Accounting

Academic 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). 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.

English Language Proficiency

The list below provides the minimum English Language Requirements (ELR) for enrollment to the programme of study. Students who do not possess any of the qualifications or stipulated grades listed 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.

• TOEFL – 525 and above
• Computer-based TOEFL – 193 and above
• Internet-based TOEFL – 80 and above
• IELTS – 6 and above
• Cambridge Exams [First Certificate] – B and above
• Cambridge Exams [Proficiency Certificate – C and above
• GCSE English Language “O” Level – C 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
• Examination for the Certificate of Proficiency in English (ECPE) Michigan Language Assessment by: Cambridge Assessment English & University of Michigan – 650 average score for ALL skills and above

Course assessment usually comprises of a comprehensive final exam and continuous assessment. Continuous assessment can include but is not limited to mid terms, projects, and class participation. Letter grades are calculated based on the weight of the final exam and the continuous assessment and the actual numerical marks obtained in these two assessment components. Based on the course grades the student’s semester grade point average (GPA) and cumulative point average (CPA) are calculated.

Students who have completed courses of similar content at a Higher Education Institution as part of an equivalent level degree may be given an exemption for those courses as recognition of prior learning. The maximum number of credits to be exempt is 120 ECTS. The student must complete 240 ECTS and all programme requirements. A minimum cumulative grade point average (CPA) of 2.0 is required. Thus, although a ‘D-‘ is a PASS grade, in order to achieve a CPA of 2.0 an average grade of ‘C’ is required.

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

1. 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.
2. Analyse and interpret financial statements of entities, apply and evaluate financial reporting principles and practices in a range of business contexts and situations.
3. 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.
4. Apply financial management techniques to issues affecting investment, financing, and dividend policy decisions of an organisation.
5. 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.
6. 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.
7. Explain the process of carrying out the assurance (audit) engagement and its application in the context of the professional (audit) regulatory framework.
8. 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.
9. 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.
10. 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.
11. Explain the need for international accounting standards and how country-specific institutional, cultural and external factors influence accounting systems.

Section: Major Requirements
ECTS: Min. 102 Max. 102

Section: B Business Requirements
ECTS: Min. 30 Max. 60

Section: C Business Electives
ECTS: Min. 12 Max. 24
Notes: OR any BADM-, COMM-, ECON-, IMGT-, MGT-, MKTG- course not taken as a major
core or requirement.

Section: D Language Expression
ECTS: Min. 18 Max. 30
Notes:

1. Placement in the English courses is done on the basis of a Placement Test or tests such as TOEFL or GCE.
2. Students must complete BADM-231 or BADM-332.

Section: E Computer Requirements
ECTS: Min. 12 Max. 18
Notes: Or any COMP-, MIS-, MULT- course not taken as a major core or requirement.

Section: F Mathematics Requirements
ECTS: Min. 18 Max. 30

Section: G Humanities and Social Sciences Electives
ECTS: Min. 12 Max. 30
Notes: Or any language course FREN-, GERM-, ITAL-, RUS-, SPAN-, GREK-, TURK- not taken
in other sections.

Section: H Unallocated Courses
ECTS: Min. 0 Max. 0

Semester 1

Semester 2

Semester 3

Semester 4

Semester 5

Semester 6

Semester 7

Semester 8