Your Guide to Studying Accounting in Cyprus

Dr.Fatma.ElHadad Date : 07 Oct 24

Cyprus has become an attractive destination for international students to study various specializations, including Studying Accounting in Cyprus with reasonable tuition fees and high-quality education.

About Studying Accounting 

The study of accounting and finance provides theoretical knowledge and technical and practical concepts in managing financial functions in financial or non-financial institutions, whether those institutions are private or governmental, for-profit or non-profit.

The Accounting major is one of the departments of the College of Economics and Administrative Sciences, in which the student learns to analyze and review financial data, develop information related to the financial market, and invest using real market data.

Accounting is the language of business related to making the right decisions in the industry. Accounting is not just about numbers; It is also related to the financial health of the institution.

Studying Accounting in Cyprus 

Many international students tend to study accounting in the universities of Northern Cyprus because of the specialized and internationally accredited study programs they offer and providing students with the necessary skills and knowledge, which qualifies them in Nahlia to gain good job opportunities. 

Studying accounting in Cyprus has many advantages, the most prominent of which are:

• The universities of Northern Cyprus are internationally recognized and have Arab and international accreditations. They are also recognized by the Turkish Higher Education Council (YÖK) and offer undergraduate and graduate programs under the supervision of the Planning, Evaluation, Accreditation, and Coordination Council for Higher Education (YÖDAK). All of this increases the excellent job opportunities for students after graduation.
• The academic quality of education, given the huge amount of spending by the Cypriot government on developing higher education and universities.
• Turkish Cypriot universities provide many training opportunities for students majoring in accounting in many local institutions, allowing them to integrate into the labor market easily.
• Low cost of study, in addition to full or partial scholarships offered by Cypriot universities to students.
• Residence in Turkish Cyprus is characterized by a reasonable cost of living, compared to many other countries.

Study Programs for Studying Accounting in Cyprus 

Accounting programs may differ from one university to another, but they are similar in many basic subjects. The academic program of the Accounting and Finance major mainly involves studying the following:

• Principles of financial accounting.
• Financial risk management.
• Basics of tax accounting.
• Accounting information systems.
• Financial analysis and planning.
• Management accounting.
• Cost accounting.
• Finance in business.
• International finance.
• Corporate finance
• International Financial Reporting Standards.
• Markets and financial institutions.
• Economy.
• Investment.

Postgraduate studies for accounting in Cyprus 

Universities offer many master's programs in accounting, whether at university or through distance education, to provide students with a comprehensive understanding of accounting concepts and their applications within various business entities, such as:

• MSc in Forensic Accounting Between the University of Western Macedonia and the Neapolis University of Paphos (Distance Learning).
• MSc in Accounting and Financial Management
• MSc in Data Analytics and Financial Technology between the Neapolis University of Paphos and Hellenic Mediterranean University (Distance Learning).
• MSc in Banking Investment and Finance
• Master of Science in Forensic Accounting

The student obtains a master's degree after completing the bachelor's degree program. To obtain a master's degree, a student must complete 12 - 18 university courses that include comprehensive examinations or a thesis.

Skills needed to study accounting in Cyprus 

Your awareness of the skills that employers want from an accountant may help you focus on developing these skills to create a better future for yourself. These skills include:

• Strong written and oral communication
• Organization and attention to detail
• Analytical and problem-solving skills
• Time management
• Systems analysis
• Mathematical and deductive reasoning
• Critical thinking
• Active learning
• Clerical knowledge
• Proficiency with Microsoft Office Suite
• Specialized Accounting Skills
• Financial reporting and analysis
• Financial statements and tax preparation software
• Account reconciliation
• Compliance software
• Spreadsheet software
• Project management software
• Enterprise resource planning software
• Database reporting software

Requirements to study accounting in Cyprus  

The requirements for studying accounting at universities in Cyprus vary from one university to another, but in general they require the following:

• High school diploma or equivalent with a minimum grade of 60%.
• Statement of the student’s grades in secondary school.
• Recent personal photos.
• A copy of a valid passport.

English Language Requirements for International Students 

IELTS 5.5 OR, IGCSE English Grade C OR, TOEFL 65 (IBT) OR, Cambridge Proficiency Level C1 OR, Michigan Proficiency Pass.

If all documents are not available, the student will take an English language proficiency exam on campus upon arrival

Requirements for master’s programs 

• Bachelor’s Degree Diploma.
• Evidence of English Language proficiency: TOEFL (65 IBT) or IELTS (5.5).
• Scanned copy of international passport
• CV
• Fully completed and signed CIU Regulations document.

The best universities for Studying Accounting in Cyprus 

Many universities in Cyprus offer a distinguished academic program for students to develop the necessary theoretical and practical information in the banking and accounting field, the most prominent of which are:

• Near East University for €5600 annually.
• Bahçeşehir University, Cyprus Tuition fees are $5,950 annually.
• Cyprus International University; Tuition fees are $3,098 annually.
• University of Kyrenia, tuition fees are 4,800 euros, for each academic year.
• Eastern Mediterranean University, tuition fees amount to $4,829 per year.
• Neapolis University Pafos, with EUR 10,000 / per year 
• University of Central Lancashire UCLAN, with 25,500 EUR Tuition Fee/year

Job opportunities for accounting graduates in Cyprus 

There are many career fields available to accounting graduates, including:

• Independent auditing companies.
• Banks, government and private banks.
• Stock market.
• Intermediary and financial institutions.
• Accounting departments in institutions.
• A broker or specialist in investing in financial markets.
• Independent accounting, financial, and tax consulting.
• Financial management and financial planning.
• The field of education and academic training.
• Senior Auditor

conclusion

Studying accounting in Cyprus is one of the programs that puts students on the right track to work with promising career paths. Universities in Cyprus offer distinguished accounting programs to ensure that the student acquires the required skills.

FAQ about Studying Accounting in Cyprus 

How many years to study accounting in Cyprus? 

Studying accounting programs in Turkish Cypriot universities takes 4 years, divided into 8 semesters, to obtain a bachelor’s degree in accounting, financial and banking sciences. 

What is the language of study in Cyprus universities to obtain a bachelor’s degree in accounting? 

The student studies various study programs majoring in accounting at Cypriot universities in the English language.

If you wanted to know more or have any questions, we are here to help you and you can always contact us:

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