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iRubric: Functional Knowledge - QuickBooks Project rubric

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Functional Knowledge - QuickBooks Project 
Functional Knowledge - QuickBooks Project
Using QuickBooks, perform the following: 1. Gather information and develop an accounting system proposal based on client's needs 2. Develop a prototype or sample accounting system for the client including chart of accounts. Develop sample lists of customers, vendors, items and employees. 3. Enter accounting transactions with an understanding of the accounting cycle. 5. Create memorized reports and interpret financial statements and other reports.
Rubric Code: VX6355A
By rrichardPIMA
Ready to use
Public Rubric
Subject: Accounting  
Type: Project  
Grade Levels: Graduate

Powered by iRubric Accounting
  Unsatisfactory

1 pts

Partially Proficient

2 pts

Proficient

3 pts

Advanced

4 pts

Proposal

Unsatisfactory

Shows little to no understanding of accounting related terminology, GAAP, or understanding accounting's role and function in business practice to track money flow and to determine financial status. (More than 4 errors)
Partially Proficient

Shows a basic understanding of accounting related terminology, GAAP, or understanding accounting's role and function in business practice to track money flow and to determine financial status. (3-4 errors)
Proficient

Shows a good understanding of accounting related terminology, GAAP, or understanding accounting's role and function in business practice to track money flow and to determine financial status. (1-2 errors)
Advanced

Shows a well developed understanding of accounting related terminology, GAAP, or understanding accounting's role and function in business practice to track money flow and to determine financial status. (May have 1-2 minor errors)
Accounting Cycle

Unsatisfactory

Through entering accounting transactions, shows little to no understanding of the accounting cycle. (More than 4 errors)
Partially Proficient

Through entering accounting transactions, shows a basic understanding of the accounting cycle. (3-4 errors)
Proficient

Through entering accounting transactions, shows a good understanding of the accounting cycle. (1-2 errors)
Advanced

Through entering accounting transactions, shows a well developed understanding of the accounting cycle. (May have 1-2 minor errors)
Financial Statements

Unsatisfactory

Shows little to no understanding of the elements of the Financial Statements or how to interpret the information contained on the Financial Statements. (More than 4 errors)
Partially Proficient

Shows a basic understanding of the elements of the Financial Statements or how to interpret the information contained on the Financial Statements. (3-4 errors)
Proficient

Shows a good understanding of the elements of the Financial Statements or how to interpret the information contained on the Financial Statements. (1-2 errors)
Advanced

Shows a well developed understanding of the elements of the Financial Statements or how to interpret the information contained on the Financial Statements. (May have 1-2 minor errors)
Create QB File

Unsatisfactory

Shows little to no understanding of the QB software, implements appropriate accounts, items, vendors and customers. (More than 4 errors)
Partially Proficient

Shows a basic understanding of the QB software, implements appropriate accounts, items, vendors and customers. (3-4 errors)
Proficient

Shows a good understanding of the QB software, implements appropriate accounts, items, vendors and customers. (1-2 errors)
Advanced

Shows a well developed understanding of the QB software, implements appropriate accounts, items, vendors and customers. (May have 1-2 minor errors)




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