iRubric: 4P12 Timed Writing #1 W2011 rubric

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4P12 Timed Writing #1 W2011 Jackson Capital Rubric Code: T5XA62 By ahollo Ready to use Public Rubric Subject: Accounting Type: Exam Grade Levels: Undergraduate

4P12 Timed Writing #1 W2011 Enter rubric description
	Not Addressed 0 pts	Nominal Competence 4 pts	Reaching Competence 5 pts	Competent 6 pts	Highly Competent 7 pts
Primary 1 5 pts Enter criteria description	Not Addressed The candidate does not address this Primary indicator	Nominal Competence The candidate does not attain the standard of reaching competence	Reaching Competence The candidate recommends appropriate accounting for some of the significant investments or instruments(Ipanema, Hellon, Fairex, Western Gas, stock-indexed bond and share capital). The candidate relies heavily on Handbook knowledge rather than using the case facts to support the position taken.	Competent The candidate recommends appropriate accounting for some of the significant investments or instruments, using case facts.	Highly Competent The candidate discusses the alternative accounting treatments for most of the significant investments or instruments in adequate depth, using the case facts provided to support alternatives.
Primary 2 5 pts Enter criteria description	Not Addressed The candidate does not address this Primary indicator	Nominal Competence The candidate does not attain the standard of reaching competence	Reaching Competence The candidate does not recognize that valuation is a significant audit risk. The candidate recognizes that audit risk is high. The candidate discusses general audit procedures that apply to the audit of most investments regardless of the case facts.	Competent The candidate recognizes that valuation is a significant audit risk and that audit risk is high. The candidate discusses audit procedures for some of the investments.	Highly Competent The candidate recognizes that valuation is a significant audit risk. The candidate discusses relevant audit procedures for the significant investments in sufficient depth (taking into account the specific information provided on the investment and on JCI's operating environment).
Secondary 1 0 pts Enter criteria description	Not Addressed The candidate does not address this secondary indicator	Nominal Competence The candidate does not attain the standard of competent.	Reaching Competence	Competent The candidate identifies the potential cash shortage.	Highly Competent The candidate identifies the potential cash shortage and considers a potential course of action.