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iRubric: Income Statement Grading Rubric
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Income Statement Grading Rubric
Income Statement Grading Rubric
This rubric evaluates the required elements of an income statement.
Rubric Code:
UX8WA48
By
ggdale
Ready to use
Public Rubric
Subject:
Accounting
Type:
Assignment
Grade Levels:
9-12, Undergraduate
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Income Statement Grading Rubric
Enter rubric description
Not Completed
0 pts
Completed but not Correct
5 pts
Correct
10 pts
The name of a business etc
Not Completed
The name of the business and the month of the statement is missing in the heading.
Completed but not Correct
Either the name of the business or the month of statement is incorrect missing.
Correct
The name of the business is correct and placed on the first line of the Income Statement heading. The month is included correctly
Gross Profit
Not Completed
The gross profit is not calculated or is incorrect.
Completed but not Correct
N/A
Correct
Gross Profit is accurately calculated/entered
Total Operating Expenses
Enter description
Not Completed
The operating expenses are missing
Completed but not Correct
Most of the operating expenses have been entered, but at least 1 expense is missing and skew the total.
Correct
The Total Operating expenses is entered accurately.
Net Profit before tax
(NPBT)
Not Completed
There is no NPBT entered
Completed but not Correct
There is an incorrect figure entered as the NPBT
Correct
The NPBT entered is accurate.
Sales Tax
Not Completed
The sales tax has not been calculated
Completed but not Correct
An incorrect amount has been entered as the sales tax
Correct
The sale tax entered is correct
EnNet Profit after tax
(NPAT)
Not Completed
The NPAT was not entered
Completed but not Correct
There is an incorrect amount entered as NPAT
Correct
The NPAT entered is correct
Enter Title
Not Completed
Completed but not Correct
Correct
Enter Title
Not Completed
Completed but not Correct
Correct
Enter Title
Not Completed
Completed but not Correct
Correct
Enter Title
Not Completed
Completed but not Correct
Correct
Subjects:
Accounting
Types:
Assignment
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