3, Kostaki Pantelidi str., 2057 Nicosia, P.O.Box 25331, 1308 Nicosia, Cyprus, Tel.: +357 22459090, Fax: +357 22664910, Email: info@cbscy.ac.cy

Programs of Study


BSc in Accounting, Banking and Finance (4 years)


The Bachelor of Science in Accounting, Banking and Finance program provides comprehensive training to students in the field of Accounting, Banking & Finance by way of interaction, projects, presentations, industrial visits, practical training, job orientation and placements. The curriculum, which leads to a Bachelor of Science in Accounting, Banking and Finance, emphasizes critical learning outcomes required by students to succeed in the professions of Accountants and Financial Analysts. Students will learn and apply these specific skills in the core courses, refine and practice them in their specific concentration, and use and demonstrate competency of the learning outcomes in additional coursework as they fine-tune skills for their professional careers. Successful completion of BScABF requirements ensures that graduates comprehend the relationships among accountancy, economic principles and finance.

Structure/Curriculum

The BScABF program is designed to give students a strong foundation in accounting, banking and finance fundamentals. The BScABF prepares students to be effective leaders by emphasizing conceptual, analytical, technical, interpersonal and problem-solving skills. Each BScABF course is built on a forward-looking curriculum reflecting the ever-changing needs of today’s organizations. Students can expect to discuss current issues, learn from past case studies, forecast future trends, and participate in group discussions.

Degree Requirements

All students pursuing a Bachelor of Science in Accounting, Banking and Finance (BScABF) degree must complete the following requirements:

Degree Requirements Credits ECTS
General Education Requirements 21 42
Core Requirements 81 162
Electives 15 30
Other Electives 3 6
Total Requirements 120 240

An important advantage is that with the successful completion of the Bachelor of Science in Accounting, Banking and Finance, the student also acquires the professional certificate “General Banking” of the American Bankers Association (ABA).

Program Objectives

The educational objectives of the Bachelor of Science in Accounting, Banking and Finance incorporate the objectives of the CBS. The aim of the program in Accounting, Banking and Finance is to provide the necessary education, skills and values to students who seek a career in accounting- and finance-related profession in the industry, in the financial services sector, in financial and accounting institutions, or in government.

Graduates will:

  • Demonstrate knowledge of essentials in the fields of accounting, banking and finance to provide sound information through valid processes to users of accounting and financial services.
  • Show thorough competence in understanding quantitative and qualitative methods as applied to problem-solving in the fields of accounting and finance.
  • Communicate effectively, both verbally and in writing, to explain, evaluate, and present financial and accounting information to varied audiences.
  • Employ integrity, ethics, and social responsibility in accounting and financial practices.

Specific objectives of the foregoing elements include:

Graduates will:

  • use a variety of analytical techniques to identify complex accounting and finance problems, generate and compare alternatives and develop a solution
  • select and implement the appropriate research skills and tools (information technology and / or quantitative analysis) to solve problems
  • integrate their functional knowledge in applied settings (e.g. case analyses, group projects, research papers)
  • demonstrate knowledge relating to the concept of value creation and the role played by each functional area of the firm
  • demonstrate a level of proficiency and self‐confidence appropriate to be a team or project leader
  • define key components of the business operating environment(s) and explain how these components impact on organizational performance and decisions
  • diagnose cross‐cultural issues in a case setting and propose appropriate solutions
  • demonstrate knowledge of how issues and decision criteria change depending on cultural perspectives and location
  • demonstrate highly effective oral communication skills in professional settings, including: professional presentations and persuasive presentations.
Program Learning Outcomes

At the end of the program students shall have:

  • A comprehensive knowledge of the functional areas; as well as the ability to apply this knowledge to actual problems
  • The ability to think laterally, critically, innovatively, creatively, and to make connections among diverse fields of study in analyzing problems
  • A global perspective based on an understanding of both the domestic and global environments of the organizations
  • A good understanding of the ethical and environmental ramifications of corporate decisions
  • The ability to lead and to interact effectively in group situations
  • The ability to manage in culturally diverse environments
  • Acquired analytical and research skills to deal with business problems
  • Developed the ability to learn autonomously
Code Course ECTS Credits
Semester 1
ACC101 Introduction to Financial Accounting 6 3
BUS101 Introduction to Business 6 3
CSC100 Computer Fundamentals and Applications 6 3
ECO101 Principles of Microeconomics 6 3
ENG100 English Instruction in Expository Writing 6 3
Semester 2
ACC102 Introduction to Managerial Accounting 6 3
BAN101 Principles of Banking 6 3
ECO102 Principles of Macroeconomics 6 3
FIN101 Introduction to Financial Analysis 6 3
MAT101 Introduction to Business Mathematics 6 3
Semester 3
ACC201 Financial Reporting 6 3
ACC202 Financial Analysis and Business Valuation 6 3
BAN202 Commercial Lending 6 3
ENG201 Business Writing 6 3
ELEC Elective 6 3
Semester 4
BAN203 Consumer Lending 6 3
FIN201 Managerial Finance 6 3
LAW301 Business Law I 6 3
MAT201 Business Statistics I 6 3
ELEC Elective 6 3
Semester 5
ACC301 Advanced Managerial Accounting 6 3
ACC305 Accounting Information Systems 6 3
ACC315 Audit Principles 6 3
FIN305 Investments 6 3
ELEC Elective 6 3
Semester 6
ACC302 Advanced Financial Accounting 6 3
ACC306 Business Taxation 6 3
FIN310 Multinational Business Finance 6 3
MAT301 Business Statistics II 6 3
ELEC Elective 6 3
Semester 7
ACC310 Corporate Law 6 3
ACC403 Corporate Governance & Business Ethics 6 3
ACC404 Performance Management 6 3
ECO405 Money and Banking 6 3
ELEC Elective 6 3
Semester 8
ACC401 Advanced Financial Reporting 6 3
ACC410 Advanced Business Taxation 6 3
ACC415 Advanced Auditing 6 3
FIN410 Risk Management 6 3
ELEC Elective 6 3
Total 240 120
Code Course ECTS Credits
BUS301 Quantitative Business Methods 6 3
BUS451 Business Ethics and Social Responsibility 6 3
BUS495 Research Project 12 6
COM100 Public Speaking 6 3
ECO305 Managerial Economics 6 3
HIST201 History of Modern Europe 6 3
LAW401 Business Law II 6 3
MAR101 Introduction to Marketing 6 3
MAR201 Consumer Behavior 6 3
MGT101 Principles of Management 6 3
MGT205 Industrial Relations 6 3
MGT302 Organizational Behavior 6 3
PHIL101 Introduction to Philosophy 6 3
POL101 Introduction to Political Science 6 3
PSY101 Introduction to Psychology 6 3
PSY301 Psychology and Child Development 6 3
SOC101 Introduction to Sociology 6 3
SOC301 Contemporary Social Problems 6 3