Finance Service

The Finance Service has the overall responsibility of the financial administration and management of the University, and its main aim is to provide information and process financial data accurately and promptly.

In order to achieve its goal it is responsible for  the Implementation of all Financial Activities including :

  • Book-Keeping services and preparation of statutory accounts in accordance with International Accounting Standards
  • preparation of Management Accounts
  • preparation and monitoring of annual budget
  • Development of supplementary budgets in communication with the University Council
  • Preparation of monthly cash flows
  • Comprehensive costing system for all departments
  • Communication and collaboration with internal and external auditors

The service is also responsible to ensure that the research programs comply with the rules and regulations of both the University and Sponsors. This includes:

  • Final Checking of Research Programs budgets
  • Provision of accounting services for research programs
  • Review of the accounting reports of research programs

The service is also responsible for:

  • Constructing tenders for all University purchases and setting up relevant contracts
  • Overseeing the purchase procedures and maintain stock control for all University property
  • Maintenance of Fixed-Asset Register


For any information regarding student payments please contact the Cashier's Office at the corresponding campus (Nicosia, Limassol).

For any further information regarding the Finance Service, communicate with Maria Spyrou :

  • telephone: +357 22394394 ext 198
  • Contact