Business Administration & Finance
(2 Years)

Course Insight

The Subject Business is designed to complement a number of related subjects. Typically, these include Accounting, Business Information Systems, Economics, Human Resource Management and Marketing. The intention is to provide the student with the context, concepts and techniques that are relevant to a wide variety of business problems, situations and vocational areas. Doing business is one of the most fundamental human activities.

Studying Business both enhances understanding and sharpens the skills needed to participate. The business world is one of rapid (and sometimes confusing) change. It requires rigorous, methodical analysis.

Students will learn how to think in a business-like way and to recognize jargonized clutter that often passes for knowledge of Business. Not all business problems have easy solutions.

From whose perspective should we measure business advantages and disadvantages? Do we have to accept current business practices?

Course Aims

  • To provide an educational foundation for a range of administrative and management careers in business.
  • To provide specialized knowledge relevant to business operation marketing and finance of any company.
  • To enable students to make an immediate contribution to the business world.
  • To provide flexibility, knowledge, skills and motivation as a basis for future studies and career development in accounting, marketing and HR.

Course Content

Year 1 contains a critical overview of various contextual elements of Business such as Economics, Finance, and Marketing, Business Law and Human Resource Management. From whose perspective should we measure business advantage and disadvantage?

Do we have to accept current business practices? In Years 1 and 2 the focus is upon the Economic Environment and Strategic Business Practice while options include an Analysis of G1obalisation and Human Resource Implications. Throughout the course, emphasis is placed upon critical awareness and the development of relevant business skills.

BF101 Introduction to Business

BF101: Introduction to Business 
Semester: 1/ Credit Value: 7.5/ Hours Weekly: 4 

The unit offers learners who are new to the study of business, an introduction to some of the major themes which are developed with increasing complexity throughout this specification. The unit is designed to encourage learners to make the basic connections between different aspects of business behavior. Learners are introduced to the range of business activities in public, private and voluntary (non-profit) sectors, at local, national and global levels. Business aims and objectives are introduced along with strategies for their achievement via interdependent functional areas. Plans to ensure survival and encouraging growth are also considered.

BF102 Marketing

BF102: Marketing 
Semester: 1/ Credit Value: 7.5/ Hours Weekly: 4 

This module aims to provide students with an introduction to the fundamental concepts and principles of marketing and examines how these are applied in today’s changing business environment. This broad based module will provide all students with a concise and contemporary overview of Marketing and give them the knowledge and skills to underpin further study in the specialist field of Marketing.

BF103 Organizational Behavior

BF103: Organizational Behavior 
Semester: 1/ Credit Value: 7.5/ Hours Weekly: 4 

This module aims to provide an introduction to the nature of organizations in relation to management practices. It examines the internal nature of organizations from both a theoretical and a practical point of view. It is also intended to develop an understanding of the behavior of people within organizations and the significance of organizational design and characteristics.

BF104 Introduction to Accounting

BF104: Introduction Accounting 
Semester: 1/ Credit Value: 7.5/ Hours Weekly: 4 

This module aims to provide the student with the necessary vocabulary and practical skills, techniques and abilities involved in accountancy within the modern business environment; to facilitate the development of skills in numeracy, information technology and other associated disciplines.

BF105 Introduction to Economics and the Business Environment

BF105: Introduction to economics & the business environment
Semester: 2/ Credit Value: 7.5/ Hours Weekly: 4 

To provide students an awareness of macroeconomic and microeconomic concepts and how these are applied in today’s business environment to solve problems in a wide range of contexts.

BF106 Human Resource Management

BF106: Human Resource Management
Semester: 2/ Credit Value: 7.5/ Hours Weekly: 4 

Human Resources are arguably the most important asset of any business. The aim of this module is to provide an understanding of the human resource management role and function within the key areas of selection, rewarding, motivation, development and relations.

BF107 Costing and Budgeting

BF107: Costing and Budgeting
Semester: 2/ Credit Value: 7.5/ Hours Weekly: 4 

The aim of this module is to provide students with the necessary knowledge to manage effectively both current and future costs as well as budgets of an organisation. This module describes how cost data will be collected, compiled, analyzed and processed into information of use to management.

BF108 Introduction to Finance

BF108: Introduction to Business Finance
Semester: 2/ Credit Value: 7.5/ Hours Weekly: 4 

The aim of the module is to give learners knowledge of the workings of the financial services industry. They will learn about the financial needs of both individuals and businesses and the financial services available to them. They will also investigate the investment opportunities available.

BF201 Business Decision Making

BF201: Business Decision Making
Semester: 3/ Credit Value: 7.5/ Hours Weekly: 4 

In business, good decision making requires the effective use of information. This module gives students the opportunity to examine a variety of sources and develop techniques for four aspects of information: Data Gathering, Data Storage, and the tools available to create useful information and present it. Computers are used in business for much of this, thus, the appreciation and use of appropriate IT software is central to the completion of this module. Specifically, students will use spreadsheets and other software for data analysis and the preparation of information. The use of spreadsheets for the manipulation of numbers, and understanding of how to apply the results, are seen as more important than the mathematical derivation of formula used. They will also gain an appreciation of information systems, currently used at all levels in an organization as aids to decision making.

BF202 Business Law

BF202: Business Law 
Semester: 3/ Credit Value: 7.5/ Hours Weekly: 4 

The aim of this module is to introduce students to the essential elements of business law. The module will begin by considering the legal environment which provides a background to the working of the legal system. The module will then move on to consider specific issues in the law of contract and tort as well as exploring the law of agency and its relation to the business world.  It is intended that the module will develop the necessary work-related skills in order that students will be equipped to understand and apply appropriate legal principles to practical business problems.

BF203 Taxation

BF203: Taxation 
Semester: 3/ Credit Value: 7.5/ Hours Weekly: 4 

This module aims to provide the students with an understanding of the economic, political and ethical principles underlying Cyprus taxation, the sources of Cyprus tax legislation and the calculation of the tax liability of an individual, an unincorporated business and a limited company.

BF204 Marketing Intelligence and Consumer Behavior

BF204: Marketing Intelligence and Consumer  Behavior
Semester: 3/ Credit Value: 7.5/ Hours Weekly: 4 

The aim of the module is to enable students to understand the purchase decision making process and to recognise the variables and situations that influence buying behavior. The student will explore the marketing research process and assess the importance of different type of information and marketing research requirements needed for effective management in a competitive environment.

BF205 Financial Systems and Auditing

BF205: Financial Systems & Auditing 
Semester: 4/ Credit Value: 7.5/ Hours Weekly: 4 

This module aims to give students an introduction to the understanding of the nature and objectives of the general auditing practice and its relevant to financial services. It will provide the basic foundations on which Auditing and Corporate Governance can build upon.  Students should be able to apply the principles of auditing to situations that they may meet in practice and critically evaluate the role of the auditor.

BF206 Financial Reporting

BF206: Financial Reporting 
Semester: 4/ Credit Value: 7.5/ Hours Weekly: 4 

The aim of this module is to provide students a broad understanding of how to prepare financial statements for different types of business taking into account the relevant legal and regulatory provisions. It also aims to help students develop tools for the interpretation of financial statements.

BF207 Business Strategy

BF207: Business Strategy 
Semester: 4/ Credit Value: 7.5/ Hours Weekly: 4 

This module is the major integrative element in the final phase of business studies courses. It builds on the knowledge and skills acquired in earlier modules to enhance critical awareness of senior management decision-making. It addresses strategic management as a complex agenda of fundamental questions and problems that concern organizations and their future development. In order to address this complexity and generate a richer picture of organizations, the module also considers the context or environment in which an organization performs and the individuals whose actions help shape organizational performance.

BF208 Cyprus Economy in the EU Environment

BF208: Cyprus Economy in the EU Environment 
Semester: 4/ Credit Value: 7.5/ Hours Weekly: 4 

The aim of this module is to provide to the student an understanding of how EU membership impacts the local economies and organizations located in European countries. The module will focus on the EU as a dynamic and evolving influence.


The predominant mode of assessment is through coursework. Each module will have a percentage of its final mark determined in this way. This may involve individual/group presentations, problem solving exercises or data response.


Business graduates may find employment in almost any sector of the business world. The skills acquired are eminently transferable, whether you work in Financial or Industrial Management, or set up your own business or further your education.

Course Structure

Semester 1 Weekly Hours Credits
BF401 Marketing 4 4
BF403 Organizational Behaviour 4 4
BF404 Introduction to Economics & the Business Environment 4 4
BF405 Introduction to Accounting 4 4
Semester 2 4 4
BF402 Managing Finance Decisions& Financial Resources 4 4
BF406 Costing and Budgeting 4 4
BF407 Marketing Intelligence & Consumer Behaviour 4 4
BF408 Human Resource Management 4 4
Semester 3 4 4
BF409 Business Decision Making 4 4
BF410 Research Project 4 4
BF411 Business Law 4 4
BF412 Taxation 4 4
Semester 4 4 4
BF413 Financial Systems and Auditing 4 4
BF414 Financial Reporting 4 4
BF415 Business Strategy 4 4
BF416 Cyprus Economy in the EU Environment 4 4
64 64
Course Title: Business Administration and Finance (2 Years, plus an Optional Foundation Year, Diploma)
Course Duration: 2 years
Class Mode: Evening-Full time
Class Times: Mon-Fri 18:00-21:50
Period duration: 50 minutes
Course Leader: Tasos Anastasiou
Lecturers: Nicholas Vrahimis, Christos Demetriou, Xenios Kasinidis, Filippos Filippou, Georgia Hadjisymeou, Nicolas Televantos, Robert Georgiades, Tasos Anastasiou.
Language of Instruction: English
Entry Requirements: Secondary School diploma or Foundation Certificate/Diploma Equivalent
Minimum Age of Entry: 18 before 31st Dec (of application year)
Graduation Requirements: All 64 Credits are required to obtain this qualification.
Registered-not yet submitted for accreditation.
Business Administration and Finance: Modules
Title Award: Diploma in Business Administration & Finance

Student’s Admissions Criteria

Ledra college accepts students regardless of gender, color, race , religion , disability , or national origin. The student admission criteria at Ledra College are examined by the Academic Committee. These have been established to determine whether the students can be placed in the appropriate programs that have expressed interest, depending on their qualifications, in order to fulfill their academic goal successfully.
Each student must be a graduate from a six – grade secondary education school or equivalent qualification. The admission of new students takes place twice a year. In September and October for the Fall semester ( A) and in January – February for the Spring semester ( B ). Applications for admission to Ledra College can be also submitted at the beginning of the Summer Semester ( June) , especially for students who are interested to attend intensive preparatory programs of English Language. Applicants must meet one of the following criteria :
1. Certificate of a six – grade secondary education school.
2. Certificate of twelve -year attendance with satisfactory performance ( 15/20 ) or equivalent for foreigners according to the country of origin .
3. Certificates G.C.E. examinations (5 O Level 2 A Level).
4. Any other certificate or qualification the Academic Committee deems equivalent to Certificate of a six – grade secondary education school.
5. The equivalent certificates are discussed and documented accordingly by the Academic Committee .
In any case that a student does not have the specific educational level, the College offers the opportunity to be part of foundation courses.

The course language at Ledra College is English. An applicant whose native language is not English has to present proof of knowledge of written and spoken English as the TOEFL grade of 500 or G.C.E O.L. or any other equivalent certification. Otherwise, the candidate will have to attend a qualifying examination of the College. If a student fails the qualifying examination will then be placed in the corresponding Preparatory Year of the field of study for which is registered .

In the case of Cypriot students, high school diploma is considered satisfactory qualification only if the degree in the English language course starts 16 out of 20 ( 16/20). If the level is between 14-15 / 20, then he is required to follow the English course offered and taught in the field of study for which they have expressed interest.

Foreign Students

In the case of foreign students, residence permit will be issued to foreign students by the time they meet the admission criteria. All necessary registration forms must be enclosed in an envelope and sent to the Admissions Office at least one month before the start of the semester. In order for the Foreign students to obtain a visa must submit to the Immigration Officer all the necessary documents. Completed application forms , documents, fees and guarantees must arrive at the applications office before August 31 for the fall semester and before December 20 for Spring Semester. The application form must be accompanied by the amount of € 150 as a right of application and which is non-refundable. Applicants who hold other academic qualification must present certified copies of their academic qualifications. In cases where academic qualifications are not in English they must be accompanied by an official or certified translation in English.

Applicants whose native language is not English will need to take a written examination set by the college. For candidates, who have a diploma of English (minimum TOEFL 500 or Grade C or hold a G.C.E.O. Level) will be exempt from the written examination and will be placed in the field of study for which they have expressed interest.
Foreign students should have a diploma with an overall grade of at least 50/100 and a degree in English language at least 50/100or a diploma with an overall grade of at least 50/100 and with a minimum level of knowledge the IELTS exam with a grade of at least five ( 5 ) or equivalent examination.
The term “equivalent examination” includes the attendance of at least one year of higher education program in English language field of study in the foreign student’s home country. Students who meet the above criteria are not eligible to enroll in preparatory programs (foundation courses). In the preparatory programs can attend only the candidates who collect score 50% or more in their Leaving Certificate but have not passed the English tests described above.

For foreign students of approved courses offered by the ISTE with the method of franchising / certification (franchise / validation) the academic admission criteria of their origin country are required.

Students studying in another Higher Education Institution and wish to transfer to Ledra College have to present at the admissions office the following documents:
1) Application for transfer
2) Academic Transcript
3) Description of the subjects who attended at their Institution
4) In case of foreign students, the approval of their transfer is finalized upon the migration officer.
The course language at Ledra college is English. An applicant whose native language is not English has to present proof of knowledge of written and spoken English at the TOEFL grade of 500 or G.E.O.L or any other equivalent certification. Otherwise, the candidate will have to attend a qualifying examination of the College
Each case of student transfer depends on his/her grades and the institution from which the student attends.