A four-year (or an eight-semester) full-time course of study leading to the award of BA with Honours in Accounting and Finance.
The course aims to provide:
- quality education at first degree level in accounting, finance and related disciplines;
- an opportunity to obtain knowledge and expertise in accounting and finance which will underwrite a student’s professional progress;
- an understanding of the concepts and analytical skills needed to study, report and analyse business activities effectively;
- a capacity for clear thought, critical appraisal and sound judgement in evaluating accounting situations and problems.
Underlying Philosophy
The course aims to provide education and training in the functional disciplines of accounting and finance to first honours degree level. The following consideration guided the development of the program:
The Graduate Nature of the Profession
Of late, the accountancy profession has become more and more graduate-orientated. No discrimination exists currently between graduates of different disciplines entering the profession except with regards to the number of exemptions granted from their examinations by the Chartered Accountancy Bodies. The number of exemptions a particular degree attracts depends on:
- the subject content;
- the quality of the degree; and
- the exemption policies of the particular exempting body.
The Concept and Character of the Program
The program views accountants as persons who are central to the planning, reporting and controlling of activities within companies. As communicators, they generate and disseminate financial information which is pertinent to these activities. As managers, they are called upon to use an array of skills, knowledge and expertise of a high level. These attributes can be developed effectively in an educational environment, and applied through the route of work experience.
The intellectual and personal development of students is of at least equal importance to the acquisition of the relevant knowledge and skills. This enables students to advance their careers in a rapidly changing economic, technological and social environment.
The program provides the means through which acquisition of knowledge and skills can be combined with the ability to relate theory to practice, to adopt an enquiring and creative approach, and to exercise self-judgement and critical awareness. These are the characteristics of an Honours degree course, which makes substantial demands on everyone concerned. The means to achieve these objectives permeate throughout the program and are facilitated by its structure and mode of operation.
Coursework takes a variety of forms, including the presentation of seminar papers and case studies. Communication and presentation skills are developed through assignments, in particular the project report in Year 3 which requires the preparation of a significant piece of individual work. Inter-personal skills are developed through group work and assignments.
Analytical and problem-solving skills are central to subjects such as Management Accounting and Business Finance, where rigorous analysis is required to construct and appraise theoretical models. Fundamental issues in financial reporting are reviewed in Accounting Theory, which provides a link between theoretical knowledge and practical applications. The enhancement of the ability to conceptualise problems and to evaluate alternative models are particular features of the program.
All subjects emphasise development, understanding and perception, in addition to the acquisition of relevant technical knowledge and skills.
Structure of the BA (Hons) in Accounting and Finance
The period of study for full-time students is four academic years (eight semesters) covering both core and elective subjects.
Each subject carries a fixed number of study credits. Fifteen lecture periods of fifty-five minutes each plus all the prescribed course work normally constitute one credit hour.
The normal load in each semester is 15 credits taught over 15 weeks. This means that there are at least 15 lecture hours per week.
Students studying towards the BA (Honours) Degree in Accounting and Finance are required to take a minimum of 240 ECTS .
Year 1 |
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Semester 1 | ECTS | |
Core Subjects | ||
BSM-110 | ECONOMICS I | 5 |
BSM-112 | BUSINESS LAW I | 5 |
CST-115 | MATHEMATICS AND STATISTICS I | 5 |
ACF-110 | ACCOUNTING AND FINANCE I | 5 |
Electives: 1 or 2 from | (5-10) | |
BSM-111 | Theory and Practice of Management I | 5 |
CST-110 | Computers and Applications I | 5 |
PRL-130 | Communication and Language Development I | 5 |
PSY-111 | General Psychology I | 5 |
PSY-113 | Introduction to Social Psychology | 5 |
PSY-115 | Introduction to Sociology I | 5 |
PSY-110 | Themes and Perspectives in Psychology I | 5 |
Semester 2 | ||
Core Subjects | ||
BSM-120 | ECONOMICS II | 5 |
BSM-122 | BUSINESS LAW II | 5 |
ACF-120 | ACCOUNTING AND FINANCE II | 5 |
CST-125 | MATHEMATICS AND STATISTICS II | 5 |
Electives: 1 or 2 from | (5-10) | |
ACF-212 | Costing I | 5 |
BSM-121 | Theory and Practice of Management II | 5 |
BSM-221 | Principles of Marketing | 5 |
CST-331 | Computerised Accounting I | 5 |
PRL-140 | Communication and Language Development II | 5 |
PSY-121 | General Psychology II | 5 |
PSY-125 | Introduction to Sociology II | 5 |
PSY-120 | Themes and Perspectives in Psychology II | 5 |
PSY-123 | Introduction to Lifespan Psychology | 5 |
Year 2 |
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Semester 3 | ECTS | |
Core Subjects | ||
ACF-215 | COMPANY LAW I | 5 |
ACF-315 | FUNDAMENTALS OF FINANCE I | 5 |
ACF-211 | FINANCIAL ACCOUNTING I | 5 |
ACF-314 | MANAGEMENT ACCOUNTING I | 5 |
Electives: 1 or 2 from | (5-10) | |
PRL-137 | German Language I | 5 |
PRL-230 | Communication in Practice I | 5 |
PRL-134 | French Language I | 5 |
CST-232 | Operation Research | 5 |
CST-127 | Multimedia & Internet Applications | 5 |
BSM-331 | Marketing Management I | 5 |
BSM-210 | Managerial Economics I | 5 |
BSM-230 | Human Resources Management Organisation Behaviour | 5 |
ACF-337 | Taxation I | 5 |
ACF-336 | Auditing I | 5 |
CST-120 | Computers and Applications II | 5 |
Semester 4 | ||
Core Subjects | ||
ACF-225 | COMPANY LAW II | 5 |
ACF-221 | FINANCIAL ACCOUNTING II | 5 |
ACF-325 | FUNDAMENTALS OF FINANCE II | 5 |
ACF-324 | MANAGEMENT ACCOUNTING II | 5 |
Electives: 1 or 2 from | (5-10) | |
PRL-144 | French Language II | 5 |
ACF-347 | Taxation II | 5 |
BSM-220 | Managerial Economics II | 5 |
BSM-341 | Marketing Management II | 5 |
CST-127 | Multimedia & Internet Applications | 5 |
PRL-147 | German Language II | 5 |
ACF-346 | Auditing II | 5 |
PRL-240 | Communication in Practice II | 5 |
PSY-227 | Organisational Psychology | 5 |
ACF-222 | Costing II | 5 |
PRL-111 | Public Relations I | 5 |
Year 3 |
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Semester 5 | ECTS | |
Core Subjects | ||
ACF-313 | ADVANCED FINANCIAL ACCOUNTING I | 5 |
ACF-330 | FINANCIAL MARKETS & INSTITUTIONS | 5 |
BSM-334 | ECONOMETRIC MODELS I | 5 |
Electives: 2 or 3 from | (10-15) | |
BSM-310 | Human Resources Management I | 5 |
PSY-326 | Occupational Psychology | 5 |
PSY-110 | Themes and Perspectives in Psychology I | 5 |
CST-331 | Computerised Accounting I | 5 |
BSM-351 | International Business Enterprises | 5 |
BSM-311 | International Management I | 5 |
GEN-350 | Multidisciplinary Project | 5 |
PRL-230 | Communication in Practice I | 5 |
Semester 6 | ||
Core Subjects | ||
ACF-323 | ADVANCED FINANCIAL ACCOUNTING II | 5 |
ACF-340 | FINANCIAL INSTRUMENTS | 5 |
BSM-344 | ECONOMETRIC MODELS II | 5 |
Electives: 2 or 3 from | (10-15) | |
BSM-344 | Econometric Models II | 5 |
BSM-343 | Macroeconomics and Monetary Policy | 5 |
PSY-326 | Occupational Psychology | 5 |
PSY-120 | Themes and Perspectives in Psychology II | 5 |
CST-341 | Computerised Accounting II | 5 |
BSM-322 | Corporate Strategy and Planning | 5 |
BSM-320 | Human Resource Management II | 5 |
BSM-321 | International Management II | 5 |
BSM-412 | Business and Society | 5 |
ACF-347 | Taxation II | 5 |
ACF-346 | Auditing II | 5 |
PRL-240 | Communication in Practice II | 5 |
BSM-335 | International Finance and Banking | 5 |
Year 4 |
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Semester 7 | ECTS | |
Core Subjects | ||
ACF-415 | INTERNATIONAL FINANCE | 5 |
ACF-434 | ADVANCED MANAGEMENT ACCOUNTING | 5 |
ACF-439 | COMPANY FINANCIAL REPORT. | 5 |
BSM-438 | STRATEGIC PLANNING AND MARKETING | 5 |
Electives: 1 from | 5 | |
ACF-450 | Project I | 5 |
or 1 from | 5 | |
ACF-437 | Advanced Corporate Finance | 5 |
BSM-410 | The Dynamics of the Cyprus Economy I | 5 |
BSM-432 | Business Forecasting I | 5 |
CST-333 | Management Science | 5 |
GEN-430 | Project Evaluation and Management I | 5 |
PSY-340 | Moral and Political Philosophy | 5 |
PSY-217 | Environmental Psychology | 5 |
PSY-410 | The Impact of Greek Civilisation on Europe I | 5 |
BSM-322 | Corporate Strategy and Planning | 5 |
Semester 8 | ||
Core Subjects | ||
ACF-348 | INTERNATIONAL ACCOUNTING | 5 |
CST-422 | ADVANCED INFORMATION SYSTEMS I | 5 |
ACF-422 | FINANCIAL DERIVATIVES | 5 |
ACF-435 | SECURITY INVESTMENT ANALYSIS | 5 |
Electives: 1 from | 5 | |
ACF-451 | Project II | 5 |
or 1 from | 5 | |
PSY-420 | The Impact of Greek Civilization on Europe II | 5 |
GEN-440 | Project Evaluation and Management II | 5 |
CST-333 | Management Science | 5 |
BSM-442 | Business Forecasting II | 5 |
BSM-420 | The Dynamics of the Cyprus Economy II | 5 |
BSM-322 | Corporate Strategy & Planning | 5 |
BSM-332 | Production and Operations Management | 5 |