTS come from General Electives and the remaining 155 ECTS come from the student’s chosen field of study.
On graduation each candidate for an Honours Degree must have:
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