Course assessment usually comprises of a comprehensive final exam and continuous assessment. Continuous assessment can include amongst others, 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.

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. Analyze 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 organization and its strategic development.
4. Apply financial management techniques to issues affecting investment, financing, and dividend policy decisions of an organization.
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 organizational context of the accountant and of the development of accounting information systems; to understand the need for the efficient use of resources within an organization.
9. Apply relevant knowledge, skills, and exercise professional judgment as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organization.
10. Define governance and explain its role in the effective management and control of organizations. 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.

Semester 1

Semester 2

Semester 3

Semester 4

Semester 5

Semester 6

Semester 7

Semester 8