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iRubric: Accounting Simulation Rubric
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Accounting Simulation Rubric
Accounting Simulation Rubric
Using text, perform the following: 1. Evaluate the student's knowledge of accounting cyle 2. Demonstrate the use of documentation 3. Understand a complex accounting problem.
Rubric Code:
K453X8
By
jlippiat
Ready to use
Public Rubric
Subject:
Accounting
Type:
Project
Grade Levels:
(none)
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Accounting Simulation
Unsatisfactory
(N/A)
Partially Proficient
(N/A)
Proficient
(N/A)
Advanced
(N/A)
Journalizing Business Transactions
25 points
Unsatisfactory
Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(10 points)
Partially Proficient
Shows a basic understanding of the principles of journalizing accurately in the appropriate journal.
(15 points)
Proficient
Shows a good understanding of the principles of journalizing accurately in the appropriate journal.
(20 points)
Advanced
Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal.
(25 points)
Posting
15 points
Unsatisfactory
Shows little to no understanding of the principles of posting.
(6 points)
Partially Proficient
Shows a basic understanding of the principles of posting.
(9 points)
Proficient
Shows a good understanding of the principles of posting.
(12 points)
Advanced
Shows a well developed understanding of the principles of posting.
(15 points)
Checkbook
10 points
Unsatisfactory
Shows little to no understanding of maintaining an accurate checkbook balance and the practice of writing checks.
(4 points)
Partially Proficient
Shows a basic understanding of maintaining an accurate checkbook balance and the practice of writing checks.
(6 points)
Proficient
Shows a good understanding of maintaining an accurate checkbook balance and the practice of writing checks.
(8 points)
Advanced
Shows a well developed understanding of maintaining an accurate checkbook balance and the practice of writing checks.
(10 points)
Filing
5 points
Unsatisfactory
Few documents are completed. Documents are not filed properly.
(1 points)
Partially Proficient
Shows a basic understanding of documentation. Some documents are filed correctly.
(2 points)
Proficient
Shows a good understanding of document preparation. Most documents are filed correctly.
(4 points)
Advanced
Shows a well-developed understanding of documentation. Files all documents correctly.
(5 points)
Worksheet
15 points
Unsatisfactory
There is no worksheet.
(0 points)
Partially Proficient
The entire worksheet is not completed.
(9 points)
Proficient
The entire worksheet is correctly prepared, with no more than two major errors.
(12 points)
Advanced
The entire worksheet is correctly prepared with no major errors.
(15 points)
Financial Statements
10 points
Unsatisfactory
No financial statements are included.
(0 points)
Partially Proficient
Some of the Financial Statements are included. More than two errors on those presented.
(6 points)
Proficient
All of the Financial Statements are included with no more than two major errors on the complete set.
(8 points)
Advanced
All of the financial statements are presented with no major errors.
(10 points)
Adjusting/Closing Entries
15 points
Unsatisfactory
There are no adjusting and closign entries.
(0 points)
Partially Proficient
Only adjusting entries are completed.
(6 points)
Proficient
Adjusting and closing entries are completed with no more than two errors.
(12 points)
Advanced
Adjusting and closing entries are completed with no errors.
(15 points)
Post-Closing Trial Balance
5 points
Unsatisfactory
The post-closing trial balance has not been completed.
(o points)
Partially Proficient
The post-closing trial balance is complete, but does not balance correctly.
(2 points)
Proficient
The post-closing trial balance is correct, with no major errors.
(4 points)
Advanced
The post-closing trial balance is correct, with no errors.
(5 points)
Subjects:
Accounting
Types:
Project
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