Accounting

1. Program’s purpose and objectives:

The purpose of the Diploma in Accounting is to provide a business-relevant qualification to people who seek a rewarding career in accountancy and more specifically in the financial services industry. It also aims to prepare candidates to apply and become accredited by the global body for professional accountants such as the ACCA (the Association of Chartered Certified Accountants, the AIA (Association of International Accountants) or any other internationally recognized accounting bodies.

Taking into consideration the purpose of the program the objectives are to:

  • Provide students with a solid foundation in Accounting
  • Prepare students for careers in the industry, accounting, government and other various institutions/organisations.
  • Enable students to respond positively and effectively to the role that the accountant fulfills in the reporting and analysis of financial data
  • Center attention on the skills and knowledge required by the profession of Accounting and to help students acquire knowledge and develop skills in a systematic way

Assist students in developing leadership capabilities, through the use of real case studies/solutions to problems of accounting

2. Intended learning outcomes:

Upon successful completion of the Accounting program, students will be able to:

  • Apply knowledge and skills of the generally accepted accounting principles in the recording and reporting of financial information
  • Use analytical skills, knowledge and techniques to solve and to advise on general accounting issues
  • Prepare, analyse and use financial reports for decision-making
  • Interact and communicate professionally and effectively with others in accounting settings
  • Understand and follow standards of professional conduct and ethical issues related to accounting and more generally in other areas of specialization

Further their academic and professional studies to advanced diploma or degree level if desired

3. Course Distribution Per Semester

Α/Α Course Type Course Name Course Code Periods per week Period duration Number of weeks/

Academic semester

Total periods/

Academic semester

Number of ECTS
Α’ Semester
1. Compulsory Introduction to Accounting ACC – 101 3 55 13 39 6
2. Compulsory Business Law I ACC – 102 3 55 13 39 6
3. Compulsory Business Management I ACC – 103 3 55 13 39 6
4. Compulsory Financial Accounting I ACC – 104 3 55 13 39 6
5. Compulsory Costing ACC – 105 3 55 13 39 6
Β’ Semester
1. Compulsory Financial Management I ACC – 201 3 55 13 39 6
2. Compulsory Business Law II ACC – 202 3 55 13 39 6
3. Compulsory Business Management II ACC – 203 3 55 13 39 6
4. Compulsory Financial Accounting II ACC – 204 3 55 13 39 6
5. Compulsory Management Accounting ACC – 205 3 55 13 39 6

 

Α/Α Course Type Course Name Course Code Periods per week Period duration Number of weeks/

Academic semester

Total periods/

Academic semester

Number of ECTS
C’ Semester
1. Compulsory Financial Management II ACC – 301 3 55 13 39 6
2. Compulsory Advanced Financial Accounting I ACC – 302 3 55 13 39 6
3. Compulsory Advanced Management Accounting I ACC – 303 3 55 13 39 6
4. Compulsory Auditing I ACC – 304 3 55 13 39 6
5. Compulsory Taxation I ACC – 305 3 55 13 39 6
D’ Semester
1. Compulsory Introduction to Marketing MKT – 101 3 55 13 39 6
2. Compulsory Advanced Financial Accounting II ACC – 402 3 55 13 39 6
3. Compulsory Advanced Management Accounting II ACC – 403 3 55 13 39 6
4. Compulsory Auditing II ACC – 404 3 55 13 39 6
5. Compulsory Taxation II ACC – 405 3 55 13 39 6