Financial Accounting | Federation University

BUACC2003 Financial Accounting

This unit develops students¿ understanding of how theory and practice have shaped financial reporting. The unit emphasises contemporary issues such as fair value measurement, conceptual framework, environmental and social accounting, and selected accounting standards, including those related to leases, financial instruments, and intangible assets. Students will build analytical and critical thinking skills, information literacy, and technical expertise while exploring the global nature of financial accounting. The unit provides opportunities to critically evaluate accounting policies and practices, enabling students to apply International Financial Reporting Standards (IFRSs) in complex scenarios.

Commonwealth supported place (CSP)

A CSP is subsidised by the Australian Government and students pay a contribution amount. Each unit is classified into a band, depending on the study area of the unit (this discipline may be different from the study area of your course).

2026 contribution amount* $1,695
2026 grandfathered contribution amount^ $1,695

^ If you are a continuing student who commenced your course before 1 January 2021, you will continue paying the same amount as you would have, had legislative reforms not been implemented, for any units that would otherwise have an increased student contribution amount.

* For Psychology and Social Work bands the unit fee amount is determined by accredited courses. Students in Postgraduate Clinical Psychology, Professional Pathway Psychology or Professional Pathway Social Work accredited courses should refer to the information below.

Domestic full fee–paying places

A domestic full fee–paying place is one that isn’t subsidised by the Australian Government. These places are offered to postgraduate students or those who are ineligible for a CSP. Domestic postgraduate tuition fees are course-based annual fees, which means individual unit fees vary according to the degree. To find out more about domestic tuition fees and view the relevant fee schedule visit our fees website.

International full fee–paying places

International tuition fees are course-based annual fees and the unit fee you pay will vary according to the degree you are studying. To find out more about international tuition fees and view the relevant fee schedule visit our fees website.

Course or unit outline