Accounting

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.

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)