HRDA-Subsidised Seminars (ANAD)
Financial Training Lab LTD has been a certified Vocational Training Centre (VTC) and Vocational Training Structure (VTS) approved by the Human Resource Development Authority (HRDA/ANAD) since October 2025. This enables us to deliver HRDA-subsidised programmes, sharing the knowledge, infrastructure and experience we have built over the last 20 years, with excellent outcomes (95%+), at no cost to participants, as attendance is fully subsidised by HRDA. Programmes are delivered in person and/or online, depending on the schedule and available group.
COST FOR EMPLOYEES
LCCI Level 1
Initial cost: €1,950
Subsidy (80%): €1,560
Participation cost: €390
LCCI Level 2
Initial cost: €2,625
Subsidy (80%): €2,100
Participation cost: €525
LCCI Level 3
Initial cost: €2,700
Subsidy (80%): €2,160
Participation cost: €540
COST FOR UNEMPLOYED PARTICIPANTS
Participation cost: €0
100% subsidised
In addition, as an approved centre of the IAB (Institute of Accountants and Bookkeepers), we provide access to the official and internationally recognised IAB LCCI examinations in Cyprus. IAB LCCI qualifications are the only ones accepted and included in service schemes of the Cyprus Government as requirements to be employed or promoted in government positions. After completing each programme, participants may choose (optionally) to sit the exams in a familiar environment at our premises, with registrations handled by our team. The programmes also include mock exams for targeted preparation.
For all programmes, participants receive a complimentary textbook (value €50).
Exam entry is optional.
Level 1:
Elementary Accounting – Certificate in Bookkeeping
Duration: 78 hours
Employees:
Initial cost: €1,950
Subsidy (80%): €1,560
Participation cost: €390
Unemployed:
Participation cost: €0
100% subsidised
A practical 78-hour programme for those who want to gain a bookkeeping qualification and build a strong foundation in bookkeeping and accounting. You will learn double-entry step by step, including Books of Prime Entry, the Cash Book and Petty Cash, as well as core applications in Payroll and Control Accounts. By the end, you will be able to link day-to-day transactions to the preparation of simple financial statements (Statement of Profit or Loss and Statement of Financial Position) including basic year-end adjustments. The programme follows the IAB LCCI Level 1 syllabus and includes mock exams for effective preparation.
Level 2:
Intermediate Book-keeping and Accounting
Duration: 105 hours
Employees:
Initial cost: €2,625
Subsidy (80%): €2,100
Participation cost: €525
Unemployed:
Participation cost: €0
100% subsidised
A 105-hour programme for those ready to progress from “recording accurately” to “preparing complete financial statements”. It covers ledgers, Control Accounts and reconciliations, journals and correction of errors, as well as year-end adjustments (accruals and prepayments, depreciation, irrecoverable debts and allowance for irrecoverable debts). It includes financial statements for sole traders, partnerships, limited companies, non-profit organisations and manufacturing businesses, together with incomplete records and basic performance evaluation through ratio analysis. Aligned with the IAB LCCI Level 2 syllabus, with strong practical application and mock exams.
Level 3:
Higher Accounting – Certificate in Accounting
Duration: 108 hours
Employees:
Initial cost: €2,700
Subsidy (80%): €2,160
Participation cost: €540
Unemployed:
Participation cost: €0
100% subsidised
An advanced 108-hour programme for professionals and Level 2 graduates seeking to move into advanced accounting. It includes the extended trial balance, preparation and interpretation of financial statements for sole traders, partnerships and limited companies, plus core applications of group accounts and incomplete records. It also integrates key management accounting topics to support decision-making: budgets and budgetary control, break-even analysis, marginal costing and investment appraisal. Aligned with the IAB LCCI Level 3 syllabus, with mock exams and optional exam entry.
Expression of Interest
Complete the expression of interest form and we will contact you with details on the next available dates, the enrolment process and the programme best suited to your needs.