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iRubric: Accounting Cycle rubric
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Accounting Cycle
Accounting Cycle
Using text, perform the following: 1. Evaluate the student's knowledge of accounting cycle 2. Demonstrate the use of documentation 3. Understand a complex accounting problem.
Rubric Code:
V4B78
By
teachme
Ready to use
Public Rubric
Subject:
Accounting
Type:
Assessment
Grade Levels:
9-12
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Monopoly Simulation
Descriptions
Advanced
(N/A)
Proficient
(N/A)
Novice
(N/A)
Unsatisfactory
(N/A)
Journalizing Business Transactions
10 points
Advanced
Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(10-8 points)
Proficient
Shows a good understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(7-5 points)
Novice
Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(4-2 points)
Unsatisfactory
Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(1-0 points)
Posting to Ledgers
10 points
Advanced
Shows a well developed understanding of the principles of posting.<BR>
(10-8 points)
Proficient
Shows a good understanding of the principles of posting.<BR>
(7-5 points)
Novice
Shows little understanding of the principles of posting.<BR>
(4-2 points)
Unsatisfactory
Shows very little understanding of the principles of posting.<BR>
(1-0 points)
UN-adjusted Trial Balance
5 points
Advanced
Shows a well developed understanding of the principles of UN-adjusted Trail Balance.<BR>
(5 points)
Proficient
Shows a good understanding of the principles of UN-adjusted Trail Balance.<BR>
(4 points)
Novice
Shows little understanding of the principles of UN-adjusted Trail Balance.<BR>
(2 points)
Unsatisfactory
Shows very little understanding of the principles of UN-adjusted Trail Balance.<BR>
(1 points)
Adjustments (Adjusting entries)
10 points
Advanced
Shows a well developed understanding of the principles of Adjusting entries.<BR>
(10-8 points)
Proficient
Shows a good understanding of the principles of Adjusting entries.<BR>
(7-5 points)
Novice
Shows little to no understanding of the principles of Adjusting entries<BR>
(4-2points)
Unsatisfactory
Transactions appear incomplete. Shows little to no understanding of the principles of Adjusting entries.<BR>
(1-0 points)
Adjusted Trial Balance
5 points
Advanced
Shows a well developed understanding of the principles of Adjusted Trail Balance.<BR>
(5 points)
Proficient
Shows a good understanding of the principles of Adjusted Trail Balance.<BR>
(4 points)
Novice
Shows little understanding of the principles of Adjusted Trail Balance.<BR>
(2 points)
Unsatisfactory
Shows very little understanding of the principles of Adjusted Trail Balance.<BR>
(1 points)
Worksheet
10 points
Advanced
The entire worksheet is correctly prepared with no major errors.<BR>
(10-8 points)
Proficient
The entire worksheet is correctly prepared, with no more than one major errors.<BR>
(7-5 points)
Novice
The worksheet was clearly attempted, but is not completed correctly.<BR>
(4-2 points)
Unsatisfactory
The worksheet was started but provides little information.<BR>
(1-0 points)
Income Statements
10 points
Advanced
Income statement is presented with no errors.<BR>
(10-8 points)
Proficient
Income statement is included with no major errors.<BR>
(7-5 points)
Novice
Income statement is included, but contain multiple errors.<BR>
(4-2 points)
Unsatisfactory
Income statement was attempted but are basically incomplete.<BR>
(1-0 points)
Statement of Changes in OE
10 points
Advanced
Statement of Changes in OE is completed with no errors.<BR>
(10-8 points)
Proficient
Statement of Changes in OE is completed with no major errors.<BR>
(7-5 points)
Novice
Statement of Changes in OE is included and have one error<BR>
(4-2 points)
Unsatisfactory
Statement of Changes in OE was attempted but have several errors.<BR>
(1-0 points)
Detailed Balance Sheet
10 points
Advanced
Balance sheet is completed with no errors.<BR>
(10-8 points)
Proficient
Balance sheet is completed with no major errors.<BR>
(7-5 points)
Novice
Balance sheet is included and have one error<BR>
(4-2 points)
Unsatisfactory
Balance sheet was attempted but have several errors.<BR>
(1-0 points)
Closing entries
10 points
Advanced
Shows a well developed understanding of the principles of Closing entries.<BR>
(10-8 points)
Proficient
Shows a good understanding of the principles of Closing entries.<BR>
(7-5 points)
Novice
Shows little understanding of the principles of Closing entries.<BR>
(4-2 points)
Unsatisfactory
Shows very little understanding of the principles of Closing entries.<BR>
(1-0 points)
Post-Closing Trial Balance
5 points
Advanced
The post-closing trial balance is correct, with no errors.<BR>
(5 points)
Proficient
The post-closing trial balance is correct, with no major errors.<BR>
(4 points)
Novice
The post-closing trial balance includes temporary accounts.<BR>
(2 points)
Unsatisfactory
The post-closing trial was started but is basically incomplete.<BR>
(1 points)
The presentation of whole project
5 points
Advanced
Shows a well developed understanding of the required points of the project.<BR>
(5 points)
Proficient
Shows a good understanding of the required points of the project.<BR>
(4 points)
Novice
Shows a little understanding of the required points of the project.<BR>
(2 points)
Unsatisfactory
Shows a very little understanding of the required points of the project.<BR>
(1 point)
Subjects:
Accounting
Types:
Project
Assessment
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