iRubric: Accruals and Prepayments- Financial Statements rubric

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Accruals and Prepayments- Financial Statements Preparation of Financial Statements Ledgers and Financial statements Rubric Code: MXCC38B By MichaelJones Ready to use Public Rubric Subject: Accounting Type: Assessment Grade Levels: 9-12, Undergraduate

Preparation of Financial Statements
	Advanced 20 pts	Proficient 15 pts	Needs Improvement 5 pts	Poor 3 pts	No Submission 0 pts
Accruals and Prepayments	Advanced Preparation all accrual and prepayment ledgers, with no errors.	Proficient Preparation of all accrual and prepayment ledgers, with few minor errors.	Needs Improvement Preparation of some ledgers, but contains many errors.	Poor Student does not demonstrate an understanding of how to prepare the required ledgers. Work is incomplete.	No Submission No work was submitted.
Statement of Financial Position	Advanced Preparation of Statement of Financial Position is correct, with no errors.	Proficient Preparation of Statement of Financial Position is correct, with few minor errors.	Needs Improvement Preparation of Statement of Financial Position, but contains many errors.	Poor Student does not demonstrate an understanding of how to prepare the Statement of Financial Position. Work is incomplete.	No Submission No work was submitted.