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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:
M6BA79
By
bizakes
Ready to use
Public Rubric
Subject:
Accounting
Type:
Assessment
Grade Levels:
9-12
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Monopoly Simulation
Advanced
(N/A)
Proficient
(N/A)
Novice
(N/A)
Unsatisfactory
(N/A)
Journalizing Business Transactions
20 points
Advanced
Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal.
(20-15 points)
Proficient
Shows a good understanding of the principles of journalizing accurately in the appropriate journal.
(14-10 points)
Novice
Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(9-5 points)
Unsatisfactory
Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(4-0 points)
Posting to Ledgers
15 points
Advanced
Shows a well developed understanding of the principles of posting.
(15-11 points)
Proficient
Shows a good understanding of the principles of posting.
(10-7 points)
Novice
Shows little understanding of the principles of posting.
(6-3 points)
Unsatisfactory
Shows very little understanding of the principles of posting.
(2-0 points)
Cash at End of Play
5 points
Advanced
Cash at the end of play balanced with cash ledger each day.
(5 points)
Proficient
Cash at the end of play balanced with cash ledger on 2 of the 3 days.
(4 points)
Novice
Cash at the end of play balanced with cash ledger on 1 of the 3 days.
(2 points)
Unsatisfactory
Cash at the end of play did not balance with cash ledger on any of the days.
(1 points)
Worksheet
20 points
Advanced
The entire worksheet is correctly prepared with no major errors.
(20-15 points)
Proficient
The entire worksheet is correctly prepared, with no more than one major errors.
(14-10 points)
Novice
The worksheet was clearly attempted, but is not completed correctly.
(9-5 points)
Unsatisfactory
The worksheet was started but provides little information.
(4-0 points)
Income Statements
10 points
Advanced
Income statement is presented with no errors.
(10-8 points)
Proficient
Income statement is included with no major errors.
(7-5 points)
Novice
Income statement is included, but contain multiple errors.
(4-2 points)
Unsatisfactory
Income statement was attempted but are basically incomplete.
(1-0 points)
Statement of Changes in OE
10 points
Advanced
Statement of Changes in OE is completed with no errors.
(10-8 points)
Proficient
Statement of Changes in OE is completed with no major errors.
(7-5 points)
Novice
Statement of Changes in OE is included and have one error
(4-2 points)
Unsatisfactory
Statement of Changes in OE was attempted but have several errors.
(1-0 points)
Balance Sheet
10 points
Advanced
Balance sheet is completed with no errors.
(10-8 points)
Proficient
Balance sheet is completed with no major errors.
(7-5 points)
Novice
Balance sheet is included and have one error
(4-2 points)
Unsatisfactory
Balance sheet was attempted but have several errors.
(1-0 points)
Post-Closing Trial Balance
10 points
Advanced
The post-closing trial balance is correct, with no errors.
(10-8 points)
Proficient
The post-closing trial balance is correct, with no major errors.
(7-5 points)
Novice
The post-closing trial balance includes temporary accounts.
(4-2 points)
Unsatisfactory
The post-closing trial was started but is basically incomplete.
(1-0 points)
Subjects:
Accounting
Types:
Project
Assessment
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