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Economics & Finance
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University of Nicosia
Nicosia, Cyprus
 1243 Points
4 Years

Program Description

The Accounting programme aims to provide students with the theoretical, technical and empirical background necessary for financial problem solving and financial decision making within the complex and changing business environment.

This programme has been designed for students intending to pursue a career in accounting, or in any other area where financial accounting information and decisions are a central element. Students will have the opportunity to acquire a broad-based education which will provide a good starting point for the students’ later professional work and studies. In addition, students will receive an academic base to which problems arising in their later professional work can be referred, and a way of thinking which will help them to meet the challenges of new ideas and problems.

This course seeks to provide students with the skills employers in the field are looking for: detailed knowledge of financial accounting, financial reporting, auditing, taxation, cost and management accounting, financial statement analysis which, together with information technology skills, give you the confidence to use a wide range of accounting and business software. International developments in accounting are also emphasised.

First and second year courses offered also in Greek.

Entry Requirements

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High School Diploma (or equivalent)
English Level
TOEFL (internet based)
Michigan Proficiency (ECPE)
Cambridge Proficiency (CPE)
Cambridge Advanced (CAE)
A levels
TOEFL (paper based)

Information about admission:

  • The minimum admission requirement to an undergraduate programme of study is a recognized High School Leaving Certificate (HSLC) or equivalent internationally recognized qualification(s) and mark sheet. Students with a lower HSLC grade than 7.5/10 or 15/20 or equivalent depending on the grading system of the country issuing the HSLC are provided with extra academic guidance and monitoring during the first year of their studies.

Other English qualifications and information:

  • Students who do not possess any of the English qualifications or stipulated grades listed above and below and hold IELTS with 4.5 and above, are required to take UNIC’s NEPTON English Placement Test (with no charge) and will receive English Language support classes, if and as needed, from UNIC’s International Gateway Centre (IGC).
  • Computer-based TOEFL – 193 and above
  • Michigan Examination of Proficiency in English (CaMLA) – Pass
  • Pearson PTE General – Level 3 and above
  • KPG (The Greek Foreign Language Examinations for the State Certificate of Language Proficiency) – Level B2 and above
  • Anglia – Level B2 and above
  • IEB Advances Programme English – Pass

Objective of the Program

On completion of this programme, the student will be able to:

  • Critically evaluate accounting concepts and principles and their application in solutions to practical accounting problems, and prepare financial statements of entities, including groups of companies, using relevant financial information, accounting techniques and standards.
  • Analyse and interpret financial statements of entities, apply and evaluate financial reporting principles and practices in a range of business contexts and situations.
  • Use relevant management accounting techniques with cost information, for planning, decision-making, performance evaluation and control, within different business settings, and apply relevant knowledge, skills and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and to contribute to the evaluation of the performance of an organisation and its strategic development.
  • Apply financial management techniques to issues affecting investment, financing, and dividend policy decisions of an organisation.
  • Explain the general legal framework, and apply specific legal principles relating to business, including Cyprus legislation as applicable to individuals, single companies and groups of companies.
  • Evaluate and explain the importance of taxation to personal and corporate financial management, and apply further knowledge and understanding of the Cyprus tax system through the study of further capital taxes, and identify and evaluate the impact of relevant taxes on various situations and courses of action, including the interaction of taxes.
  • Explain the process of carrying out the assurance (audit) engagement and its application in the context of the professional (audit) regulatory framework.
  • Describe the organisational context of the accountant and of the development of accounting information systems; to understand the need for the efficient use of resources within an organisation.
  • Apply relevant knowledge, skills and exercise professional judgement as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organisation.
  • Define governance and explain its role in the effective management and control of organisations. Evaluate the accountant’s role in internal control, review and compliance and explain the role of the accountant in identifying, assessing and controlling risk.
  • Explain the need for international accounting standards and how country-specific institutional, cultural and external factors influence accounting systems.


Year 1

Semester 1:
Accounting I
Microcomputer Applications
Principles of Microeconomics
Intermediate Algebra
English Composition

Semester 2:
Accounting II
Accounting Information Systems
Computer Fundamentals
Principles of Macroeconomics
Business and Professional Communication

Year 2

Semester 3:
Intermediate Financial Accounting
Managerial Accounting
Business Law
Technical Writing and Research
Statistics I

Semester 4:
Advanced Financial Accounting
Advanced Management and Cost Accounting
Corporate Law
Statistics II
Organizational Behavior

Year 3

Semester 5:
Managerial Finance
Financial Reporting
Introduction to Management
Business Ethics

Semester 6:
Advanced Auditing
Advanced Accounting Theory
Finite Maths with Applied Calculus
Cyprus Taxation

Year 4

Semester 7:
Financial Management
Business Taxation
Corporate Governance
Financial Analysis
General Psychology I

Semester 8:
Performance Management
Strategy and Business Policy
Advanced Financial Reporting
Business Taxation
Accounting Practicum


The BSc in Accounting gives students the potential to pursue many career opportunities, and be employed in the following sectors of the economy:

  • Accounting and Audit Firms
  • Banking
  • Government
  • Investment Firms
  • Stock Exchange
  • Education
  • Private Sector (Accounting and Finance Departments)

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