BA in Accounting<br>and Finance
School of Business & Law

BA in Accounting
and Finance

BA in Accounting<br>and Finance
School of Business & Law

BA in Accounting
and Finance

PROGRAM DETAILS

Duration4 years

Fees
€8,280 per year

LanguageEnglish

CampusLimassol

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Qualification Awarded BA Accounting and Finance
Level Of Qualification Bachelor (1st Cycle Degree)
Offered by Department of Business, Accounting and Finance
Mode of Study Full Time or Part Time

The Program aspires to contribute to strengthening Cyprus’ competitive advantages in financial services in the European and global context. As a direct response to the needs of the society and of the industry, the program aims to provide students with the knowledge and skills needed for a career and further academic progression of studies in accounting and finance. The design of the program syllabi provides both the academic and practical knowledge needed for laying the foundation for postgraduate studies in accounting and finance and obtaining professional qualifications in accounting.

The main objectives of the program can be summarized as follows:
- To equip students with knowledge, competencies, and professional integrity to effectively function as specialists in the field of accounting and finance.
- To endow students with independent critical thinking, encourage creativity and academic rigor to pursue career goals and further graduate studies.
- To provide students with the opportunity to pursue a professional accounting qualification (such as ACCA, ACA etc.) with the advantage of obtaining significant exemptions from the exams from certain accounting bodies (e.g., Association of Chartered and Certified Accountants (ACCA), the Institute of Chartered Accountants of England and Wales (ICAEW) and the Association of International Accountants (AIA).
- To prepare students for a career in the investment industry by following closely the chartered financial analyst (CFA) curriculum preparing students wishing to pursue the CFA qualification.

The language of instruction is English.

Consistently with the mission of the university for fostering academic excellence, the program sets the following learning outcomes:

1. Record, analyze, report, and interpret financial accounting information for external reporting purposes.
2. Interpret financial information for management (internal reporting) purposes and perform cost and management accounting.
3. Use techniques and methods for preparation and audit of financial statements.
4. Outline and apply auditing theories and auditing standards.
5. Prepare tax computations in various areas of taxation for both individuals and companies and make suggestions for tax planning.
6. Apply finance techniques for capital budgeting and financing of investments.
7. Analyze financial issues relating to financial markets and the risk management of financial institutions.
8. Analyze and understand the use modern financial techniques for portfolio investments, evaluating risk and the valuation of securities.
9. Synthesize the functions of the international financial markets and the operation of the EU executive institutions.
10. Develop computer and statistical skills for analyzing data, reading, and understanding academic literature and performing research.
11. Develop specific communication skills for presentation and written reports, learn how to work in groups and participate in joint projects.
12. Develop the skills necessary to perform teamwork and leadership, creativity and information retrieval and research.
13. Enable students to cope with assessing economic information and evaluating different beliefs and opinions, develop their own set of arguments and values and apply theories to problem and economic policy issues.
14. Develop important management skills for understanding the structure of organizations and managing human resources.
15. Apply knowledge and understanding for navigating their businesses within the legal framework as applicable to individuals and corporations.

The program provides the following exemptions from professional accounting bodies:
- Up to 9 out of 13 examinations of the Association of Chartered and Certified Accountants (ACCA)
- Up to 8 out of 15 examinations of the Institute of Chartered Accountants of England and Wales (ICAEW)
- Up to 9 out of 14 examinations of the Association of International Accountants (AIA)Eligible to have full exemptions from the ACCA’s Foundations in Accounting (FIA) qualification. These include the following:
     - ACCA Diploma in Financial and Management Accounting (RQF Level 2).
     - ACCA Diploma in Financial and Management Accounting (RQF Level 3)
     - ACCA Diploma in Accounting and Business (RQF Level 4).
- Due to the exemptions from FIA students who complete the degree program are offered a technician-level qualification – the Certified Accounting Technician (CAT) Qualification. To achieve this award, they also need one year's relevant practical experience in an accounting role and completing an online course in ethics.
- Students who complete the degree program may be eligible to up to 5 out of 6 exams from the ICAEW Business and Finance Professional (BFP). To achieve this qualification, they also need one year's relevant practical experience in an accounting role, an online course in ethics and passing the exams for which exemptions are not awarded.

The above exemptions pave the way for graduates to obtain professional qualifications that are invaluable for a career in accounting and finance.

The graduates of the accounting and finance program obtain the knowledge and skills required for a career in the accounting and more broadly in the financial sector. The graduates of the program are employed as accountants or financial analysts in accounting and audit firms, banks, financial consulting firms and investment companies. They also fulfil the requirements for employment in the public and private sectors in management related positions utilizing their skills and knowledge in accounting and financial analysis.
Specific Admission Requirements
There are no specific admission requirements for this Program. Candidates can be admitted to the Program only if they satisfy the general admission requirements of the University.

Recognition of Prior Learning
There are no specific arrangements for recognition of prior learning for this Program. Candidates can be granted transfer credits according to the general arrangements for recognition of prior learning of the University.
Examination Regulations, Assessment and Grading
There are no specific examination regulations, assessment and grading methods employed by this Program. The examination regulations, assessment methods and grading system for this Program are the same as the relevant general university regulations.

Graduation Requirements
Students are eligible for graduation after successfully completing 240 ECTS credits in the courses listed in the Program Structure.
Furthermore, a student can graduate only if their CGPA is greater or equal to 5.00 out of 10.00. Graduating students with a CGPA less than 5.00 might have to take extra courses or repeat a number of courses in order to improve their grades.

Access to Further Studies
The graduates of the Program have access to graduate studies (2nd and 3rd Cycle) in disciplines related with the discipline of Accounting and Finance and also gain access to professional qualifications (ACCA and AIA) with major exceptions from the professional examinations of professional accounting bodies.
Module Group
ECTS

The student must successfully complete 174 ECTS, from the following list of modules:

No.CodeNameECTSHours / week
1ABSA101INTRODUCTORY ACCOUNTING I63
2ABSA102INTRODUCTORY ACCOUNTING II63
3ABSA203INTERMEDIATE FINANCIAL ACCOUNTING I63
4ABSA204INTERMEDIATE FINANCIAL ACCOUNTING II63
5ABSA205COST AND MANAGEMENT ACCOUNTING I63
6ABSA206COST AND MANAGEMENT ACCOUNTING II63
7ABSA307ADVANCED ACCOUNTING PRACTICE63
8ABSA408AUDITING THEORY & PRACTICE I63
9ABSA411AUDITING THEORY & PRACTICE II63
10ABSA413TAXATION I63
11ABSA414TAXATION II63
12ABSE101INTRODUCTION TO MICROECONOMICS63
13ABSE102INTRODUCTION TO MACROECONOMICS63
14ABSL210BUSINESS LAW I63
15AFIN101BUSINESS FINANCE I63
16AFIN102BUSINESS FINANCE II63
17AFIN203CORPORATE FINANCE63
18AFIN204DERIVATIVES & RISK MANAGEMENT63
19AFIN305FIXED INCOME & FINANCIAL INSTITUTIONS63
20AFIN306INVESTMENT ANALYSIS, PORTFOLIO THEORY & MANAGEMENT63
21AFMA101MATHEMATICS I63
22AFMA102MATHEMATICS II63
23AFOT101INTRODUCTION TO ORGANIZATIONAL THEORY I63
24AFOT102INTRODUCTION TO ORGANIZATIONAL THEORY II63
25AFPR449SENIOR PROJECT I63
26AFPR450SENIOR PROJECT II63
27AFRM203RESEARCH METHODOLOGY 63
28AMAT112STATISTICS I63
29AMAT210STATISTICS II63

The student must successfully complete 54 ECTS, from the following list of modules:

No.CodeNameECTSHours / week
1AFAP300PLACEMENT INTERNSHIP63
2ABSA308ADVANCED ACCOUNTING THEORY63
3ABSA310INTERNATIONAL ACCOUNTING63
4ABSA405ADVANCED MANAGEMENT ACCOUNTING I63
5ABSA406ADVANCED MANAGEMENT ACCOUNTING II63
6ABSA409AUDITING THEORY63
7ABSA412CORPORATION TAX63
8AFAT420ADVANCED TAXATION I63
9AFAT421ADVANCED TAXATION II63
10AFBE320ACCOUNTING AND BUSINESS ETHICS63
11AFRE410CONTEMPORARY FINANCIAL REPORTING ISSUES63
12ABSL310BUSINESS LAW II63
13ABSO204HUMAN RESOURCES MANAGEMENT63
14ABSO307BUSINESS POLICY AND STRATEGIC MANAGEMENT63
15ABSE205MANAGERIAL ECONOMICS63
16ABSE204MACROECONOMIC ANALYSIS63
17ABSE405ECONOMETRIC METHODS103
18ABSE402CONTEMPORARY ECONOMIC ISSUES63
19ABSE280INTERNATIONAL ECONOMICS63
20ABSE302MONEY AND BANKING63
21ABSE303PUBLIC ECONOMICS103
22AFIN307FINANCE IN CONTINUOUS TIME103
23AFIN308 TOPICS IN EMPIRICAL FINANCE102+1
24AFIN309FINANCING START-UP VENTURES63
25AFIN411INTERNATIONAL FINANCE63
26ACSC106ACCOUNTING INFORMATION SYSTEMS62+1
27ACSC103COMPUTER APPLICATION PACKAGES63
28ACSC105BUSINESS INFORMATION SYSTEMS63
29ABCO101BUSINESS COMMUNICATION I63
30ABSM101MARKETING PRINCIPLES63
The student must successfully complete 12 ECTS from courses that can be considered as free electives. A free elective is considered any course offered by another Department for which the student is eligible to register
Total
240
Semesters
ECTS
No.CodeNameECTS
1ABSA101INTRODUCTORY ACCOUNTING I6
2ABSE101INTRODUCTION TO MICROECONOMICS6
3AFIN101BUSINESS FINANCE I6
4AFMA101MATHEMATICS I6
5BUSINESS ELECTIVE6
TOTAL30
No.CodeNameECTS
1ABSA102INTRODUCTORY ACCOUNTING II6
2ABSE102INTRODUCTION TO MACROECONOMICS6
3AFIN102BUSINESS FINANCE II6
4AFMA102MATHEMATICS II6
5AFOT101INTRODUCTION TO ORGANIZATIONAL THEORY I6
TOTAL30
No.CodeNameECTS
1ABSA203INTERMEDIATE FINANCIAL ACCOUNTING I6
2ABSA205COST AND MANAGEMENT ACCOUNTING I6
3AFOT102INTRODUCTION TO ORGANIZATIONAL THEORY II6
4AMAT112STATISTICS I6
5BUSINESS ELECTIVE6
TOTAL30
No.CodeNameECTS
1ABSA204INTERMEDIATE FINANCIAL ACCOUNTING II6
2ABSA206COST AND MANAGEMENT ACCOUNTING II6
3AFIN203CORPORATE FINANCE6
4AMAT210STATISTICS II6
5BUSINESS ELECTIVE6
TOTAL30
No.CodeNameECTS
1ABSA408AUDITING THEORY & PRACTICE I6
2ABSA413TAXATION I6
3AFIN204DERIVATIVES & RISK MANAGEMENT6
4BUSINESS ELECTIVE6
5BUSINESS ELECTIVE/FREE ELECTIVE6
TOTAL30
No.CodeNameECTS
1ABSA411AUDITING THEORY & PRACTICE II6
2ABSA414TAXATION II6
3AFRM203RESEARCH METHODOLOGY 6
4BUSINESS ELECTIVE6
5BUSINESS ELECTIVE6
TOTAL30
No.CodeNameECTS
1ABSA307ADVANCED ACCOUNTING PRACTICE6
2ABSL210BUSINESS LAW I6
3AFIN306INVESTMENT ANALYSIS, PORTFOLIO THEORY & MANAGEMENT6
4AFPR449SENIOR PROJECT I6
5BUSINESS ELECTIVE/FREE ELECTIVE6
TOTAL30
No.CodeNameECTS
1AFIN305FIXED INCOME & FINANCIAL INSTITUTIONS6
2AFPR450SENIOR PROJECT II6
3BUSINESS ELECTIVE6
4BUSINESS ELECTIVE6
5BUSINESS ELECTIVE/FREE ELECTIVE6
TOTAL30


 

 
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The delivery of the program of study is supported by the following members of staff:

RankName
Associate Professor - Programme Coordinator Dr. Nicos Koussis
Associate ProfessorDr. Petroula Mavrikiou
Associate ProfessorDr. Bernard Musyck
Associate ProfessorDr. Petia Tanova
Associate ProfessorDr. Nina Zeniou Gorovaia
Assistant ProfessorDr. Marios Charalambides
Assistant ProfessorDr. Stavros Georgiades
Assistant ProfessorDr. Elena Ketteni
Assistant ProfessorDr. Michalis Makrominas
Assistant ProfessorDr. Christos Minas
Assistant ProfessorDr. Eleni Tsolaki
Assistant ProfessorDr. Ioannis Voudouris
LecturerDr. Andreas Georgioy K
LecturerDr. Athanasia Tzortzi
Visiting LecturerDr. Christoforos Andreou
Visiting LecturerDr. Antonis Michis
Special Teaching StaffMr. Nearchos Ioannou
Special Teaching StaffMs. Sofi Papatheocharous
Special Teaching StaffMr. Michalis Skoullou
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Nicosia +357 22 394394 Limassol +357 25 730975