Banking, Accounting, and Finance (TLX) & (TLXΒ) (Joint PSP with the University of Nicosia)

ΕΑΠ > Banking, Accounting, and Finance (TLX) & (TLXΒ) (Joint PSP with the University of Nicosia)
Purpose - Description
Learning Outcomes
Admission requirements
Teaching Staff
Tuition Fees

The PSP aims to produce graduates with the necessary skills to become leading executives in the financial sector. To this end, students are provided with a broad theoretical and practical education on aspects of accounting and finance, and are expected to develop strategic thought and critical thinking. Students who successfully complete the PSP will become the next generation of leaders in finance, capable of analyzing business challenges and opportunities while also shaping and implementing innovative and effective business policies and strategies in an ever-changing environment.

The PSP has been designed for executives who wish to obtain the banking, accounting, and financial knowledge and skills needed for future professional growth and success. The PSP is for executives seeking to accelerate their current professional development or who wish to change their professional course or the company at which they are currently employed, and individuals who wish to obtain the financial tools to implement their business plans.

The PSP “Banking, Accounting, and Finance” was founded in academic term 2015-2016 as a joint Postgraduate Study Program between the H.O.U. and the University of Nicosia (UNic).


Upon successful completion of the PSP in Banking, Accounting, and Finance, students are expected to:

  • Understand the role of human resources management within banking institutions.
  • Understand the role and function of the financial sector, and banks in particular, in the economy.
  • Understand the primary risks financial institutions face, as well as means of managing them.
  • Understand the importance of the regulatory framework in which banks operate.
  • Evaluate a company’s investment plans in conditions of both certainty and uncertainty, calculate the cost and risks of an investment and its net cash flow, and understand and calculate a company’s optimal investment point.
  • Understand the correlation between risks and returns, evaluate bonds and stocks as well as the use of derivatives to hedge risk, estimate the weighted average cost of capital of a company, and analyze the advantages and disadvantages of a company’s capital structure.
  • Understand the significance for companies of such issues as net cash flow, the maximization of business value, and problems of representation.
  • Understand company profit distribution policies and the relevant informational content as well as their link to a company’s life cycle, and the rules governing the short-term financing and working capital management of a business.
  • Understand the basic principles and role of financial accounting for economic entities
  • Evaluate the accounting statements of economic entities and analyze the advantages and disadvantages of each entity.
  • Understand the accounting function of economic entities regarding fixed assets, inventories, receivables, payables, and all entity accounts.
  • Understand the importance of financial analysis methods of the accounting data of an entity.
  • Apply basic management and accounting techniques for short-term decision making, planning and management purposes.
  • Apply the basic accounting practices for Unlimited Partnerships, Limited Partnerships, and Joint-Stock Companies, and evaluate and apply the basic IAS (International Accounting Standards).
  • Critically asses the significance and role of Management and Financial Accounting.

Curriculum Academic Credits (ECTS): 120
The minimum duration of studies is 2 academic terms.

UNESCO ISCED-2011 Classification

– According to field of education: 34 Business Administration
– According to education level: 7

UNESCO ISCED-2013 Classification

– According to field of education: 0412 – Finance, banking and insurance

Applicants to the Master “Banking, Accounting and Finance” MSc-Joint Degree with the University of Nicosia” course must possess an undergraduate degree from Greek Public Universities and Technological Educational Institutes of Greece or Cyprus or an equivalent degree from educational Institutes of other countries. In order to attend this course, candidates, in addition to the language of instruction, must have English language competency at least B2 level which can be proved either by submitting the relevant certificate or a self-declaration.


Holders of a degree or diploma of higher education means graduates of Greek Universities or Polytechnics or Higher School of Fine Arts or Higher School of Pedagogical and Technological Education or Higher Technological Educational Institutions (ATEI) or those who hold academically equivalent first cycle degrees from recognized foreign educational institutions with the degrees awarded by the Greek Higher Educational Institutions, in accordance with the provisions of article 304 of Law No. 4957/2022 (Government Gazette 141/21.07.2022, vol.)


For the evaluation of the application to the Postgraduate Studies Programme, it will be examined whether the candidate’s institution of study is or may be included in the National Register of Recognised Higher Education Institutions of Foreign Countries and whether the candidate’s degree is or may be included in the National Register of Types of Degrees of Recognised Institutions of Foreign Countries.

The Hellenic Open University, if the degree is included in the list of article 307 of Law No. 4957/2022, must request a “Certificate of Place of Study”, which is issued and sent by the foreign university. If the place of study or part of the studies is confirmed as the Greek territory, the degree is not recognized, unless the part of the studies that took place in the Greek territory is in a public higher education institution or in a recognized foreign educational institution within the meaning of paragraph b) of article 299 of Law No. 4957/2022.

It is clarified that holders of a first degree of Higher Education are accepted in the Postgraduate Program.

1st Academic Term

2nd Academic Term


C¹: Compulsory

T.U. Selection Instructions

Students may select from one to three T.U. per academic term.

Students must select T.U. in the following order: TLX51B, TLX53, TLX52B, TLX54, and lastly their postgraduate diploma thesis.

Students in the first academic term who select only one T.U. must select TLX51B, students who select two must select TLX51B and TLX53, and students who select three may also select TLX52B.

Students in the second academic term may select TLX54 concurrently with the preparation of their Postgraduate Diploma Thesis. Students may only present and defend their Postgraduate Diploma Thesis after successfully completing all the T.U. of the Program.

When selecting T.U.s, students must first pass all the available T.U.s that belong to the previous term and then select T.U.s belonging to the next term.

To obtain the postgraduate specialization diploma, students must successfully attend and pass the four T.U. and prepare, present, and defend their Postgraduate Diploma Thesis.

Note that, in order to complete the PSP in two academic terms, students must successfully complete three T.U. in their first term and the final T.U. in their second term, concurrently with the preparation of their postgraduate diploma thesis.

The content will be available soon.

Tuition fees for each Thematic Unit are 900€, and the total tuition fees for the Postgraduate Study Program are 4.500€.

For information about the programme contact:

Student Registration Department
Monday to Friday from 9:00 to 13:00
Contact phone: 2610367315
Ε-mail: tlx@eap.gr

University of Nicosia
Contact phone: 0035722841974 or 22841659
email: mbaf@unic.ac.cy
For further information, please visit: www.mbaf.hou-unic.eu

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