Accounting (4 years, Bachelor of Science)


European University Cyprus Accounting program is internationally accredited, providing students with the skills and knowledge required of professionals working in a globalized industry. Students majoring in Accounting at European University Cyprus may obtain exemptions from a number of examinations required to qualify with the following leading UK professional bodies:

  • The Association of Chartered Certified Accountants (ACCA)
  • The Institute of Chartered Accountants in England and Wales (ICAEW)
  • The Association of International Accountants (AIA)
  • Chartered Institute of Management Accountants (CIMA)


Exemptions from ACCA & ICAEW

Graduates from European University Cyprus Bachelor of Business Administration with specialization in Accounting may be granted exemption for 9 out of the 14 subjects of the ACCA (Association of Certified Chartered Accountants) and for 12 out of the 15 subjects of the ICAEW (Association of Chartered Accountants in England and Wales). For more detailed information regarding ACCA exemptions click here and for ICAEW here.

Graduates are  exempt up to 12 papers of the Association of International Accountants (AIA) for their professional degrees. 


Employment Opportunities

Accountant, Auditor, Internal Auditor, Corporate Accountant, Management Consultant, Investment Banker.

Program Outline

All students pursuing the Bachelor degree in  “Accounting” must complete the following requirements:

Degree Requirements Credits ECTS
General Education Requirements 12 21
Major Requirements 75 144
Accounting / Business Electives 36 65
Free Electives 6 10
Total Requirements 129 240

General Education Requirements 12 Credits 21 ECTS
English and Communication 9 16
Code Course Title Credits ECTS
COM101 Public Speaking 3 5
ENB220 Writing for Business Studies 3 6
ENB225 Business Communication in English 3 5
Mathematics 3 5
Code Course Title Credits ECTS
MAT115 Statistics I 3 5

Major Requirements 75 Credits 144 ECTS
Code Course Title Credits ECTS
ACC112 Introduction to Financial Accounting 3 5
ACC113 Introduction to Managerial Accounting 3 5
ACC201 Intermediate Accounting I 3 5
ACC204 Intermediate Accounting II 3 6
ACC211 Tax Framework 3 6
ACC303 Introduction to Auditing 3 6
ACC306 Advanced Financial Reporting/Consolidations 3 6
ACC309 Advanced Cost and Managerial Accounting 3 6
ACC310 Advanced Financial Reporting 3 6
ACC311 Advanced Business Taxation 3 6
ACC403 Advanced Audit and Internal Review 3 6
ACC406 Performance Management I 3 6
ACC407 Performance Management II 3 6
ACC409 Financial Management and Control 3 6
BUS101 Introduction to Business 3 5
BUS201 International Business 3 5
BUS215 Business Research 3 6
BUS401 Business Policy and Strategic Management 3 6
BUS411 Senior Project 7 10
ECO101 Principles of Microeconomics 3 5
ECO102 Principles of Macroeconomics 3 5
FIN101 Essentials of Financial Analysis 3 6
LAW101 Business Law I 3 5
MGT101 Principles of Management 3 5
MGT205 Organizational Behavior 3 5

Accounting / Business Electives 36 Credits 65 ECTS

Students select twelve (12) of the following courses:

Code Course Title Credits ECTS
ACC308 Computer Applications in Accounting 3 6
ACC400 Independent Study in Accounting 3 6
ACC405 Special Topics in Financial Accounting 3 6
ACC410 Accounting Internship 3 8
ACC421 Business Tax Planning I 3 6
ACC422 Business Tax Planning II 3 6
ACC423 Business Tax Planning III 3 6
ACC431 Tax Compliance I 3 6
ACC432 Tax Compliance II 3 6
ACC433 Tax Compliance III 3 6
ACC441 Audit & Assurance I 3 6
ACC442 Audit & Assurance II 3 6
ACC443 Audit & Assurance III 3 6
ACC451 Financial Accounting Reporting I 3 6
ACC452 Financial Accounting Reporting II 3 6
ACC453 Financial Accounting Reporting III 3 6
BUS111 Finite Mathematics for Business 3 5
BUS360 Innovation and Entrepreneurship 3 5
ECO435 Economic Data Analysis 3 6
MAR101 Introduction to Marketing 3 5
OGM350 International Oil and Gas Accounting 3 6

Free Electives 6 Credits 10 ECTS

1 Students who do not meet the level of ENG103, instead for COM101 can alternatively register in lower English Courses.


Previous Degree Requirements

Objectives & Outcomes

General Objectives
  • to develop the student’s capacity to think, write and speak effectively and creatively
  • to develop an appreciation of and respect for social, moral, and ethical values as the foundation of one’s relationship to others and one’s responsibilities to community and country;
  • to develop the student’s analytical, decision-making and communication competencies together with those qualities of self-reliance, responsibility, integrity and self-awareness which will promote personal achievement and contribution to organizations;
  • to build breadth of perspective through the general education requirements and provide sufficient specialization to meet basic professional and career requirements;
  • to provide the student with the basic requirements for academic and/or career advancement.
Specific Objectives
  • To provide students with a foundation in Accounting.
  • To prepare students for careers in industry, accounting, government and various institutions.
  • To enable students to respond positively and effectively to the role that the accountant fulfils in the reporting and analysis of financial data.
  • To 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.
  • To assist the students in developing leadership capabilities, which can be used in reaching solutions to problems of Accounting. 
Learning Outcomes
  1. Demonstrate their ability to communicate effectively in business situations through speaking, writing, and by use of electronic media.
  2. Demonstrate their ability to build teams and work effectively within them.
  3. Demonstrate awareness and capability of analysis of environmental (economic, social, political, legal, and ethical) trends and their impact on individuals and businesses.
  4. Describe the application of manual and computer-based quantitative and qualitative tools and methodologies in identifying and solving problems and making decisions in business situations.
  5. Critically evaluate and apply concepts, techniques, strategies, and theories from any appropriate discipline in business contexts.
  6. Be aware of the regulatory environment and professional bodies that impact the accounting profession
  7. Appreciate and demonstrate the capacity to apply International Standards and practices
  8. Demonstrate the use of current accepted technical language of accounting and accounting practice internationally 
  9. Recognize the limitations and uncertainties of practice and alternatives offered, within the discipline of accounting
  10. Understand and apply accepted techniques to the recording of business transactions and the preparation of financial statements
  11. Appraise the performance and financial situation of organizations
  12. Select and apply management accounting techniques to practical situations
  13. Critically evaluate contemporary theories and empirical evidence in accounting
  14. Have the opportunity to complete the degree as part-qualified Chartered Certified Accountants arising from the significantly greater degree recognition/credit afforded to the degree programme by the Institute of Chartered Certified Accountants

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Alumni Profiles

Ivan Topal

Program of Study: Accounting (Bachelor of Science)

Year of Graduation: 2013

Working as: KPMG

“My life began to change in 2009 when I became a student at EUC. Experienced and qualified instructors helped me to become an expert in my field. During my studies I was proud that I was a European Read more

Aristotelis Kapsoullis

Program of Study: Accounting (Bachelor of Science)

Year of Graduation: 2011

Working as: Back Office Officer, TFI Markets Ltd

Το ΕΠΚ ήταν καθοριστικό σημείο τόσο για την επαγγελματική μου κατάρτιση όσο και γενικότερα για την επαγγελματική πορεία και σταδιοδρομία της ζωής μου. Είχα ενταχθεί στην οικογένεια του πανεπιστημίου Read more

Ioannis Polyviou

Program of Study: Accounting (Bachelor of Science)

Year of Graduation: 2016

As a senior student, my experience with our Career Center showed me that it helps students achieve their potential. The Career Center helped me prepare my CV and secure an internship with PwC, Read more

Marios Trimithiotis

Program of Study: Accounting (Bachelor of Science)

Year of Graduation: 2014

Planning what to do "for the rest of your life" can be intimidating –but it doesn't have to be. I didn't know where to start, but from the day I walked in the European University Cyprus Career Read more

Careers & Employment

Description of Profession

A graduate in Accounting usually deals with bookkeeping, payments and payroll, auditing, management, financial planning, cost accounting and consulting services. Graduates in accounting with few years’ experience are able to deal with a company’s financial resources in the capacity of CFO or other similar position. Additionally, the need for specialized knowledge in areas such as pricing, taxation, computerized accounting systems contribute to employability in this occupation.



Job Skills

  • Strong interpersonal & communication skills
  • Leadership skills
  • Team work
  • Software knowledge: SAP, SAGE
  • Analytical skills, critical-thinking
  • problem-solving skills



Sectors of Employment

  • Accounting / Auditing
  • Banking
  • Construction
  • Exports
  • FMCG
  • Health
  • Hospitality
  • Imports
  • Insurance
  • Investment
  • IT
  • Legal
  • Manufacturing
  • Pharmaceutical
  • Press
  • Retail
  • Telecoms
  • Trading
  • Government
  • Hospitals
  • Political Parties
  • Trade Unions


Career Options

  • Accountant
  • Auditor (Internal/External)
  • Financial Controller / CFO
  • Corporate Accountant Management Consultant
  • Mergers and Acquisitions Consultant
  • Investment Banker
  • Tax Officer



Further Studies

ACCA or ACA is required by most Audit Firms. You need to complete 3 years of working experience to become qualified.

  •  An MBA combined with an ACCA or a Bachelor in Accounting will enable you to target Managerial positions related to Accounting
  •  A PhD can add value to the existing degree and can be used as a powerful tool for people who want to have an academic career



EUC Internship Program

The Career Center Internship Program enables third and fourth year students with high academic achievement to work for three months in positions corresponding their studies. The program enriches the curriculum of each participant, after acquiring work experience and a Personal Assessment report of the company the internee was placed. Some of the companies that recruited accounting students are:

  • Abacus Ltd
  • AC Nielsen
  • Airtrans Group Ltd
  • Alico AIG Life
  • Antony Ashioties & Co
  • Aspen Trust
  • Atlantis Consulting
  • BKR Damianou & Partners
  • Carob Mill Ltd
  • Cyprus Trading Corporation Limited
  • Ernst & Young (Cyprus)
  • FBME BANK LTD (Federal Bank of the Middle East Ltd)
  • Infocredit Group
  • Island Oil Ltd
  • John Georgiades & Co
  • KPMG Metaxas, Loizides, Syrimis
  • Lanitis E.C. Holdings Ltd
  • Lanitis Freen Energy Group Ltd
  • Liberty Life Insurance Company
  • N.P. Lanitis Ltd
  • Netymology Ltd.
  • PHS Hadjizacharias & Co Ltd
  • PriceWaterhouseCoopers Ltd.
  • TFI Markets
  • Thomson Reuters


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