The Philips College was founded in 1978 with the help of the then Minister of Education of the U.K., the honourable Gerry Fowler, Yiannis Koutsakos, former Chairman of the Council of the University of Cyprus, along with Takis Evdokas, a well-known psychiatrist and Philippos Constantinou, a professional accountant, who became the Principal of the College.

The College is registered as an institution of Higher Education with the Ministry of Education and Culture of the Republic of Cyprus. The College has been offering stimulating and challenging programs of study to both undergraduate and graduate students for over 40 years.  The Philips College programs are responsive to the growing needs and requirements of today’s students. The College is situated in the heart of Nicosia, the capital of Cyprus.

In its short history, the Philips College has achieved considerable success through the insistence on maintaining high academic standards and has succeeded in becoming a Member of the Association of Commonwealth Universities (ACU), the oldest international association of universities in the world. The ACU has more than 500 member institutions in over 50 countries.

The College has been accredited by the following bodies:

• The Accreditation Council (SEKAP) of the Republic of Cyprus

• The Institute of Chartered Accountants in England and Wales (ICAEW), UK

• The Association of Chartered Certified Accountants (ACCA),UK

• The Chartered Institute of Management Accountants (CIMA), UK

• The Association of International Accountants (AIA), UK

• The Institute of Certified Public Accountants in Ireland

• BCS, The Chartered Institute for Information Technology, UK

• The Institution of Analysts and Programmers (IAP), UK

• The Chartered Management Institute (CMI), UK

• The Association of Business Executives, UK

• The CPA Australia, Australia

Holders of the BA (Hons) degree in Accounting & Finance are granted exemption from 8 modules of the Professional Stage of the Institute of Chartered Accountants in England and Wales (ICAEW), UK. This leaves graduates 7 papers to sit from a total of 15. In addition, the Association of Chartered Certified Accountants (ACCA), UK, grants exemption from 9 out of 14 papers. This leaves graduates 5 papers to sit from a total of 14.