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iRubric: Financial Accounting Assessment 1 rubric

iRubric: Financial Accounting Assessment 1 rubric

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Financial Accounting Assessment 1 
Financial Accounting Principles BAT4M
Evaluate the student's knowledge of journal entries, adjusting journal entries, and trial blaance
Rubric Code: M236CCW
By annemarie75
Ready to use
Public Rubric
Subject: Accounting  
Type: Assessment  
Grade Levels: Undergraduate

Powered by iRubric Accounting
  Mastery

4 pts

Advanced

3 pts

Proficient

2 pts

Novice

1 pts

Unsatisfactory

0 pts

Journalizing Business Transactions

Mastery

Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal. No errors in journalizing .
(4 points)
Advanced

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

Shows a good understanding of the principles of journalizing accurately in the appropriate journal. Few errors in journalizing
(2 points)
Novice

Shows little to no understanding of the principles of journalizing accurately in the appropriate journal. Many errors in posting
(1 point)
Unsatisfactory

Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(0 point)
Update Ledger Balances/TB

Mastery

Shows a well developed understanding of the principles of posting and what ledgers to post to. No errors in posting
(4 points)
Advanced

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

Shows a good understanding of the principles of posting and what ledgers to post to. Few errors in posting
(2 points)
Novice

Shows little understanding of the principles of posting and doesn't understand what ledgers to post to.
Many errors in posting
(1 point)
Unsatisfactory

Shows very little to no understanding of the principles of posting and doesn't know the difference between the different ledgers.
(0 point)
Adjusting Journal Entries

Mastery

Shows a well developed understanding of the principles of adjusting entries. No errors in journalizing.
(4 points)
Advanced

Shows a well developed understanding of the principles of adjusting entries. Very few errors in journalizing.
(3 points)
Proficient

Shows a good understanding of the principles of adjusting entries. Few errors in journalizing.
(3 points)
Novice

Shows little to no understanding of the principles of adjusting entries. Many errors in journalizing.
(3 points)
Unsatisfactory

Transactions appear incomplete. Shows little to no understanding of the principles of adjusting entries..
(0 point)
Update Ledger Balances/TB

Mastery

Shows a well developed understanding of the principles of posting and what ledgers to post to. No errors in posting
(4 points)
Advanced

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

Shows a good understanding of the principles of posting and what ledgers to post to. Few errors in posting
(2 points)
Novice

Shows little understanding of the principles of posting and doesn't understand what ledgers to post to.
Many errors in posting
(1 point)
Unsatisfactory

Shows very little to no understanding of the principles of posting and doesn't know the difference between the different ledgers.
(0 point)




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