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iRubric: Preparation of Financial Statements rubric

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Preparation of Financial Statements Preparation of Financial Statements Preparation of Financial Statements Rubric Code: GX9687A By Hardys Ready to use Public Rubric Subject: Accounting Type: Assessment Grade Levels: Undergraduate

Preparation of Financial Statements
	Advanced 20 pts	Proficient 15 pts	Needs Improvement 5 pts	Poor 3 pts	No Submission 0 pts
Income Statement	Advanced Preparation of Income Statement, with no errors.	Proficient Preparation of Income Statement is correct, with few minor errors.	Needs Improvement Preparation of Income Statement, but contains many errors.	Poor Student does not demonstrate an understanding of how to prepare an Income Statement. Work is incomplete.	No Submission No project was submitted.
Statement of Owner's Equity	Advanced Preparation of Statement of Owner's Equity is correct, with no errors.	Proficient Preparation of Statement of Owner's Equity is correct, with few minor errors.	Needs Improvement Preparation of Statement of Owner's Equity, but contains many errors.	Poor Student does not demonstrate an understanding of how to prepare the Statement of Owner's Equity. Work is incomplete.	No Submission No project was submitted.
Balance Sheet	Advanced Preparation of the Balance Sheet is correct, with no errors.	Proficient Preparation of the Balance Sheet, with few minor errors.	Needs Improvement Preparation of the Balance Sheet, but contains many errors.	Poor Student does not demonstrate an understanding of how to prepare the Balance Sheet. 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.