Bachelor Degree in Business Administration – Direction in Accounting

The academic program follows the standards of leading universities in Europe and North America. The primary aim of the program is to equip students with the skills, knowledge and expertise in accounting, auditing, tax, finance and commercial law for rational decision making in the constantly changing international economic and business environment.

The Accounting and Finance department has close links with international professional bodies such as the Institute of Chartered Accountants in England and Wales (ICAEW), and the Association of Chartered Certified Accountants (ACCA). This cooperation provides graduates with up to twelve (12) exemptions from the professional examination of the ICAEW and nine (9) exemptions from the professional examination of the ACCA. From September 2020, students who are selected to enroll in a specific program will have the opportunity to obtain the ACCA qualification while studying at the University of Cyprus. To achieve this, students will need to pass four (4) external ACCA exams during the summer months.

Graduates of the Department have repeatedly excelled in these examinations. In the ICAEW examinations in particular, our graduates have won more than 10 global awards in the last five years, (for example, first Worldwide Award – Professional Stage overall, and other first Professional Stage global awards in auditing and tax courses as well as Advanced Stage global awards). We also note, that recent analysis carried out by the ACCA has shown that our graduates exhibit the highest passing rate among graduates of all other Universities.

The degree in Accounting provides excellent training for a successful career in Audit firms, in the fields of accounting, auditing and taxation as well as in banks, semi-government, public and other private organizations. Moreover, Audit firms provide our students with opportunities to apply and extend their knowledge through internship programs. Specifically, since the spring semester of 2018, the Accounting and Finance department launched a five-month internship program with the country’s largest audit firms which takes place in the Spring semester of the students’ third year of studies. During the internship period, students are employed on a full-time basis as accounting trainees, enabling students to combine their academic knowledge with practical application, gaining valuable experience that will enhance their academic knowledge and broaden their career prospects. Students also have the option of a shorter internship program during the summer holidays (summer internship), or even to extend their internship by one more semester typically in the spring semester of their fourth year. Graduates of the accounting program also acquire the relevant qualifications and skills to continue their studies in graduate Master or Ph.D. programs. A number of our graduates elected to continue their studies at leading universities in the United Kingdom and North America.