Skip to main content

iRubric: Accounting Cycle rubric


edit   print   share   Copy to my rubrics   Bookmark   test run   assess...   delete   Do more...
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: W4B77
Ready to use
Public Rubric
Subject: Accounting  
Type: Assessment  
Grade Levels: 9-12

Powered by iRubric Monopoly Simulation
  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:






Do more with this rubric:

Preview

Preview this rubric.

Edit

Modify this rubric.

Copy

Make a copy of this rubric and begin editing the copy.


Print

Show a printable version of this rubric.

Categorize

Add this rubric to multiple categories.

Bookmark

Bookmark this rubric for future reference.
Assess

Test run

Test this rubric or perform an ad-hoc assessment.

Grade

Build a gradebook to assess students.

Collaborate

Apply this rubric to any object and invite others to assess.
Share

Publish

Link, embed, and showcase your rubrics on your website.

Email

Email this rubric to a friend.

Discuss

Discuss this rubric with other members.
 

Do more with rubrics than ever imagined possible.

Only with iRubrictm.

n79