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iRubric: Accounting Cycle Documentation -- Monopoly rubric

iRubric: Accounting Cycle Documentation -- Monopoly rubric

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Accounting Cycle Documentation -- Monopoly 
Accounting Simulation Rubric
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: F52ABA
By ventrone
Ready to use
Public Rubric
Subject: Accounting  
Type: Project  
Grade Levels: 9-12

Powered by iRubric Monopoly
  Advanced

(N/A)

Proficient

(N/A)

Partially Proficient

(N/A)

Novice

(N/A)

Unsatisfactory

(N/A)

Incomplete

(N/A)

Receipts

5 points
Advanced

Receipts appear to have been completed for nearly all transactions.
(5 points)
Proficient

Receipts appear to have been completed for many transactions
(4.25 points)
Partially Proficient

Receipts appear to have been completed for some transactions
(3.75 points)
Novice

Receipts appear to have been completed for a few transactions
(3.25 points)
Unsatisfactory

Receipts appear to have been completed for a couple of transactions (2.75 points)
Incomplete

No apparent attempt. (0 points)
Journalizing Business Transactions

20 points
Advanced

Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal.
(25 points)
Proficient

Shows a good understanding of the principles of journalizing accurately in the appropriate journal.
(21 points)
Partially Proficient

Shows a basic understanding of the principles of journalizing accurately in the appropriate journal.
(19 points)
Novice

Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(16 points)
Unsatisfactory

Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(14 points)
Incomplete

No apparent attempt. (0 points)
Posting

15 points
Advanced

Shows a well developed understanding of the principles of posting.
(15 points)
Proficient

Shows a good understanding of the principles of posting.
(12.75 points)
Partially Proficient

Shows a basic understanding of the principles of posting.
(11.25 points)
Novice

Shows little understanding of the principles of posting.
(9.75 points)
Unsatisfactory

Shows very little understanding of the principles of posting.
(8.25 points)
Incomplete

No apparent attempt. (0 points)
Checkbook

10 points
Advanced

Shows a well developed understanding of maintaining an accurate checkbook balance and the practice of writing checks.
(10 points)
Proficient

Shows a good understanding of maintaining an accurate checkbook balance and the practice of writing checks.
(8.5 points)
Partially Proficient

Shows a basic understanding of maintaining an accurate checkbook balance and the practice of writing checks.
(7.5 points)
Novice

Shows little understanding of maintaining an accurate checkbook balance and the practice of writing checks.
(6.5 points)
Unsatisfactory

Shows very little understanding of maintaining an accurate checkbook balance and the practice of writing checks.
(5.5 points)
Incomplete

No apparent attempt. (0 points)
Worksheet

10 points
Advanced

The entire worksheet is correctly prepared with no major errors.
(10 points)
Proficient

The entire worksheet is correctly prepared, with no more than one major errors.
(8.5 points)
Partially Proficient

The worksheet is completed but has more than one major error or several smaller errors.
(7.5 points)
Novice

The worksheet was clearly attempted, but is not completed correctly.
(6.5 points)
Unsatisfactory

The worksheet was started but provides little information.
(5.5 points)
Incomplete

No apparent attempt. (0 points)
Financial Statements

5 points
Advanced

All of the financial statements are presented with no major errors.
(5 points)
Proficient

All of the Financial Statements are included with no more than one major error on the complete set.
(4.25 points)
Partially Proficient

Some of the Financial Statements are included. More than two errors on those presented.
(3.75 points)
Novice

Financial Statements are included, but contain multiple errors.
(3.25 points)
Unsatisfactory

Financial statements were attempted but are basically incomplete.
(2.75 points)
Incomplete

No apparent attempt. (0 points)
Adjusting/Closing Entries

5 points
Advanced

Adjusting and closing entries are completed with no errors.
(5 points)
Proficient

Adjusting and closing entries are completed with no more than one errors.
(4.25 points)
Partially Proficient

Both adjusting entries and closing entries were attempted, but have several errors.
(3.75 points)
Novice

Only adjusting entries are included and have one error
(3.25 points)
Unsatisfactory

Only adjusting entries were attempted but have several errors.
(2.75 points)
Incomplete

No apparent attempt. (0 points)
Post-Closing Trial Balance

5 points
Advanced

The post-closing trial balance is correct, with no errors.
(5 points)
Proficient

The post-closing trial balance is correct, with no major errors.
(4.25 points)
Partially Proficient

The post-closing trial balance is complete, but does not balance correctly.
(3.75 points)
Novice

The post-closing trial balance includes temporary accounts.
(3.25 points)
Unsatisfactory

The post-closing trial was started but is basically incomplete.
(2.75 points)
Incomplete

No apparent attempt. (0 points)




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