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iRubric: ACC100 Project rubric

iRubric: ACC100 Project rubric

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ACC100 Project 
Financial Accounting Principles BAT4M
Evaluate the student's knowledge of the accounting cycle and the preparation of financial statements.
Rubric Code: XX79223
By pagcaian
Ready to use
Public Rubric
Subject: Accounting  
Type: Exam  
Grade Levels: Undergraduate

Powered by iRubric ACC100 Project
  Advanced

20 pts

Proficient

15 pts

Needs Improvement

10 pts

Poor

5 pts

No Submission

0 pts

Business Transactions

Advanced

Shows an excellent understanding of business transactions. Can identify the appropriate supporting business documents. No errors.
Proficient

Shows a good understanding of business transactions. Can identify the appropriate supporting business documents. Few errors.
Needs Improvement

Shows little understanding of business transactions. Can identify a few appropriate supporting business documents. Many errors.
Poor

Doesn't understand business transactions and can't identify the appropriate supporting business documents. Work is incomplete.
No Submission

No project was submitted.
Journalizing Business Transactions

Advanced

Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal. Very few errors in journalizing points
Proficient

Shows a good understanding of the principles of journalizing accurately in the appropriate journal. Few errors in journalizing
Needs Improvement

Shows little to no understanding of the principles of journalizing accurately in the appropriate journal. Many errors in posting
Poor

Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
No Submission

No project was submitted.
Posting to Ledgers

Advanced

Shows a well developed understanding of the principles of posting and what ledgers to post to. Very few errors in posting
Proficient

Shows a good understanding of the principles of posting and what ledgers to post to. Few errors in posting
Needs Improvement

Shows little understanding of the principles of posting and doesn't understand what ledgers to post to.
Many errors in posting
Poor

Shows very little to no understanding of the principles of posting and doesn't know the difference between the different ledgers.
No Submission

No project was submitted.
Financial Statements

Advanced

Preparation of financial statements are correct, with no errors.
Proficient

Preparation of financial statements are correct, with few minor errors.
Needs Improvement

Preparation of financial statements, but contains many errors.
Poor

Student does not demonstrate an understanding of how to prepare the financial statements. Work is incomplete.
No Submission

No project was submitted.
Closing the Books

Advanced

Closing the accounting books are 100% correct.
Proficient

Closing the accounting books, with few minor errors.
Needs Improvement

Closing the accounting books, with many errors.
Poor

Student does not demonstrate an understanding of how the accounting books are closed. The closing of the accounting books is incomplete.
No Submission

No project was submitted.




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