Skip to main content
iRubric: Accounting Cycle Documentation -Part 1 rubric

iRubric: Accounting Cycle Documentation -Part 1 rubric

find rubric

edit   print   share   Copy to my rubrics   Bookmark   test run   assess...   delete   Do more...
Accounting Cycle Documentation -Part 1 
Accounting Cycle Documentation -Part 1
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: S5AXA3
By steking
Ready to use
Public Rubric
Subject: Accounting  
Type: Assessment  
Grade Levels: Undergraduate

Powered by iRubric GRID
100 %
  Advanced A+/A

100 pts

Proficient B+

87 pts

Partially Proficient B

80 pts

Novice C/C+

65 pts

Unsatisfactory F

60 pts

Accounting Formula & its use
10 pts

10 points
Advanced A+/A

Has been able to answer all Brief Exercises.
(10 points)
Proficient B+

Has been able to answer many of the brief excercises
(8.5 points)
Partially Proficient B

Has been able to answer few of the brief exercises with few errors
(7.5 points)
Novice C/C+

Has been able to answer few of the brief exercises but with many errors.
(6.5 points)
Unsatisfactory F

Transactions appear incomplete due to little understaning (5.5 points)
Discussion of topics in Chapter Two
10 pts

10 points
Advanced A+/A

Shows a well developed understanding of the material.
(10 points)
Proficient B+

Shows a good understanding fo the material.
(8.5 points)
Partially Proficient B

Shows a basic understanding of the material.
(7.5 points)
Novice C/C+

Shows little or no understanding of the material.
(6.5 points)
Unsatisfactory F

Shows little or no understanding of the material; does not ask for clarity; does not part-take in discussion questions.
(5.5 points)
Use of Debits & Credits
10 pts

Advanced A+/A

Shows a well developed understanding of the principles of the T account and its relation to a given activity.
(10 points)
Proficient B+

Shows a good understanding of the principles of the T account and its relation to a given activity.
(8.5 points)
Partially Proficient B

Shows a basic understanding of the principles of the T account and its relation to a given transaction.
(7.5 points)
Novice C/C+

Shows little to no understanding of the principles of the T account and its relation to a given transaction.
(6.5 points)
Unsatisfactory F

Shows little or no understanding of the principles of the T account and its relation to a given transaction; does not ask for clarity; little attempt to gain improvement with material.
(5.5 points)
Journalizing Business Transactions
15 pts

15 points
Advanced A+/A

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

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

Shows a basic understanding of the principles of journalizing accurately in the appropriate journal.
(11.25 points)
Novice C/C+

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

Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(8.25 points)
Posting
25 pts

25 points
Advanced A+/A

Shows a well developed understanding of the principles of posting.
(25 points)
Proficient B+

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

Shows a basic understanding of the principles of posting.
(19 points)
Novice C/C+

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

Shows very little understanding of the principles of posting.
(14 points)
Adjusting Entries
10 pts

5 points
Advanced A+/A

Adjusting entries are completed with no errors.
(5 points))
Proficient B+

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

adjusting entries are included and have one error
(3.75 points)
Novice C/C+

Adjusting entries were attempted, but have several errors.
(3.25 points)
Unsatisfactory F

Adjusting entries were attempted, but not completed and with several errors.
(2.75 points)
Worksheet
10 pts

10 points
Advanced A+/A

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

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

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

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

The worksheet was started but provides little information.
(5.5 points)
Financial Statements
5 pts

5 points
Advanced A+/A

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

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

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

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

Financial statements were attempted but are basically incomplete.
(2.75 points)
Adjusting/Closing Entries
5 pts

5 points
Advanced A+/A

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

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

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

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

Only adjusting entries were attempted but have several errors.
(2.75 points)
Post-Closing Trial Balance
5 pts

5 points
Advanced A+/A

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

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

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

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

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




Subjects:


Discuss this rubric




Do more with this rubric:
Preview

Preview

Preview this rubric.
Edit

Edit

Modify this rubric.
Copy

Copy

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

Print

Print

Show a printable version of this rubric.
Categorize

Categorize

Add this rubric to multiple categories.
Bookmark

Bookmark

Bookmark this rubric for future reference.
Assess
Test run

Test run

Test this rubric or perform an ad-hoc assessment.
Grade

Grade

Build a gradebook to assess students.
Collaborate

Collaborate

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

Publish

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

Email

Email this rubric to a friend.
Discuss

Discuss

Discuss this rubric with other members.
 

Do more with rubrics than ever imagined possible.

Only with iRubrictm.


Copyright © 2024 Reazon Systems, Inc.  All rights reserved.
n60