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Locations: Nicosia, Cyprus
Program Terms: Summer
Homepage: Click to visit
Program Sponsor: University of Nicosia-Global Semesters
Restrictions: Rochester applicants only
Dates / Deadlines

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: