Accounting

Academic Admission

The minimum admission requirement for an Undergraduate (1st Cycle/Bachelor’s) Degree is a recognised High School Leaving Certificate (HSLC) or equivalent internationally recognized qualifications, including the International Baccalaureate (IB) Diploma with a minimum total of 24/45 points and successful completion of the core components.”

Students with a lower than 7.5/10 or 15/20 or equivalent, HSLC grade depending on the grading system of the country issuing the HSLC, or who are admitted on the basis of an IB Diploma with a total score below 24/45, are provided with extra academic guidance and monitoring during the first year of their studies.

Furthermore, applicants eligible for admission to undergraduate programmes under the Greek legal framework, which establishes minimum admission criteria, include:

a) Greek or foreign nationals holding a General High School Diploma (ΓΕ.Λ.) or a Vocational High School Diploma (ΕΠΑ.Λ.) with an average grade in the four (4) nationwide examination subjects equal to or greater than the minimum admission threshold. This threshold is determined by multiplying the lowest average grade among all examinees within a given scientific field by a coefficient of 0.8 in the year of participation.

b) Holders of equivalent secondary education diplomas from recognized foreign schools in Greece (level 4 of the National Qualifications Framework).

c) Holders of international secondary education diplomas issued by schools in Greece or abroad, foreign nationals with an equivalent high school diploma, or an equivalent vocational education qualification granting them the right to access higher education institutions in the country where they studied.

d) For graduates mentioned in point (a) before the academic year 2021-2022, as well as holders of a first-cycle degree, the terms and conditions for selection and admission are set by the parent institution (University of Nicosia) as outlined in the first paragraph of section 1.2.

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.

• IELTS – 6 and above
• Anglia Examinations – Advanced and above
• Cambridge GCE AS Level English Language – C and above
• Cambridge GCE English A Levels – C and above
• Cambridge IGCSE or GCSE English as a First language – C and above
• Cambridge IGCSE or GCSE English as a Second language – B and above
• IB English A: Literature SL & HL – 4 and above
• IB English Standard Level (SL) – 5 and above
• IB English High Level (HL) – 4 and above
• Michigan Language Assessment (also known as Proficiency of Michigan) – 650 and above
• Password Test – 6 and above
• TOEFL (IBT) – 60 and above
• Cambridge Exams (First Certificate) – 160 and above or Pass
• Cambridge Exams (Proficiency Certificate) – 180 and above or Pass

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.  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: A 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.

Semester 1

Semester 2

Semester 3

Semester 4

Semester 5

Semester 6

Semester 7

Semester 8