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University of Nicosia Global Semesters | Summer in Cyprus: Int'l Accounting
(Outgoing Program)
Program Sponsor:
University of Nicosia-Global Semesters
Restrictions:
Rochester applicants only
Fact Sheet:
Fact Sheet:
Language of instruction:
English
Minimum GPA:
2.5
Housing:
Apartment
Area of study:
Accounting, Business, International Business
Class Status:
2-sophomore, 3-junior, 4-senior
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:
ACCT-360: Financial Reporting (3 Credit Hours)
ACCT-470: International Taxation (3 Credit Hours)
WHY CYPRUS?
Safest Country
In the World
For 15-29 Year Olds
2 of the Top 25
Beaches in Europe (TripAdvisor, 2021)
80%
of the Population
Speaks English
Cosmopolitan
European Lifestyle
in the Mediterranean
WHY UNIC?
14,500+
University Students
From 6 Continents
UNIC Ciy
Modern Urban
University Campus
Ranked
#157
in Europe
Ranked in
Top 2%
in the World
Dates / Deadlines:
There are currently no active application cycles for this program.