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iRubric: Income Statement Grading Rubric

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Income Statement Grading Rubric Income Statement Grading Rubric This rubric evaluates the required elements of an income statement. Rubric Code: UX8WA48 By ggdale Ready to use Public Rubric Subject: Accounting Type: Assignment Grade Levels: 9-12, Undergraduate

Income Statement Grading Rubric Enter rubric description
	Not Completed 0 pts	Completed but not Correct 5 pts	Correct 10 pts
The name of a business etc	Not Completed The name of the business and the month of the statement is missing in the heading.	Completed but not Correct Either the name of the business or the month of statement is incorrect missing.	Correct The name of the business is correct and placed on the first line of the Income Statement heading. The month is included correctly
Gross Profit	Not Completed The gross profit is not calculated or is incorrect.	Completed but not Correct N/A	Correct Gross Profit is accurately calculated/entered
Total Operating Expenses Enter description	Not Completed The operating expenses are missing	Completed but not Correct Most of the operating expenses have been entered, but at least 1 expense is missing and skew the total.	Correct The Total Operating expenses is entered accurately.
Net Profit before tax (NPBT)	Not Completed There is no NPBT entered	Completed but not Correct There is an incorrect figure entered as the NPBT	Correct The NPBT entered is accurate.
Sales Tax	Not Completed The sales tax has not been calculated	Completed but not Correct An incorrect amount has been entered as the sales tax	Correct The sale tax entered is correct
EnNet Profit after tax (NPAT)	Not Completed The NPAT was not entered	Completed but not Correct There is an incorrect amount entered as NPAT	Correct The NPAT entered is correct
Enter Title	Not Completed	Completed but not Correct	Correct
Enter Title	Not Completed	Completed but not Correct	Correct
Enter Title	Not Completed	Completed but not Correct	Correct
Enter Title	Not Completed	Completed but not Correct	Correct