Skip to main content
sign in
Username
Password
forgot?
Sign up
Share
help_outline
help
Pricing
Request Info
Please enable JavaScript on your web browser
menu
iRubric: Accounting Cycle Documentation -Part 1 rubric
find rubric
Your browser does not support iframes.
edit
print
share
Copy to my rubrics
Bookmark
test run
assess...
delete
Do more...
Accounting Cycle Documentation -Part 1
Accounting Cycle Documentation -Part 1
Complete the steps in the accounting cycle in order to prepare the financial statements.
Rubric Code:
WXA4998
By
lugocortijo1956
Ready to use
Public Rubric
Subject:
Accounting
Type:
Assessment
Grade Levels:
Undergraduate
Your browser does not support iframes.
Desktop Mode
Mobile Mode
GRID
4
(N/A)
3
(N/A)
2
(N/A)
1
(N/A)
Use of Debits & Credits
5 points
4
Shows a well developed understanding of the principles of the T account and its relation to a given activity.<BR>
(5 points)
3
Shows a good understanding of the principles of the T account and its relation to a given activity.<BR>
(2.5 points)
2
Shows a basic understanding of the principles of the T account and its relation to a given transaction.<BR>
(1.5 points)
1
Shows little or no understanding of the principles of the T account and its relation to a given transaction; does not ask for clarity; little attempt to gain improvement with material.<BR>
(5.5 points)
Journalizing Business Transactions
15 points
4
Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(15 points)
3
Shows a good understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(12.75 points)
2
Shows a basic understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(11.25 points)
1
Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.<BR>
(8.25 points)
Posting
25 points
4
Shows a well developed understanding of the principles of posting.<BR>
(25 points)
3
Shows a good understanding of the principles of posting.<BR>
(21 points)
2
Shows a basic understanding of the principles of posting.<BR>
(19 points)
1
Shows very little understanding of the principles of posting.<BR>
(14 points)
Adjusting Entries
5 points
4
Adjusting entries are completed with no errors.<BR>
(5 points))
3
Adjusting entries are completed with no more than one errors.<BR>
(4.25 points)
2
adjusting entries are included and have one error<BR>
(3.75 points)
1
Adjusting entries were attempted, but not completed and with several errors.<BR>
(2.75 points)
Worksheet
10 points
4
The entire worksheet is correctly prepared with no major errors.<BR>
(10 points)
3
The entire worksheet is correctly prepared, with no more than one major errors.<BR>
(8.5 points)
2
The worksheet is completed but has more than one major error or several smaller errors.<BR>
(7.5 points)
1
The worksheet was started but provides little information.<BR>
(5.5 points)
Financial Statements
10 points
4
All of the financial statements are presented with no major errors.<BR>
(10 points)
3
All of the Financial Statements are included with no more than one major error on the complete set.<BR>
(8.5 points)
2
Some of the Financial Statements are included. More than two errors on those presented.<BR>
(7.5 points)
1
Financial statements were attempted but are basically incomplete.<BR>
(5.5 points)
Adjusting/Closing Entries
12 points
4
Adjusting and closing entries are completed with no errors.<BR>
(12 points)
3
Adjusting and closing entries are completed with no more than one errors.<BR>
(10 points)
2
Both adjusting entries and closing entries were attempted, but have several errors.<BR>
(5 points)
1
Only adjusting entries were attempted but have several errors.<BR>
(2.75 points)
Post-Closing Trial Balance
18 points
4
The post-closing trial balance is correct, with no errors.<BR>
(18 points)
3
The post-closing trial balance is correct, with no major errors.<BR>
(10 points)
2
The post-closing trial balance is complete, but does not balance correctly.<BR>
(5 points)
1
The post-closing trial was started but is basically incomplete.<BR>
(2.75 points)
Subjects:
Accounting
Types:
Project
Assessment
Discuss this rubric
You may also be interested in:
More rubrics by this author
More Accounting rubrics
More Project rubrics
Do more with this rubric:
Preview
Preview this rubric.
Edit
Modify this rubric.
Copy
Make a copy of this rubric and begin editing the copy.
Print
Show a printable version of this rubric.
Categorize
Add this rubric to multiple categories.
Bookmark
Bookmark this rubric for future reference.
Assess
Test run
Test this rubric or perform an ad-hoc assessment.
Grade
Build a gradebook to assess students.
Collaborate
Apply this rubric to any object and invite others to assess.
Share
Publish
Link, embed, and showcase your rubrics on your website.
Email
Email this rubric to a friend.
Discuss
Discuss this rubric with other members.
Do more with rubrics than ever imagined possible.
Only with iRubric
tm
.
Copyright © 2024
Reazon Systems, Inc.
All rights reserved.
n16
Your browser does not support iframes.
Your browser does not support iframes.
Your browser does not support iframes.