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iRubric: Preparation of Financial Statements rubric

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Preparation of Financial Statements ACC100 Project Rubric Code: CX8756A By dnslvcn Ready to use Public Rubric Subject: Accounting Type: Assessment Grade Levels: 9-12, Undergraduate

Preparation of Financial Statements
	Advanced 20 pts	Proficient 15 pts	Needs Improvement 5 pts	Poor 3 pts	No Submission 0 pts
Statement of Comprehensive Income	Advanced Preparation of Statement of Comprehensive Income is correct, with no errors.	Proficient Preparation of Statement of Comprehensive Income is correct, with few minor errors.	Needs Improvement Preparation of Statement of Comprehensive Income, but contains many errors.	Poor Student does not demonstrate an understanding of how to prepare the Statement of Comprehensive Income. Work is incomplete.	No Submission No project was submitted.
Statement of Financial Position	Advanced Preparation of Statement of Financial Position is correct, with no errors.	Proficient Preparation of Statement of Financial Position is correct, with few minor errors.	Needs Improvement Preparation of Statement of Financial Position, but contains many errors.	Poor Student does not demonstrate an understanding of how to prepare the Statement of Financial Position. Work is incomplete.	No Submission No project was submitted.
Statement of Changes in OE	Advanced Preparation of Statement of Changes in OE is correct, with no errors.	Proficient Preparation of Statement of Changes in OE is correct, with few minor errors.	Needs Improvement Preparation of Statement of Changes in OE, but contains many errors.	Poor Student does not demonstrate an understanding of how to prepare the Statement of Changes in OE. Work is incomplete.	No Submission No project was submitted.
Statement of Cash Flows	Advanced Preparation of Statement of Changes in OE is correct, with no errors.	Proficient Preparation of Statement of Changes in OE, with few minor errors.	Needs Improvement Preparation of Statement of Changes in OE, but contains many errors.	Poor Student does not demonstrate an understanding of how to prepare the Statement of Changes in OE. Work is incomplete.	No Submission No project was submitted.
Timeliness	Advanced Submitted before or on the deadline.	Proficient Submitted 1-3 days late.	Needs Improvement Submitted 4-6 days late	Poor Submitted 7-15 days late.	No Submission No project was submitted.