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iRubric: Principals of Accounting I rubric
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Principals of Accounting I
Principals of Accounting I
Evaluate the student's knowledge of the accounting cycle, the rules of debits and credits, the preparation of financial statements, the trial balance, closing the books and journalizing and posting adjusting entries.
Rubric Code:
TXC7C5B
By
sujan79
Ready to use
Public Rubric
Subject:
Accounting
Type:
Assessment
Grade Levels:
Undergraduate
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Accounting
Advanced
4
(N/A)
Proficient
3
(N/A)
Developing
2
(N/A)
Beginning
1
(N/A)
Analyzing Business Transactions
Advanced
Shows an excellent understanding of business transactions. Can identify the appropriate supporting business documents. No errors.
Proficient
Shows a good understanding of business transactions. Can identify the appropriate supporting business documents. Few errors.
Developing
Shows little understanding of business transactions. Can identify a few appropriate supporting business documents. Many errors.
Beginning
Doesn't understand business transactions and can't identify the appropriate supporting business documents. Work is incomplete.
Journalizing Business Transactions
Advanced
Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal. Very few errors in journalizing
Proficient
Shows a good understanding of the principles of journalizing accurately in the appropriate journal. Few errors in journalizing
Developing
Shows little to no understanding of the principles of journalizing accurately in the appropriate journal. Many errors in posting
Beginning
Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
Posting to Ledgers
Advanced
Shows a well developed understanding of the principles of posting and what ledgers to post to. No errors in posting
Proficient
Shows a good understanding of the principles of posting and what ledgers to post to. Few errors in posting
Developing
Shows little understanding of the principles of posting and doesn't understand what ledgers to post to.
Many errors in posting
Beginning
Shows very little to no understanding of the principles of posting and doesn't know the difference between the different ledgers.
Adjusting Entries
Advanced
Journalizing and Posting Adjusting entries are correct, with no errors.
Proficient
Journalizing and Posting Adjusting entries are correct, with few minor errors.
Developing
Journalizing and Posting Adjusting entries but contains many errors.
Beginning
Student does not demonstrate an understanding of how to journalize and post Adjusting entries. The work is incomplete
Closing the Books
Advanced
Closing the accounting books are 100% correct.
Proficient
Closing the accounting books, with few minor errors.
Developing
Closing the accounting books, with many errors.
Beginning
Student does not demonstrate an understanding of how the accounting books are closed. The closing of the accounting books is incomplete.
Financial Statements
Advanced
Preparation of financial statements are correct, with no errors.
Proficient
Preparation of financial statements are correct, with few minor errors.
Developing
Preparation of financial statements, but contains many errors.
Beginning
Student does not demonstrate an understanding of how to prepare the financial statements. Work is incomplete.
Subjects:
Accounting
Types:
Exam
Project
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