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iRubric: Budget Development Rubric N 714D

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Budget Development Rubric N 714D Budget Development Rubric N 714D This rubric will score the development of your detailed budget supporting their development, appropriate references, and operation. The budget is due April 16, 2017 Rubric Code: JX8245A By pawrigh Ready to use Public Rubric Subject: Finance Type: Assignment Grade Levels: Graduate

Budget submitted on time
The category is used to judge the timing of the budget submission.

Poor

Budget was late by 2 or more days

14 pts

Fair

Budget was late by 1 day

20 pts

Optimal

Budget was submitted by April 16, 2017

25 pts

Planning for budget
This is to evaluate the breadth and clarity of planning processes

Poor

General input was used, little detail provided into the business operations

14 pts

Good

Increasing detail regarding revenue expenses and enhanced planning to determine operating values for 1 year. Organized and outlined for easy reading

20 pts

Optimal

Clarity of thought is evident from the planning of the operating budget. Most categories of revenue, expense are covered, clearly articulated in relation to the stated business and applicable to the budget process. Well written, easy to follow.

25 pts

Supporting Documentation QUANTITY
This category is used to judge the planning-related documentation needed to develop and support an effective budge, execution, and operation.

Poor

Little or no supporting documentation was used to support the budget's development or no budget was submitted.

14 pts

Good

Nearly all the documentation needed to support the budget development was submitted, but not quite enough was provided. It's only missing little things.

20 pts

Excellent

All the documentation expected to support the budget's development was submitted.

25 pts

Budget Practicality & Reasonability
This category is used to score the overall practicality and reasonability of the budget submitted based on its supporting documentation and how well it addresses the main requirements of the budget submission process

Poor

The budget is minimally practical or reasonable. Efforts for establishing operating values are minimal at best.

14 pts

Good

The budget is, for the most part, practical or reasonable, but a few to several minor changes are needed to improve its practicality and reasonability. Math is correct for the most part.

20 pts

Excellent

The budget is thorough, practical and reasonable. There might be one or two minor changes needed to make it exemplary. Math is correct.

25 pts

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