iRubric: Accounting Simulation Rubric Witness Fitness

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Accounting Simulation Rubric Witness Fitness

Using text, perform the following: 1. Evaluate the student's knowledge of accounting cyle 2. Demonstrate the use of documentation 3. Understand a complex accounting problem. 4. Prepare Finacial Statements

Rubric Code: D4BAC3

By cwilkie

Ready to use

Public Rubric

Subject: Accounting

Type: Project

Grade Levels: (none)

Accounting Simulation
	Unsatisfactory (N/A)	Partially Proficient (N/A)	Proficient (N/A)	Advanced (N/A)
Journalizing Business Transactions	Unsatisfactory Shows little to no understanding of the principles of journalizing accurately in the appropriate journal. (10 points)	Partially Proficient Shows a basic understanding of the principles of journalizing accurately in the appropriate journal. (15 points)	Proficient Shows a good understanding of the principles of journalizing accurately in the appropriate journal. (20 points)	Advanced Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal. (25 points)
Posting	Unsatisfactory Shows little to no understanding of the principles of posting. (6 points)	Partially Proficient Shows a basic understanding of the principles of posting. (12 points)	Proficient Shows a good understanding of the principles of posting. (15 points)	Advanced Shows a well developed understanding of the principles of posting. (20 points)
Financial Statements	Unsatisfactory The financial statements are included, but balances are forced and formatting is not folloewd. (5 points)	Partially Proficient The Financial Statements are included, some balances are forced and some formatting is visible. (15 points)	Proficient All of the Financial Statements are included with no real major errors on the complete set, and no balances are forced. (20 points)	Advanced All of the financial statements are presented with no major errors. (25 points)