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iRubric: Financial Accounting Assessment 2 rubric

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Financial Accounting Assessment 2 Financial Accounting Principles BAT4M Preparation of financial statements. Rubric Code: L236CCX By annemarie75 Ready to use Public Rubric Subject: Accounting Type: Assessment Grade Levels: Undergraduate

Accounting
	Mastery 4 pts	Advanced 3 pts	Proficient 2 pts	Novice 1 pts	Unsatisfactory 0 pts
Income Statement	Mastery Preparation of Income statement is correct, with no errors. (4 points)	Advanced Preparation of income statement is correct, with few minor errors. (3 points)	Proficient Preparation of income statement are correct, with some errors. (2 points)	Novice Preparation of income statement, but contains many errors. (1 point)	Unsatisfactory Student does not demonstrate an understanding of how to prepare the income statement. Work is incomplete. (0 point)
Statement of RE	Mastery Preparation of statement is correct, with no errors. (4 points)	Advanced Preparation of statement is correct, with few minor errors. (3 points)	Proficient Preparation of statement is correct, with some errors. (2 points)	Novice Preparation of statement, but contains many errors. (1 point)	Unsatisfactory Student does not demonstrate an understanding of how to prepare the statement. Work is incomplete. (0 point)
Balance Sheet	Mastery Preparation of statement is correct, with no errors. (4 points)	Advanced Preparation of statement is correct, with few minor errors. (3 points)	Proficient Preparation of statement is correct, with some errors. (2 points)	Novice Preparation of statement, but contains many errors. (1 point)	Unsatisfactory Student does not demonstrate an understanding of how to prepare the statement. Work is incomplete. (0 point)
Presentation	Mastery The work is presented in a neat, clear, organized fashion that is easy to read. No errors. (4 points)	Advanced The work is presented in a neat and organized fashion that is mostly easy to read. (3 points)	Proficient The work is presented in an organized fashion, but can be difficult to follow. (2 points)	Novice The work is difficult to follow or incomplete. (1 point)	Unsatisfactory Student does not demonstrate an understanding of financial statement presentation. (0 point)