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iRubric: Accounting 1 Chapter 1 rubric

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Accounting 1 Chapter 1 Accounting 1 Chapter 1 1. Define accounting terms related to starting a service business organized as a proprietorship 2. Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. 3. Classify accounts as assets, liabilities, or owner’s equity. 4. Analyze how transactions affect accounts in an accounting equation. Rubric Code: UX8C747 By johnmayo Draft Public Rubric Subject: Accounting Type: Assessment Grade Levels: 9-12

Chapter 1
	Unattained 1 pts	Approaching 2 pts	Attained 3 pts	Exceeded 3.5 pts	Mastered 4 pts
1. Define accounting terms related to starting a service business organized as a proprietorship	Unattained Student scored below 50% on terminology portion of summative assessment.	Approaching Student scored between 50%-69% on terminology portion of summative assessment.	Attained Student scored between 70%-84% on terminology portion of summative assessment.	Exceeded Student scored between 85%-92% on terminology portion of summative assessment.	Mastered Student scored between 93%-100% on terminology portion of summative assessment.
2. Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.	Unattained	Approaching	Attained	Exceeded	Mastered
3. Classify accounts as assets, liabilities, or owner’s equity.	Unattained	Approaching	Attained	Exceeded	Mastered
4. 4. Analyze how transactions affect accounts in an accounting equation.	Unattained Student is unable to clearly or accurately demonstrate how transactions affect the accounting equation.	Approaching Student is able to clearly and accurately demonstrate how transactions affect the accounting equation 65-74% of the time.	Attained Student is able to clearly and accurately demonstrate how transactions affect the accounting equation 75-84% of the time.	Exceeded Student is able to clearly and accurately demonstrate how transactions affect the accounting equation 85-94% of the time.	Mastered Student is able to clearly and accurately demonstrate how transactions affect the accounting equation 95-100% of the time.