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University of Nicosia Global Semesters | Summer in Cyprus: Int'l Accounting (Directory Program)

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  • Locations: Nicosia, Cyprus
  • Program Terms: Summer
  • Homepage: Click to visit
  • Program Sponsor: University of Nicosia-Global Semesters 
Fact Sheet:
Fact Sheet:
Click here for a definition of this term Language of Instruction: English Click here for a definition of this term Class Status: 2-sophomore, 3-junior, 4-senior
Housing Options: Apartment (alone) Click here for a definition of this term Areas of Study: Accounting, Business, Culture, International Business
Program Type: Study Abroad Minimum GPA: 2.5
Click here for a definition of this term Program: Direct
Program Description:
SUMMER IN CYPRUS
INTERNATIONAL ACCOUNTING
OVERVIEW

Cyprus has the largest number of chartered accountants per capita in the world! The Big Four accounting firms all have a presence in Cyprus. This summer study abroad program in international accounting offers students the opportunity to examine the differences and similarities between GAAP and IFRS.

Cyprus is the only country in the European Union other than the UK that has historically always been on the Anglo-Saxon accounting system (IFRS). Cyprus has had this system since its inception because it was a British colony. It adopted this system in 1981, while the rest of the EU countries were on the Franco-Germanic system and did not adopt IFRS until 2005; this is an area where Cyprus has more expertise than most of the other EU countries.

The program includes site visits to major accounting firms on the island.

CURRICULUM
Courses

Students enroll in 2 Courses and earn 6 Credits for this 4-Week Summer Program:

Required Course:

  • ACCT-360: Financial Reporting (3 Credit Hours)

Elective Courses (Select One):
  • DES-260: Photography I (3 Credit Hours)
  • ART-281: History of Art (3 Credit Hours)
  • EUS-210: European Cultures (3 Credit Hours)
  • MKTG-491: International Marketing (3 Credit Hours)
 
WHY CYPRUS?
Safest Country
In the World
For 15-29 Year Olds
3 of the Top 25
Beaches in Europe
(TripAdvisor, 2024)
80%
of the Population
Speaks English
Cosmopolitan
European Lifestyle
in the Mediterranean
 
WHY UNIC?
 
14,500+
University Students
From 6 Continents
UNIC City
Modern Urban
University Campus
Ranked
#155
in Europe
Ranked in
Top 2%
in the World