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BIBM602 – Intermediate Financial Accounting

Module code
Module title
Intermediate Financial Accounting
Students will apply the regulatory and technical aspects of financial accounting and external reporting for companies and evaluate financial and non-financial information.
  • BI1401
  • BI1501
NZQA Level
Level 6
NZQA Credits
Delivery method
  • Web-Supported
Learning hours
Total learning hours
Resources required
Learning Outcomes
1. Account for the formation of a company and demonstrate application of
requirements to account for change to equity
2. Evaluate the New Zealand Accounting Standards Framework
3. Understand the application and implication of various financial standards in preparation of
financial statements
4. Critically review, analyse and interpret financial and non-financial information for the
purpose of shareholder investment
5. Examine purpose and prepare elimination entries and financial statements for business
•Formation of fully paid shares
Changes to equity including bonus issues, re-purchases, share splits, dividends and options
Preparation of general purpose financial statements should include, but is not limited to, references to the following standards;
oNZ IAS 1Presentation of financial statements
oNZ IAS 2Inventories
oNZ IAS 7Cash flow statements
oNZ IAS 8Accounting policies, changes in accounting estimates
oNZ IAS 10Events after the reporting period
oNZ IAS 16 Property, plant and equipment
oNZ IFRS 15Revenue from Contracts with Customers
oNZ IAS 36Impairment of assets
oNZ IAS 37Provisions, contingent liabilities and contingent assets
Consolidated financial statements: 100% single subsidiaries, elimination entries
- Consolidated financial statements: 100 single subsidiaries, elimination entries
Teaching and Learning Strategy
Teaching will involve blended delivery methods incorporating the Moodle online delivery platform. Other delivery methods my involve theoretical and practical classes, face to face, lectures, tutorials, workshops, group activities, guest tutors, field trips, role-play, and video conferencing, as appropriate.
Assessment Criteria
Candidates must achieve a minimum result of 40 in the final examination of this module. They must also achieve a minimum C grade pass overall from all assessments to receive a passing grade for the module.
Learning and Teaching Resource
Required Text:
An extended reading list will be supplied by the tutor at commencement of the module. This will be updated annually.

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