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
  • BS7000
NZQA Level
Level 6
NZQA Credits
Delivery method
  • Web-Supported
Learning hours
Directed hours
Self directed 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;
o NZ IAS 1 Presentation of financial statements
o NZ IAS 2 Inventories
o NZ IAS 7 Cash flow statements
o NZ IAS 8 Accounting policies, changes in accounting estimates
o NZ IAS 10 Events after the reporting period
o NZ IAS 16 Property, plant and equipment
o NZ IFRS 15 Revenue from Contracts with Customers
o NZ IAS 36 Impairment of assets
o NZ IAS 37 Provisions, 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.