BA (Hons) Degree in Accounting and Finance

Undergraduate Course

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;
  • The programme also aims to develop in students:
  • 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 programme.

 

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 Programme

The programme 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 programme provides the means through which acquisition of knowledge and skills can be combined with 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 make substantial demands on everyone concerned. The means to achieve these objectives permeate throughout the programme 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 programme.

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 f-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 250 ECTS .

 

Year 1

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 Manag. 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

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 Recources 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 ACCOUNT. 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

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 Recources 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 Ecomometric 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 Recource 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

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
Course Information
  • Credit:minimum of 250 ECTS

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