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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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  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)




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