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iRubric: Real Estate Financial Statements rubric

iRubric: Real Estate Financial Statements rubric

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Real Estate Financial Statements 
Accounting Cycle
Using monopoly results, perform the following: 1. Evaluate the student's knowledge of accounting cycle 2. Demonstrate the use of documentation 3. Understand a complex accounting problem.
Rubric Code: BX94282
By Annterra
Ready to use
Public Rubric
Subject: Accounting  
Type: Assessment  
Grade Levels: 9-12

Powered by iRubric Monopoly Simulation
  Advanced

(N/A)

Proficient

(N/A)

Novice

(N/A)

Unsatisfactory

(N/A)

Journalizing Business Transactions

25 points
Advanced

Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(20-15 points)
Proficient

Shows a good understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(14-10 points)
Novice

Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(9-5 points)
Unsatisfactory

Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(4-0 points)
Posting to Ledgers

20 points
Advanced

Shows a well developed understanding of the principles of posting.<BR>
(20-15 points)
Proficient

Shows a good understanding of the principles of posting.<BR>
(14-10 points)
Novice

Shows little understanding of the principles of posting.<BR>
(9-5 points)
Unsatisfactory

Shows very little understanding of the principles of posting.<BR>
(4-0 points)
Trial balance

15 points
Advanced

The entire trial balance is correctly prepared with no major errors.<BR>
(20-15 points)
Proficient

The entire trial balance is correctly prepared, with no more than one major errors.<BR>
(14-10 points)
Novice

The trial balance was clearly attempted, but is not completed correctly.<BR>
(9-5 points)
Unsatisfactory

The trial balance was started but provides little information.<BR>
(4-0 points)
Income Statement

10 points
Advanced

Income statement is presented with no errors.<BR>
(10-8 points)
Proficient

Income statement is included with no major errors.<BR>
(7-5 points)
Novice

Income statement is included, but contain multiple errors.<BR>
(4-2 points)
Unsatisfactory

Income statement was attempted but are basically incomplete.<BR>
(1-0 points)
Statement of Changes in OE

10 points
Advanced

Statement of Changes in OE is completed with no errors.<BR>
(10-8 points)
Proficient

Statement of Changes in OE is completed with no major errors.<BR>
(7-5 points)
Novice

Statement of Changes in OE is included and have one error<BR>
(4-2 points)
Unsatisfactory

Statement of Changes in OE was attempted but have several errors.<BR>
(1-0 points)
Balance Sheet

10 points
Advanced

Balance sheet is completed with no errors.<BR>
(10-8 points)
Proficient

Balance sheet is completed with no major errors.<BR>
(7-5 points)
Novice

Balance sheet is included and have one error<BR>
(4-2 points)
Unsatisfactory

Balance sheet was attempted but have several errors.<BR>
(1-0 points)




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