Principles of Accounting | Federation University

GPACC1508 Principles of Accounting

This unit introduces students to the basic principles of accounting and finance and how they are used to support simple business decision-making. Students will learn how to understand and use accounting information, including key financial reports, to help make informed decisions in a business setting. The unit is suitable for students who are considering further study in accounting or finance, as well as for those who want a general understanding of how financial information is used across different areas of business. This course has been created to incorporate additional learning hours to support students' academic and study skill development. By the end of this unit, students will be able to explain the accounting process, use basic accounting terms, and interpret simple financial reports. They will also be able to recognize how accounting information is used by people such as business owners, managers, and lenders to support business decisions.

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* $2,175
2026 grandfathered contribution amount^ $2,175

^ 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